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New Deal


Announced

Completed

Temasek led a $100m Series C funding round in Open.

Financials

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Transaction Value£73m
Consideration TypeCash
Capital Owned-
Capital Bid For20%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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digital banking solutions

Private Equity

FinTech

Completed

Friendly

Venture Capital

Acquisition

Private

Cross Border

Minority

India

banking platform

Synopsis

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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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