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Press Release: OPEN wins Best Digital Banking Solution at Global Fintech Fest 2022

Dear Sir/Madam,

Hope you are doing well,

We wanted to inform you that India’s 100th Unicorn Open Financial Technologies has won Best Digital Banking Solution at Global Fintech Festival 2022 and OPEN’s Co-founder & COO, Mabel Chacko was awarded the Fintech Woman of the Year Award.

Sharing the press release for the same below. Request you to kindly consider this announcement.

OPEN wins Best Digital Banking Solution at Global Fintech Fest 2022

OPEN’s Co-founder & COO, Mabel Chacko was awarded the Fintech Woman of the year Award

Mumbai: The world’s fastest-growing digital banking enterprise, Open Financial Technologies was awarded the Best Digital Banking Solution at the Global Fintech Awards 2022, as part of the Global Fintech Fest being held at Mumbai.

Open’s Co-founder and COO, Mabel Chacko also won the Fintech Woman of The Year Award at this inaugural edition of the fintech awards.

A few months ago, OPEN was hailed by the startup ecosystem, government and other stakeholders in the Indian business community for becoming the 100th Unicorn from India. Open started out as a neobanking platform that empowers SMEs, startups and freelancers to manage everything from banking to automated accounting, payments, bookkeeping, expense management, compliance and payroll in one single platform. Founded in 2017 by Anish Achuthan, Mabel Chacko, Ajeesh Achuthan and Deena Jacob, today OPEN powers business banking for over 27 lakh businesses across India. As the journey progressed, OPEN saw a gap in the market and the need for a digital banking OS that not only helps businesses, but also brands (fintech & non-fintechs) and banks. OPEN then launched Zwitch, Asia’s first end-to-end embedded finance platform, to empower fintechs & non-fintechs to embed financial services into their product or service. Furthermore, they launched BANKINGSTACK, a modern cloud-native fintech OS that helps banks and financial institutions strengthen their digital banking experience for their end-users. This innovation and execution led to OPEN emerging as a leading digital banking enterprise.

Speaking about the awards, OPEN’s Co-founder & CEO Anish Achuthan said, “It’s definitely a proud moment for all of us at OPEN. Over the years, we have been working on transforming the experience of digital banking for key stakeholders like businesses, brands, and banks by building an ecosystem that caters to the specific needs of these players. We firmly believe in democratizing fintech for everyone and that’s why we built this Digital Banking OS. This recognition only motivates us to solve newer problems and improve the overall digital banking experience for the entire business and banking ecosystem.”

Anish Achuthan will be speaking at the Global Fintech Fest on 21st and 22nd September on ‘Neobanking – A Digital Bank?’ and ‘Banking 4.0- The future of financial services’ while Deena Jacob, OPEN’s Co-founder & CFO will be speaking on the ‘War of the Super Apps’ on 22nd, September 2022.

About OPEN

Founded in 2017, OPEN started as a neobanking platform that empowers SMEs, startups and freelancers to manage everything from banking to automated accounting, bookkeeping, expense management, compliance and payroll in one single platform. Today the platform powers more than 2.7 million SMEs and processes over USD 30 billion in annualized transactions. The platform also adds over 100,000 SMEs every month, making it the fastest-growing SME neobanking platform globally.

OPEN also launched Asia’s first end-to-end embedded finance platform Zwitch that enables fintech and non-fintech companies to launch digital banking services, and BankingStack, a modern cloud-native fintech OS for financial institutions to launch innovative digital banking solutions. With its entire suite of products for businesses,

Financial institutions, brands & banks, OPEN has evolved into an end-to-end Digital Banking OS.

In December 2021, OPEN acquired consumer neobanking platform Finin. Recently, Open raised its Series D round and became the 100th Unicorn from India.

OPEN is backed by leading global investors like IIFL Finance, Temasek, Google, Visa, Tiger Global, Beenext, Recruit Strategic Partners, 3one4 Capital, Speedinvest, Tanglin Venture Partner Advisors, Angellist, Unicorn India Ventures, to name a few and has raised over USD190 million in funding to date.

Regards,

Aruna

PR Consultant

Mobile: 9886414204

Email: aruna

Visit: www.aimhighindia.com

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