The hyperlocal delivery businesses in India have been thriving on the customers’ demand to get things delivered at the doorstep within a click of a button! Now that the pandemic is clouding the economic outlook, Read more…
Processing payroll is a recurring financial operation for every business. And since payroll is a substantial business expense, small businesses need to set aside dedicated time & resources on it periodically. Research suggests that, on average, Read more…
Payment gateways are the ultimate go-to for both B2B and B2C companies as they ensure your company gets the benefit out of the online payment collection process. And once new customers start availing the services, Read more…
I kickstarted my engineering back in CUSAT, Cochin out of sheer passion for coding. I’ve always set my heart on building tech products & was an active part of all startup communities. During my third Read more…
Prepaid expense cards are still predominantly used by most businesses despite online payments and transactions like UPI soaring in this era of digitization. Why, you ask? While online payments have their place, offline expenses and Read more…
Did you know that 86% Indians shopped online subsequent to Covid-19 in 2020? That’s right! With the onset of the pandemic, people across age groups adopted online shopping in their daily lives. This implies that Read more…
Corporate cards are now growing in popularity thanks to the efficiency and flexibility they offer. Not to mention, using corporate cards makes life easier for everyone – be that of the employee, or the accountant, Read more…
2020 brought about changes in the way businesses collect online payments across the globe. Especially with the pandemic at the forefront, the second wave has shaken the economy and the very core of companies. But Read more…
“A leader is one who knows the way, goes the way, and shows the way”. — John Maxwell Leadership inevitably plays a key role in the growth of an organization. However, acquiring leadership skills is Read more…
Virtual accounts are a compelling alternative for companies to simplify tracking amount receivables! Most companies are looking to stay in control of business cash flow. And Open’s virtual accounts enable businesses to manage expenses smartly. Read more…
Between last year and this year till date, much of the financial and technological revolution has been about navigating the pandemic. Covid-19 forced businesses, big and small, to embrace digitization fast – banking and finance Read more…
As business owners, most of you will agree the satisfaction that comes with every employee being paid on time is an unparalleled one. Payroll processing is definitely one of the most crucial yet still underrated Read more…
E-commerce startups have gone through a lot of changes in the last decade when it comes to managing business finances. The e-commerce industry in India has developed drastically over the years. While the internet was Read more…
Customers don’t want to think about banking. They just want it to work. Traditionally speaking, in India we’ve always been dependent on banks for any financial needs since 1750 BC. This is true for both Read more…
Did you know that Open — Asia’s first neo-banking platform for SMEs and Startups has built virtual cards? That’s right! Open’s virtual cards help manage online subscriptions for your business. But we get it. This Read more…
The one mantra we at Open live by is that — “The groundwork for all happiness is good health!” We like to deal with uncertainties head-on. In that spirit, Open is sponsoring Covid-19 vaccines for Read more…
Vendor payments are crucial to every business — whether they’re for office amenities, SAAS subscriptions, or products & services specific to an organization. Consider this — if you’re an IT service provider, you might have Read more…
Have you ever wondered why business virtual cards have become a smarter alternative to manage your online subscriptions? Let me break it down for you! Since all industries today have a digital footprint, it includes Read more…
Technology is disrupting businesses across industries, and Startups today are taking a liking and adding on to this massive digital transformation in all aspects of their businesses, including making bulk payments! A success story: How Read more…
As a kid, I used to visit the local bank with my father quite often. The daunting thought of reconciling endless accounts & ledgers had steered my early ambitions clear, of becoming a banker. I Read more…
What if we tell you an online bank account is essential for SMEs & startups over a regular business current account! We’re certain that whether you’re a small business owner with an uninterrupted cash flow Read more…
“If you want to start a financial company, instead of spending two years and millions of dollars in forming tons of partnerships, you can get all of that as a service and get going.” ~ Read more…
An uptick in online sales is inevitable in today’s digitally forward world. With more and more customers moving to online shopping, e-commerce sales have been on the rise. Undoubtedly, these online business transactions have witnessed Read more…
Managing business finances is a massive yet slow-moving task for finance teams. Simply consider the reconciliation of bank statements with your company books for every single accounting entry in a given day. In other words, Read more…
The recurring revenue model commonly called recurring payments or subscriptions has been prevalent in India for a long time now. But with the growth of internet penetration and adoption of digital payments, recurring payments have Read more…
Growing businesses often see a ton of expenses piling up. As a business owner, you find yourself more often than not, weighing different business credit options to tap into. To make matters worse, the knock-on Read more…
It’s often been said that we live in extraordinary times. Not only is it true of the pandemic we’re experiencing but also of the fintech revolution that is quietly taking place amongst us. As a Read more…
In January 2020, the RBI extended the recurring payments feature to UPI. Since then, UPI AutoPay has been one of the most awaited features for many small businesses in India. Till now, that is. We Read more…
It’s a given that the HR and Finance department looks after salary payments in any company. But if you run a business, more often than not, you’re pulled into looking over the business finances yourself. Read more…
