Cheers to a year of growth, innovation, and empowering businesses! 🚀 Let’s make 2025 our best year yet.
Open Financial Technologies
Financial Services
Bangalore, Karnataka 59,813 followers
India's largest connected finance platform for businesses.
About us
OPEN offers a powerful suite of financial solutions to help businesses manage payments seamlessly with connected banking. We also provide additional tools for tax and compliance, cash flow insights, custom workflows on ERPs, access to capital, payroll management, and accounting. Since 2017, OPEN has been revolutionizing the way businesses handle their financial operations. Over 4 million businesses and finance teams trust OPEN to automate their finances. We are growing at an incredible pace and are on the lookout for new and exciting talent to join the OPEN tribe.
- Website
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http://www.open.money
External link for Open Financial Technologies
- Industry
- Financial Services
- Company size
- 201-500 employees
- Headquarters
- Bangalore, Karnataka
- Type
- Privately Held
- Founded
- 2017
Locations
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Primary
Get directions
Bangalore, Karnataka 560035, IN
Employees at Open Financial Technologies
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Vaibhav Domkundwar
Vaibhav Domkundwar is an Influencer Building bettercapital.vc ➡️ India’s first & largest pre-seed venture capital firm writing Day 0 checks in contrarian ideas. 3X founder. Proud…
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Bhaskar Majumdar
Founder and Managing Partner Unicorn India Ventures
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Deena Jacob
Building Open - Digital banking Service for SMEs and Start-ups
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Mohamed Ishak
Sr Marketing Analyst Open Financial Technologies Representing the new generation banking platform for SMEs and startups
Updates
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Open Financial Technologies reposted this
🔔 Attention GST Taxpayers! Important Updates Effective 1st Jan 2025 The GST Network has introduced critical updates to E-Way Bill and E-Invoice Systems. 🔐 Mandatory Multi-Factor Authentication (MFA): Current Status: - Mandatory for AATO > ₹100 Crores (since Aug 20, 2023) - Optional for AATO > ₹20 Crores (since Sep 11, 2023) Upcoming Changes: - Jan 1, 2025: Mandatory for AATO > ₹20 Crores - Feb 1, 2025: Mandatory for AATO > ₹5 Crores - Apr 1, 2025: Mandatory for all taxpayers 📄 E-Way Bill (EWB) Updates: EWB Date Restrictions: - EWB generation is limited to documents dated within 180 days. - Documents dated before July 5, 2024 ineligible from Jan 1, 2025 EWB Extension Limits: - Maximum 360 days extension from generation date - Example: Jan 1, 2025 EWB extendable until Dec 25, 2025 🚩 Next Steps to Stay Compliant - Start using MFA on the NIC portal now to familiarize yourself with the process and avoid last-minute issues. - Ensure your registered mobile number is up to date with your GSTIN to avoid OTP-related issues. - Educate staff on MFA logins and the new EWB timeline changes. - Provide OTP-enabled devices to authorized users for seamless access. - Revise workflows to comply with the 180-day document rule and the 360-day EWB extension cap. - Coordinate with logistics partners to align supply chains with updated timelines. - Use digital tools to track timelines, set alerts, and simplify processes. 💡 Pro Tip: Prepare your systems and processes now to ensure a smooth transition and avoid disruptions. [GST, E-Way Bill, Ewaybill, EWB Updates, GST Updates, GST News]
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✨ Proud to announce that OPEN's founding team has been recognized among India's Top 200 Self-made Entrepreneurs of the Millennia 2024 by HURUN INDIA & IDFC FIRST Bank! Our co-founders Anish Achuthan (CEO), Mabel Chacko (COO), Deena Jacob (CFO), and Ajeesh Achuthan (CTO) stand testament to the power of vision, persistence, and innovation in revolutionizing business banking in India. From a shared dream to building Asia's fastest-growing SME connected banking & finance automation platform, this recognition with a combined net worth of ₹8300 crores reflects not just numbers, but the impact they've created for millions of SMEs across India.
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Why does UPI feel so easy to use? It’s not magic—it’s science. From fewer steps to instant dopamine hits, UPI has mastered the art of effortless payments. ✨💳 Swipe to see why India loves UPI, and the psychology behind every scan, tap, and click. #UPI #CashlessIndia #DigitalPayments
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Ever wondered how big deals stay fair? Meet the unsung hero of secure transactions—Escrow Accounts. From home buying to e-commerce, they keep the trust intact. Check out how they quietly solve big problems! 🏡⚖️🛒 #EscrowAccounts #SafePayments
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Pricing isn't just math—it's psychology. Master the art of crafting offers that naturally draw customers in and drive conversions. Swipe, read, and find out! #PricingPsychology #EcommerceTips
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From Singapore to France, the UAE to Bhutan, India’s Unified Payments Interface (#UPI) crosses borders and sets new benchmarks for seamless, real-time payments. 📍 Singapore: PayNow x UPI collaboration for instant cross-border remittances. 📍 UAE: Empowering the Indian diaspora with cost-effective remittance options. 📍 France: Tourists tapping their way to convenience at iconic landmarks like the Eiffel Tower. 📍 Bhutan: Leading the way as the first country to adopt UPI payments! But what’s next for UPI? Could we see it in your favorite shopping destinations soon? Check out the full story to explore how UPI is making waves globally, driving innovation, and bringing financial inclusion to the forefront. 👉 Swipe through the carousel to see UPI’s incredible journey! #DigitalPayments
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Stay on top of your GST deadlines this month with our handy compliance calendar! Here's a quick summary of important dates for December 2024 to help you stay compliant. Make compliance stress-free with timely filing! Share this with your fellow CAs and businesses to ensure everyone’s on track. Read the full article: https://lnkd.in/gxPfvGg7 #gst #gstcalendar2024 #gstr #openmoney
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