Open is an all‑in‑one cloud platform that links a business’s existing bank accounts to a single dashboard for sending and receiving payments, creating or importing GST‑compliant invoices, and automatically reconciling transactions with accounting software. It supports account‑to‑account transfers, net banking, UPI, and card payments, and provides real‑time cash‑flow visibility across balances, payables, and receivables, reducing manual effort and errors for finance teams.
Funding
$50M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
2OIFFounders
Product
Problem
Businesses often have to manage multiple banking portals to handle payables, receivables, and reconciliation, leading to time‑consuming manual processes and a fragmented view of cash flow. This complexity increases the risk of errors, delays in payments, and difficulty tracking financial health across accounts.
Solution
Open provides an all‑in‑one cloud platform that connects a company’s existing bank accounts to a unified dashboard for sending and receiving payments, creating and importing invoices, and automatically reconciling transactions with accounting software. Users can upload, import, or create vendor bills, pay them instantly via account‑to‑account transfers, and have payments matched to invoices in real time. The system supports multiple payment modes—including net banking, UPI, and cards—and delivers GST‑compliant invoices with automated payables tracking. Two‑way sync with popular accounting tools eliminates manual data entry, while a digital cash‑flow view consolidates balances, payables, and receivables across all linked accounts.
Target Audience
Open is aimed at finance teams of SMEs, startups, and larger enterprises—including tax practitioners and B2B platforms—that need streamlined payment processing, invoicing, and automated reconciliation.
Features
- Direct account‑to‑account payments and support for net banking, UPI, credit/debit cards, and split payments
- Creation and import of GST‑compliant invoices with email, SMS, and WhatsApp delivery
- Automatic reconciliation of payments with invoices and real‑time two‑way sync to accounting software
- Unified dashboard showing balances, payables, receivables, and beneficiary management across all connected banks
- API‑driven verification of bank or UPI details for secure payouts to partners and agents
- Integrated reminders and status tracking for invoices to accelerate collections