About OpenFinance Network
OpenFinance Network is a company based in Chicago (United States) founded in 2017 by Juan M. Hernandez was acquired by Inversis in July 2023.. OpenFinance Network operates in a competitive market with competitors including Forge Global, Linqto, Palico, tZERO and EquityBee, among others.
- Headquarter Chicago, United States
- Founders Juan M. Hernandez
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Sectors
Technology
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Email
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Phone
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Website
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Social
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Funding Insights of OpenFinance Network
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2018 | Amount | Series A - OpenFinance Network | 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 OpenFinance Network
OpenFinance Network has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include INX, Inversis and Huobi Group. 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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Delivers comprehensive solutions for asset finance services.
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Financial services are provided from Madrid, Spain.
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Automated trading platform for cryptocurrencies and derivatives is operated.
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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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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by OpenFinance Network
| 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 |
Financial Statements - OpenFinance Network
| 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 |
Openfinance Network Comparisons
Competitors of OpenFinance Network
OpenFinance Network 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 Forge Global, Linqto, Palico, tZERO and EquityBee, 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 |
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| domain | founded_year | HQ Location |
Private equity investments are enabled via a digital marketplace.
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Provider of investment platform for private market investors
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| domain | founded_year | HQ Location |
Private Equity fund marketplace.
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| domain | founded_year | HQ Location |
Private and digital securities are traded through an online platform.
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Secondary market investments in private startups are enabled for investors.
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| domain | founded_year | HQ Location |
Secondary market liquidity for pre-IPO investments is provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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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 Openfinance Network
Frequently Asked Questions about OpenFinance Network
When was OpenFinance Network founded?
OpenFinance Network was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Where is OpenFinance Network located?
OpenFinance Network is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Who is the current CEO of OpenFinance Network?
Juan M. Hernandez is the current CEO of OpenFinance Network. They have also founded this company.
What does OpenFinance Network do?
OpenFinance Network was founded in 2017 in Chicago, United States, as a regulated platform for security token trading within the alternative asset sector. Security tokens can be bought, sold, managed, and researched by users through the system. A decentralized securities depository has been developed for the industry, enabling a secondary market for non-listed alternative assets and token-based securities. The platform is powered by the OFN token.
Who are the top competitors of OpenFinance Network?
OpenFinance Network's top competitors include Forge Global, Palico and Linqto.
Who are OpenFinance Network's investors?
OpenFinance Network has 3 investors. Key investors include INX, Inversis, and Huobi Group.
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