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Open raises $100 Mn in Series C round led by Temasek

Shortpedia

Content Team
Image Credit: free press journal

Neobanking startup Open has raised $100 million in its Series C round. The round led by Temasek was joined by Google and SBI Investment and saw participation from existing investors Tiger Global and 3one4 Capital. Open plans to use the funding to further strengthen and accelerate its new product lines, said the company in a statement. It further added that it will expand its base to 5 million SMEs and expand to global markets.