Who owns Open?
short answerOpen is not itself a bank. It runs on a partner-bank (BaaS) model, where a licensed sponsor bank holds the deposits behind the app while Open builds the product and interface. Open's most notable disclosed backers include Temasek, Tiger Global, 3one4 Capital and IIFL.
Is Open a licensed bank?
No — it runs on a sponsor bank (BaaS model). Licence detail: Partner banks (ICICI, Axis, Yes Bank +); RBI-licensed payment aggregator.
Where is your money held?
Custody model: Custodial.
No sponsor bank or infrastructure provider is publicly documented for Open yet. Know one? Suggest it.
Who's behind Open?
Open was founded by Anish Achuthan + 3 (2017), headquartered in Bengaluru, IN.
Early investors
Is my money safe with Open?
Deposits are held by Open's sponsor bank, so any insurance flows through that bank rather than Open. Check which sponsor holds your balance and whether it is passed through for per-customer coverage.
go deeperSee the full Open profile with every verified field, or Open alternatives. Raw fields: data.json.
Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.