About OpenFinance Network
OpenFinance Network is a Technology company based in Chicago (United States) founded in 2017 by Juan M. Hernandez, and was acquired by Inversis in July 2023. Security token trading platform. Its chief executive, as recorded, is Juan M. Hernandez. Its focus areas include FinTech, Investment Tech, Alternative Investment Platforms and Private Companies. Its competitors include Forge Global, Linqto and Palico; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Chicago, United States
- Founders Juan M. Hernandez
- Stage Acquired
- SectorsTechnology
- Email••••••••
- Website openfinance.io
- Social LinkedIn X
- Acquired by Inversis (Jul 2023)
Funding Insights of OpenFinance Network
- Total Rounds 1
- Investors Count 1
All 1 funding rounds of OpenFinance Network with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug 2018 | Series A | – | – |
3 investors in total: 3 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Delivers comprehensive solutions for asset finance services. | 2013 | huobigroup.com | Seychelles | |
Financial services are provided from Madrid, Spain. | 2000 | inversis.es | Madrid, Spain | |
Automated trading platform for cryptocurrencies and derivatives is operated. | 2010 | inx.co | Gibraltar, Gibraltar |
Investor details for OpenFinance Network
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People of OpenFinance Network
3 people are tracked at OpenFinance Network (1 in leadership, 2 in team).
| Name | Role | Group |
|---|---|---|
Juan M. Hernandez | Founder & CEO | Leadership |
Rosanna Crino-Sprague | Mortgage Broker | Team |
Tor Bair | Advisor | Team |
Complete people profiles for OpenFinance Network
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Competitors of OpenFinance Network
OpenFinance Network has 3 listed competitors in our database, 3 of them funded. They include Forge Global, Linqto and Palico.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| forgeglobal.com | 2012 | San Francisco, United States | $235M | 165 | Private equity investments are enabled via a digital marketplace. | |
| linqto.com | 2005 | Del Monte Forest, United States | $187.49M | 32 | Provider of investment platform for private market investors | |
| palico.com | 2011 | New York, United States | $7.3M | Private Equity fund marketplace. |
Detailed competitors of OpenFinance Network
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Top companies in Investment & Financial Technology
3 companies that operate in the same segment as OpenFinance Network (Investment & Financial Technology) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Commission-free trading and investment services are provided by Robinhood. | 2013 | Menlo Park, California, United States | USD 5.58 B | USD 2.98 B | 4,841 | |
Financial data and investment advisory tools are offered online. | 1984 | Chicago, Illinois, United States | USD 91 M | USD 351.25 K | 6 | |
App-based platform for spare change investment | 2012 | Irvine, California, United States | USD 587.84 M | 602 |
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Related news about Openfinance Network
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Frequently Asked Questions about OpenFinance Network
OpenFinance Network was founded in 2017 and raised its 1st funding round 1 year after it was founded.
OpenFinance Network is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Juan M. Hernandez is the CEO of OpenFinance Network, as recorded in our data. They have also founded this company.
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.
OpenFinance Network's top competitors include Forge Global, Palico and Linqto.
OpenFinance Network has 3 investors. Key investors include INX, Inversis, and Huobi Group.
Yes. OpenFinance Network was acquired by Inversis in July 2023.