Tiger Global-led a series B round that will enable the Recruit-backed business current account platform to expand its service and product range.
Open, an India-based enterprise banking software developer backed by human resources firm Recruit Holdings, has secured $30m in a series B round led by Tiger Global Management, the Economic Times has reported.
Tanglin Venture Partners Advisors, 3one4 Capital, Speedinvest, and Better Capital’s AngelList Syndicate also took part in the round, which boosted the company’s overall funding to more than $37m.
Founded in 2016, Open helps small and medium-sized enterprises to set up business current accounts powered by financial services partner Icici Bank.
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