About Open Co
Open Co is a company based in Sao Paulo (Brazil) founded in 2021.. Open Co has raised $115 million across 3 funding rounds from investors including Goldman Sachs, International Finance Corporation and SoftBank Latin America Fund. Open Co has completed 2 acquisitions, including BizCapital and BoletoFlex. Open Co operates in a competitive market with competitors including LeaseAccelerator, FinBox, Turnkey Lender, Veefin and Linedata, among others.
- Headquarter Sao Paulo, Brazil
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Sectors
Financial Services
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Email
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Phone
*********
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$115 M (USD)
in 3 rounds
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Latest Funding Round
$2.64 M (USD), Debt – Conventional
Feb 20, 2024
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Investors
Goldman Sachs
& 4 more
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Employee Count
Employee Count
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Investments & Acquisitions
BizCapital
& 1 more
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Funding Insights of Open Co
Open Co has successfully raised a total of $115M across 3 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $2.64 million completed in February 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Debt – Conventional — $2.6M
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First Round
First Round
(19 Apr 2021)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Feb, 2024 | Amount | Debt – Conventional - Open Co | Valuation |
investors |
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| Dec, 2021 | Amount | Series D - Open Co | Valuation | SoftBank Latin America Fund | |
| Apr, 2021 | Amount | Debt – Conventional - Open Co | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Open Co
Open Co has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Goldman Sachs, International Finance Corporation and SoftBank Latin America Fund. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital is invested in multiple sectors by the fund.
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Founded Year | Domain | Location | |
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IFC is focused on private sector development in emerging markets.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Open Co
Open Co has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include BizCapital and BoletoFlex. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Online payments are processed by BoletoFlex for stores and individuals.
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2019 | ||||
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Business loans are facilitated via an online platform.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Open Co
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Open Co Comparisons
Competitors of Open Co
Open Co operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as LeaseAccelerator, FinBox, Turnkey Lender, Veefin and Linedata, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based lease accounting and management solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Developer of digital credit infrastructure and risk intelligence suite
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| domain | founded_year | HQ Location |
AI-driven loan origination and management software is provided for lenders.
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| domain | founded_year | HQ Location |
SaaS-based supply chain financing solutions are delivered globally.
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| domain | founded_year | HQ Location |
Software, data, analytics, and services are provided to financial institutions.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Open Co
Frequently Asked Questions about Open Co
When was Open Co founded?
Open Co was founded in 2021.
Where is Open Co located?
Open Co is headquartered in Sao Paulo, Brazil.
Is Open Co a funded company?
Open Co is a funded company, having raised a total of $115M across 3 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $270M, raised on Apr 19, 2021.
What does Open Co do?
Open Co was founded in 2021 in Sao Paulo, Brazil, within the fintech sector. Loan lifecycle management software is provided to financial institutions, supporting processes from origination to servicing. Key products include Gerua, an online platform used for consumer and business loans, and Rebel, an AI tool applied to analyze customer financial histories. Operations focus on digital solutions for lending efficiency in emerging markets.
Who are the top competitors of Open Co?
Open Co's top competitors include FinBox, Finley and LeaseAccelerator.
How many acquisitions has Open Co made?
Open Co has made 2 acquisitions, including BizCapital, and BoletoFlex.
Who are Open Co's investors?
Open Co has 5 investors. Key investors include Goldman Sachs, International Finance Corporation, SoftBank Latin America Fund, Raiz Investimentos, and LTS.
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