Open Financial Technologies risk score

Open is a pioneering financial technology company established in 2017, dedicated to transforming the banking experience for small to medium-sized enterprises (SMEs) and startups across Asia. As the region's first neobanking platform tailored specifically for this segment, Open is committed to simplifying business finance management, thereby enabling entrepreneurs to focus more on growth and less on administrative tasks.

The company facilitates a streamlined business banking solution through its powerful platform, underpinned by collaboration with partner banks. Open offers a comprehensive suite of services including a business account that simplifies the collection and reconciliation of payments, alongside facilitating effortless payouts. Open goes beyond basic banking services by integrating additional business tools, such as an automated accounting system, expense management solutions, and a bespoke payment gateway. These features are designed to alleviate the typical financial operational challenges faced by businesses.

Serving over 3.5 million SMEs, Open processes transactions worth approximately US $35 billion annually. The platform's significant uptake, evidenced by the onboarding of 50,000 new businesses each month, signals a robust and growing trust in Open’s capabilities to deliver a superior banking experience.

Located at the cutting edge of technology and innovation in business finance, Open continues to expand its influence and operational scope, driven by a mission to offer a seamless banking journey. The company’s rapid growth trajectory is complemented by its active search for dynamic new talent to join the team, ensuring continuous improvement and expansion of its services.

Adhering to high standards of security and compliance, Open operates within strict regulatory frameworks to secure and protect client data and funds, ensuring that it remains a trusted partner for business banking in Asia.