Google has joined the Recruit Holdings-backed digital banking service’s series C round, which increased its overall funding to over $99m.

India-based neobank operator Open Financial Technologies has secured Rs 4.5bn ($62m) in series C funding from investors including internet technology provider Google, Entrackr has reported, citing a regulatory filing.

Temasek’s Arvon Investments unit filled out the participants in the round along with 3one4 Capital and Tiger Global Management.

Founded in 2017, Open operates a digital banking platform targeting small and medium-sized enterprises and startups. It offers business-to-business payment settlements as well as an integrated payment portal and automated accounting and…

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.