Announced
Completed
Financials
Sources
Tags
digital banking solutions
Private Equity
FinTech
Completed
Friendly
Venture Capital
Acquisition
Private
Cross Border
Minority
India
banking platform
Synopsis
Temasek led a $100m Series C funding round in Open, a developer of a digital banking platform designed to offer efficient and secure banking services and automate business payments. Other investors include Google, SBI Investment, Tiger Global and 3one4 Capital. The startup provides its neobanking technology to banks in a white-label licensing arrangement, who then sell it to their customers. The startup is eyeing strategic merger and acquisitions opportunities in India and other markets and is looking to hire more talent.
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