Open Financial Technologies provides an online banking and intercompany settlement platform for small businesses.
Based in Bangalore, India and founded in 2017, Open Financial Technologies Pvt. Ltd. develops financial automation software for small businesses, covering banking, invoicing, bookkeeping and payroll on a subscription basis. The company was co-founded by Ajeesh Achuthan, Anish Achuthan, Deena Jacon and Mabel Chacko, and as of September 2021 it claimed to work with 450,000 SMEs and process transactions worth USD 11 billion. In October 2021 it raised USD 100 million in Series C funding led by returning investor Temasek Holdings, with participation from returning investors.
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