About Open Financial Technologies
Open Financial Technologies is a company based in Hyderabad (India). Open Financial Technologies has raised $120.51 million across 7 funding rounds from investors including Google, Visa and Angel List. The company has 373 employees as of January 13, 2025. Open Financial Technologies operates in a competitive market with competitors including Speqta GST, Optotax, MyGSTCafe, Taxblock and GST Referencer, among others.
- Headquarter Hyderabad, India
- Employees 373 as on 13 Jan, 2025
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Sectors
Technology
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Phone
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Website
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Social
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- Legal Name Open Financial Technologies Private Limited
- Date of Incorporation 19 May, 2017
- Jurisdiction Bengaluru, Karnataka, India
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Annual Revenue
$5.39 M (USD)-13.18as on Mar 31, 2024
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Net Profit
-$19.82 M (USD)29.94as on Mar 31, 2024
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EBITDA
-$16.74 M (USD)38.79as on Mar 31, 2024
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Total Equity Funding
$120.51 M (USD)
in 7 rounds
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Latest Funding Round
$12.64 M (USD), Series C
May 30, 2022
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Investors
Google
& 20 more
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Employee Count
373
as on Jan 13, 2025
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Funding Insights of Open Financial Technologies
Open Financial Technologies has successfully raised a total of $120.51M across 7 strategic funding rounds. The most recent funding activity was a Series C round of $12.64 million completed in May 2022. 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.
Investors in Open Financial Technologies
Open Financial Technologies has secured backing from 21 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Google, Visa and Angel List.
| Investor | Description | Founded Year | Domain | Location |
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Early-stage venture capital fund
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Venture capital investments in technology sectors like SaaS and Fintech in India.
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Early-stage venture capital and startup acceleration are provided.
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Investor details for Open Financial Technologies
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Investments & Acquisitions by Open Financial Technologies
Investment portfolio details for Open Financial Technologies
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Financial Statements - Open Financial Technologies
Detailed financials for Open Financial Technologies
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Open Financial Technologies Comparisons
Peer comparison for Open Financial Technologies
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Competitors of Open Financial Technologies
Open Financial Technologies 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 Speqta GST, Optotax, MyGSTCafe, Taxblock and GST Referencer, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Provides GST compliance software for filing returns and tax reconciliation.
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Platform for GST return filing and reporting for tax professionals.
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Software for GST return filing, data upload, and automations for tax experts.
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Provider of tax compliance and consulting services
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Offers tax compliance tools designed for tax professionals.
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Detailed competitors of Open Financial Technologies
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Latest news on Open Financial Technologies
Complete news archive for Open Financial Technologies
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Frequently Asked Questions about Open Financial Technologies
Open Financial Technologies is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Open Financial Technologies is a funded company, having raised a total of $120.51M across 7 funding rounds to date.
As of Jan 13, 2025, the latest employee count at Open Financial Technologies is 373.
Annual revenue of Open Financial Technologies is $5.39M as on Mar 31, 2024.
Open Financial Technologies gst return filing and reporting tool for tax professionals, focusing on innovating financial technology, finance accounting tech, tools for finance professionals, and tax professionals. It serves clients with dedicated solutions, emphasizing quality, innovation, and sustainable growth in its core markets.
Open Financial Technologies's top competitors include Optotax, Taxblock and Speqta GST.
Open Financial Technologies has 21 investors. Key investors include Google, Visa, Angel List, IIFL Finance, and 3one4 Capital.