Bankopen

FOUNDING YEAR: 2017
LOCATION: India
Last Update: 31/08/2020

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About

Open Money is a digital banking platform that offers consumers a smarter way to spend, save, borrow and send money from your mobile

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How Open is Solving Challenges for SMEs

MEDICI Analysis

company provided insights

Focus

PRODUCTS & SERVICES

Challenger Bank

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Open Money

About

Open Money is a digital banking platform that offers consumers a smarter way to spend, save, borrow and send money from your mobile

Watch

How Open is Solving Challenges for SMEs

Focus

PRODUCTS & SERVICES

Challenger Bank

PRODUCT DEVELOPMENT STAGE

PROTOTYPE

PRODUCT DEVELOPMENT COMMENT

Open is closely working with its partners to launch a mobile first digital banking service that offers consumers and businesses an intuitive banking experience with features like an instant creditline, spend management, financial goals, money transfer and virtual chatbot

KEY DIFFERENTIATORS

- A mobile first bank account with integrated tools for spend management, financial goals, creditline and a virtual financial assistant for consumers - For SME and Startups, Open offers a business current account integrated with payment gateway, Invoicing, bookkeeping and other value added business tools integrated into the account.

Traction

LIVE USERS/TRANSACTIONS:

No live users/transaction yet

CHANNEL STATUS

NO SALES YET

People

TEAM COMMENT:

The founding team members are serial fintech entreprenuers who have previously built 3 well recognised fintech ventures ( 2 acquisitions),have been part of the senior leadship team of India's largest fintech companies.

Momentum

FUNDED

NO

FUNDING COMPLETED

NO

LISTED

NO