The round led by Temasek was joined by Google and SBI Investment and saw participation from existing investors Tiger Global and 3one4 Capital.
Open plans to use the funding to further strengthen and accelerate its new product lines, said the company in a statement. It further added that it will expand its base to 5 million SMEs and expand to global markets like South East Asia, Europe, and the US.
Open offers digital banking services such as current account services, credit cards, debit cards, payments, accounting and expense management in partnerships with banks for startups and small and medium enterprises (SMEs).
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now