Open Money: Business Banking

Say goodbye to financial management headaches with The Open Money: Business Banking App. From handling invoicing to managing international payments and corporate cards, The Open Money App is here to streamline your financial operations and help you focus on what you do best—running your business.

About Open

Founded in 2017, Open stands as Asia's pioneering neo-banking platform designed to streamline business operations for SMEs and startups. This innovative platform consolidates business payments, banking, and accounting into a single, efficient interface. Key features include integrated payment gateways, smart invoicing, automated accounting, reconciliation tools, and VISA business cards for effective expense management.

With over 450,000 SMEs utilizing its services and processing $10 billion in transactions annually, Open supports 45,000 new businesses each month. Recently, Open secured $30 million in Series B funding, led by Tiger Global, Tanglin Venture Partners Advisors, and existing investors such as 3one4 Capital, Speedinvest, and BetterCapital AngelList Syndicate. Recognized by CB Insights as one of the top 60 fintechs transforming traditional banking, and featured in KPMG and H2 Ventures’ 2019 #Fintech100 report, Open continues to drive innovation in the financial technology sector.

Innovative Solutions for Modern Businesses

Streamlined Business Current Account

Open a business current account quickly and effortlessly, and enjoy a unified dashboard that consolidates invoicing, accounting, and expense management. This integrated platform allows you to manage your business finances with efficiency and clarity.

Advanced Payment Gateway

Enhance your customer’s checkout experience with Open’s sophisticated payment gateway. Designed to facilitate smooth transactions, it optimizes your payment processes to maximize conversions and customer satisfaction.

Accelerated Payment Processing

Generate GST-compliant invoices and offer multiple payment options to expedite your receivables. This feature ensures you get paid faster and manage your cash flow more effectively.

Comprehensive Bank Account Management

Connect and manage all your existing bank accounts from over 60 institutions through a single, user-friendly dashboard. View your statements, balances, and critical financial details in one place for streamlined oversight.

Automated Accounting

Leverage the automated bookkeeping engine to reconcile payments and generate accounting reports effortlessly. This feature simplifies financial tracking and reporting, saving you time and reducing manual errors.

Global Payment Collection

Set up your bank account to receive payments from international clients within just 48 hours. This feature supports global transactions, making it easier to manage and grow your international business.

Employee VISA Debit Cards

Issue VISA debit cards to your employees, set spending limits, and track business expenses efficiently. This feature provides a robust expense management solution for your team.

Founder One Card

Utilize Asia’s pioneering VISA credit card designed specifically for business founders and owners. The Founder One Card offers a powerful tool for managing vendor payments and business expenses.

Exclusive Business Rewards Program

Benefit from a tailored rewards program that provides exceptional rewards on essential business services. Enjoy exclusive perks and advantages designed to support and enhance your business operations.

Innovative Loan Solutions

Access a range of modern loan solutions, including income-based financing, early settlement offers, working capital loans, credit lines, and Founder Cards, in collaboration with IIFL Finance Ltd. and Gromor Finance Pvt. Ltd. These options are crafted to support your business’s financial needs and growth.

Open: Tailored Solutions for Every Business

# For Freelancers

Open offers a suite of features designed to simplify financial management for freelancers. Benefit from swift international payments, specialized credit cards, and GST-compliant invoicing, all seamlessly integrated within Open’s Business Current Account.

# For Startups

Startups can take advantage of Open’s programmable, API-enabled bank accounts that integrate seamlessly with invoicing and accounting tools. Additionally, corporate VISA cards are available for efficient expense management, tailored to support your growing business needs.

# For SMEs

Small and medium-sized enterprises can streamline their financial operations with Open’s advanced solutions. Enjoy efficient batch payments, automated accounts payable and receivable, and robust expense management using VISA Business Cards, all designed to optimize your financial processes.