About BANKINGSTACK
BANKINGSTACK is a Financial Services company based in Bengaluru (India) founded in 2017 by Deena Jacob, Ajeesh Achuthan, Anish Achuthan, and Mabel Chacko. Digital banking solutions are provided by BANKINGSTACK for financial institutions. It operates on a FinTech and SaaS (Software-as-a-Service) model. The company has 373 employees. Its chief executive, as recorded, is Anish Achuthan. Its Indian entity Open Financial Technologies Private Limited reported revenue of ₹58.14 Cr. BANKINGSTACK offers products and services including SME Banking, Consumer Banking, and Embedded Finance. Its focus areas include Fintech and Digital Banking. Its competitors include Comviva, Infibeam Avenues and Aurionpro; 1 of its 3 listed competitors has raised funding.
Company details
BANKINGSTACK, a cloud-native fintech OS, is utilized by banks and financial institutions to accelerate digital banking innovation. Solutions are offered for niche segments such as SMEs, startups, D2C businesses, and freelancers. Engagement is deepened through tailored products and value-added services. New revenue streams like subscription fees and alternate lending are unlocked. Sectors served include SME banking, consumer banking, and embedded finance, with automation reducing costs and increasing deposits and transaction volumes.
- Headquarters Bengaluru, India
- Employees 373
- Founders Deena Jacob, Ajeesh Achuthan, Anish Achuthan, Mabel Chacko
- SectorsFinancial Services
- Website bankingstack.com
- Legal Name Open Financial Technologies Pvt Ltd
- Date of Incorporation 19 May, 2017
- Jurisdiction Bengaluru, Karnataka, India
- Annual Revenue₹58.14 Cr
FY 2025 · +26% YoY
- Net Loss-₹109 Cr
FY 2025 · -187% margin
- EBITDA-₹96.31 Cr
FY 2025 · -166% margin
- Employee Count373
Associated legal entities of BANKINGSTACK
BANKINGSTACK operates through Open Financial Technologies Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Open Financial Technologies Private Limited CIN U67200KA2017PTC166507 | Active | 19 May 2017 | Bengaluru, Karnataka | ₹58.1 Cr | 373 | 8 | View details |
Products & Services of BANKINGSTACK
BANKINGSTACK offers a comprehensive portfolio of products and services, including SME Banking, Consumer Banking, and Embedded Finance.
Automated banking suite is provided for small businesses.
Personalized banking solutions are offered for various demographics.
Low-code platform is delivered for integrated financial services.
Board of directors of Open Financial Technologies Private Limited (BANKINGSTACK)
Open Financial Technologies Private Limited is the primary company behind BANKINGSTACK. The board of Open Financial Technologies Private Limited currently have 6 directors; the longest-serving is Ajeesh Achuthan, appointed in 2017. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ajeesh Achuthan DIN 07948982 | Director | 17 Oct 2017 | 9 yrs | Open Financial Technologies Private Limited |
| Deena Jacob DIN 06552579 | CFO | 15 May 2018 | 8 yrs 5 mo | Open Financial Technologies Private Limited |
| Anish Achuthan DIN 02853403 | Director | 27 Aug 2018 | 8 yrs 2 mo | Open Financial Technologies Private Limited |
| Bhaskar Majumdar DIN 02131404 | Nominee Director | 20 Apr 2019 | 7 yrs 6 mo | Open Financial Technologies Private Limited |
| Mabel Annie Chacko DIN 02853367 | Director | 22 Sep 2021 | 5 yrs 1 mo | Open Financial Technologies Private Limited |
| Mohit Naresh Bhandari DIN 02528942 | Nominee Director | 04 Apr 2022 | 4 yrs 7 mo | Open Financial Technologies Private Limited |
People of BANKINGSTACK
4 people are tracked at BANKINGSTACK (4 in leadership); the tracked headcount is 373.
| Name | Role | Group |
|---|---|---|
| Co-Founder & CFO | Leadership | |
| Co-Founder & CTO | Leadership | |
| Co-Founder & CEO | Leadership | |
| Co-Founder & COO | Leadership |
Complete people profiles for BANKINGSTACK
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Financials of BANKINGSTACK
Figures of Open Financial Technologies Private Limited, the primary company behind BANKINGSTACK, for FY 2025. Revenue was ₹58.14 Cr (+26% year on year). Net loss was -₹109 Cr (-187% margin). EBITDA was -₹96.31 Cr (-166% margin). Revenue has grown at a compounded annual rate of +13% over three years and +46% over five years.
- ₹58.14 CrRevenue · FY 2025 · +26% YoY
- -₹109 CrNet loss · -187% margin
- -₹96.31 CrEBITDA · -166% margin
- 373Employees (provident fund records)
- +13%Revenue CAGR, 3 years
- +46%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Open Financial Technologies Private Limited are on its company page.
Detailed financial statements for BANKINGSTACK
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Competitors of BANKINGSTACK
BANKINGSTACK has 3 listed competitors in our database, 1 of them funded. They include Comviva, Infibeam Avenues and Aurionpro.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| comviva.com | 1999 | Gurugram, India | $13.5M | 2,283 | Software platforms for telecommunications, digital payments, and experiences are provided. | |
| ia.ooo | 2007 | Gandhinagar, India | 642 | Digital payment solutions and enterprise software platforms are provided. | ||
| aurionpro.com | 1997 | Mumbai, India | 2 | Loan and cash management solutions are provided for banks. |
Detailed competitors of BANKINGSTACK
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Related news about Bankingstack
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Frequently Asked Questions about BANKINGSTACK
BANKINGSTACK was founded in 2017.
BANKINGSTACK is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Anish Achuthan is the CEO of BANKINGSTACK, as recorded in our data. They have also founded this company.
BANKINGSTACK has 373 employees.
The primary company behind BANKINGSTACK, Open Financial Technologies Private Limited, reported revenue of ₹58.14 Cr for FY 2025, up 26% year on year.
BANKINGSTACK, a cloud-native fintech OS, is utilized by banks and financial institutions to accelerate digital banking innovation. Solutions are offered for niche segments such as SMEs, startups, D2C businesses, and freelancers. Engagement is deepened through tailored products and value-added services. New revenue streams like subscription fees and alternate lending are unlocked. Sectors served include SME banking, consumer banking, and embedded finance, with automation reducing costs and increasing deposits and transaction volumes.
BANKINGSTACK's top competitors include Comviva, Infibeam Avenues and Aurionpro.
BANKINGSTACK offers SME Banking, Consumer Banking, and Embedded Finance.
BANKINGSTACK operates through Open Financial Technologies Private Limited.
The legal entities of BANKINGSTACK currently have 6 directors, including Mabel Annie Chacko, Anish Achuthan, Ajeesh Achuthan and others.