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Neo-banking startup, Open, raises $5M in Series A funding led by Beenext, Speedinvest and 3one4 Capital

12 Feb 2019 8:38 AM GMT

The funding will be used to scale up the team as well as launch new products. Neo-banking platform for SMEs, Open, on Tuesday confirmed to have raised its Series A funding of $5 million led by Beenext, Speedinvest and 3one4 Capital. Existing investors Unicorn India Ventures and Angellist Syndicat

The funding will be used to scale up the team as well as launch new products.
Existing investors Unicorn India Ventures and Angellist Syndicate also participated in this round.
Confirming the news to YourStory, Open said it will be using the funds to scale up the team, while looking to launch new products.
In May, last year, the platform had announced that it had raised pre-Series A funding in a round led by Unicorn India Ventures and Recruit Co. Ltd, through its investment subsidiary RSP India Fund LLC.