I started my career in my final year of graduation. During my early days, I helped my dad with the software distribution business that he had set-up in Delhi NCR. Having had a strong grip Read more…
It’s a well-known fact that small businesses & startups play a substantial role in contributing to the GDP of the country. But wait, how often have you heard about banking services that are specifically built Read more…
I like to think of my journey so far, a decade long career, as what they call a “Portfolio career”. I come from a background in product management – edtech, fintech, and core banking, credit Read more…
Let’s face it – businesses, in general, have taken a massive hit due to the outbreak of COVID-19. Though the global economy is starting to show signs of gradual recovery from this ‘virus slump’ – Read more…
Struggling to score funds for your business during these times? Don’t lose heart. Securing loans for small businesses has always been an uphill task, and it has gotten a lot harder in these uncertain times. Read more…
Move over regular accounts – Virtual accounts are here and they’re here to stay! Also known as a ‘shadow account’, a virtual account is essentially a non-physical bank account that you can create and assign Read more…
If you are someone who follows the fintech space at close heels, you would have definitely noticed the buzz word ‘neobanks’. While they were pretty popular in the US and European markets, it’s only recently Read more…
Being a startup founder is not an easy feat. Especially when it comes to the never-ending battle of managing expenses. If you have been paying your company’s expenses from your personal credit card, then you’d Read more…
Scoring powerful funding has always been a curveball for businesses, but to bank that in a pandemic is totally a different ball game. The economy is going through turbulence. And that has made the availability Read more…
*Team Building Activities* I’m just gonna leave that there. Did that make you cringe, shift a bit in your seat, or maybe just roll your eyes? We get how team-building activities often elicit resentment rather Read more…
Hands up if you love filling expenses. Anybody? I didn’t think so. Let’s face it – claiming expenses is no fun. In fact, the process of filing reimbursements manually is a nightmare. While employees & Read more…
Few things have shaken up the banking industry, the way API Banking has. According to the recent World Retail Banking report, close to 79% of businesses leverage API Banking to offer an enhanced customer experience. Read more…
Pivoting or making changes to your fundamental business philosophy, is not a new concept in business continuity plans. In fact, innovative pivoting at the right time has always been the key to success for many Read more…
We Never Settle – This is one of the mantras Openers live by. Helping SMEs, startups & freelancers to manage their business finances seamlessly is at the heart of what we do. Even if it Read more…
Whether you know it as bulk payments or mass payouts – they sure have been generating quite a buzz lately. Over the course of the past decade, popular tech companies have been battling churn rates Read more…
No one could have prepared for the COVID-19 outbreak. Period. Most business continuity plans fell flat in the first week of lockdown. Not even the Great recession could have prepped us for this global pandemic, that Read more…
Globally, the freelancer workforce is growing and how! With 81% of Indian workers moving into the gig economy in the last 5 years, India continues to be home to the second-largest market for freelance professionals. Read more…
In India, the market size for travel and expense management solutions aimed at SMEs and MSMEs alone approximately amounted to $1 Billion in 2018. A number that shouldn’t come as a shock as business trips Read more…
New Year itself has a very celebratory ring to it. Most people ring in the new year with ‘New year, New me’ pledges. But not everyone shares the same enthusiasm. While most of us go all Read more…
Isn’t it amazing that we can get everything right from a toothbrush to a dress delivered at our doorstep with a click? Today, digital penetration has truly empowered businesses to get onto the radar of Read more…
If you’re a freelancer you’d agree that being one can be as daunting as it’s rewarding. It’s like you are a one-man army, right? Right from finding a gig to taking care of your payments, Read more…
Banking-as-a-Service (BaaS) is all the rage in the fintech community today. And we at Open were super excited to join forces with MEDICI to launch the first-ever extensive report on BaaS at one of the Read more…
2020 is almost around the corner and we can’t keep calm! But first, let’s take a quick look down memory lane at the fantastic year that 2019 was – so much has happened over the Read more…
For the past few months, we’ve been sweating it out hard at Open HQ, prepping for one of the world’s largest Fintech events — the Singapore Fintech Festival. And what a great event it has been! 😍 Read more…
Ask any entrepreneur, and they’d tell you that a major challenge in bringing their startup idea to life is raising funds. Startup founders sweat it out time & again to create a killer pitch. And Read more…
Let’s face it, startups have it tough. We’re always in a race against time to crush those deadlines. And managing our business expenses by switching between multiple platforms becomes just another hurdle to cross. Though there Read more…
If you’re someone who follows the Indian fintech space at close heels, you must have definitely noticed the buzz around ‘Open banking’. So, what’s this hype all about? Open banking is a system where the Read more…
After hailing more rides on Uber than other public transports combined, I can’t imagine a time when Uber wasn’t around. How did nightlife thrive back then? I mean, how did the drunk ever even reach Read more…
If you are a budding entrepreneur trying your hand at business banking for the very first time, we totally feel you. Startup banking can drive anyone crazy, even the best of us. For the longest Read more…
Struggling with your freelance finances & got no time for your gigs? Neo banks like Open can help you reclaim the time you spend on your business finances.
If you look at the payments industry as a whole across the globe, it has evolved in the most fascinating way when compared to other industries. Back in the days, we relied on cash, cheques, Read more…