The bank has raised $100 million in a Series C led by Temasek and featuring Google. Tiger Global, 3one4 Capital, and SBI Investment also participated.
Now valued at around $500 million, TechCrunch reports the bank is seeking to quickly raise more funds, with Visa tipped as a major participant.
Launched in 2017, Open claims to be Asia’s first neobank for small and medium-sized enterprises (SMEs).
Its key features include a digital business account that can be activated “within five minutes” using a fully digital onboarding process.
