Neo-Banks in India: Open.Money Review!
Open is Asia’s 1st neobank for small businesses, startups & freelancers to manage their business finances. Open offers a current account that comes with a credit card that combines banking, payment gateway, payouts & accounting in one place. thus helping you grow your business.
Currently, Open is used by more than 500,000+ businesses and is processing more than US$ 14 billion in transactions annually. Around 40,000 small businesses switch to Open every month making it the world’s fastest-growing neobank.
Current account that combines banking, payments & accounting
Business credit card with a credit limit up to INR 2,00,000
Pre-approved limit of INR 10,000 on credit card
No deposit, no personal guarantee, and zero-interest for the first 30 days
Set limits & issue physical & virtual cards to the team
Load cards directly from the current account
Collect payments via payment links, payment gateway, Android & iOS SDKs, etc.
Make single & multiple bank transfers simultaneously
Vendor & salary payouts without beneficiary addition
Auto-categorise income & expenses
Automate accounting with in-built GST accounting software
Generate cash flow, profit & loss reports, etc.
Code payments your way with developer-friendly APIs
Set up an online shop with a free Ecwid subscription worth NR 8,400
Set up an online class with a free LearnDash subscription worth INR 14,000
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