Founded in 2017 by former PayU and Citrus Pay executives and serial entrepreneurs Anish Achuthan, Mabel Chacko, and Ajeesh Achuthan, along with Deena Jacob, Open focuses on small and medium-sized businesses by offering them a business current account. Their next big bets include revenue-based financing early settlement, working capital loans, and business credit cards to SMEs on its platform. Open is aiming to disburse $1 billion in loans through the new suite of products on the platform in the next 12 months. In this episode of Bits to Billions, the founders opened up to Moneycontrol's Chandra R Srikanth on the early years, why Open is relevant, and the criticism that family dominates the leadership.
first published: Jun 13, 2022 08:11 pm
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