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Business Banking & Payments
Open
Indian connected-banking platform unifying banking, payments, and accounting for SMBs.
Spec sheet
Starting price
Custom
- Free plan
- Not available
- Free trial
- Not listed
- Status
- Source checked 14 Jul 2026
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Claim this listingFindThatSoftware verdictEditorial ruling
A useful option for Indian SMBs that want banking, payments, and reconciliation unified rather than juggling a bank portal and separate tools. As a partner-bank platform, confirm which banking features and limits apply.
Read the full verdict
Verify current pricing and account terms on the official site.
FindThatSoftware has source-checked this listing and keeps 2 public sources visible for buyer verification.
In short
Open is listed under Business Banking & Payments, reviewed for Indian buyers. It issues an India GST invoice, so you can claim input credit. FindThatSoftware rates it best for Indian SMBs unifying banking + payments; a poor fit for founders who want to sign up today and see value the same week, since every plan needs a scoping call first.
What Open costs in India
The rupee price a business actually pays, after the card forex markup, with GST shown both ways.
True India price
What actually changes for a buyer in India.
- Watch for
- Connected-banking & finance-ops platform with Essential, Growth and Enterprise tiers, but every tier is custom-quoted by sales based on setup, volume and integrations.
More
No public price.
Paying for more than Open? See your whole stack's real India cost and where you could switch to save.
Audit your spendWho Open fits
What it is, what you gain, what you give up, and who should look elsewhere.
What is Open?
Open is an Indian connected-banking platform that brings business banking, payments, payouts, and accounting automation into one dashboard via partner banks. It targets Indian SMBs and startups that want to manage money movement and reconciliation in one place.
What you gain, and what you give up.
The case for
- Built for the Indian stack, with connectivity across 40 plus Indian banks and integrations into Tally, Zoho, SAP, NetSuite and Oracle.
- GST work is part of the product rather than a bolt-on, covering GSTR-1, GSTR-3B, GSTR-9 filings and input tax credit reconciliation.
- One screen consolidates balances, statements and approvals across multiple entities, which multi-bank groups otherwise stitch together in spreadsheets.
The catch
- No prices are published anywhere, all three plans route to a sales call, so you cannot compare Open against alternatives before committing time.
- Pricing is shaped by six separate variables including support model and automation depth, meaning two similar companies land on different numbers.
- The pricing page promises no surprise pricing while showing no rupee figure at any tier, which is a claim you cannot check.
- Getting started is an implementation project covering bank account setup, user access, approval flows, integrations and team training rather than a signup.
Best for
- Indian SMBs unifying banking + payments
- Startups wanting reconciliation automation
- Finance teams centralizing money movement
Who should avoid it
- Founders who want to sign up today and see value the same week, since every plan needs a scoping call first.
- Single-bank businesses, because most of the value is consolidating balances and reconciliation across many banks, accounts and legal entities.
India readiness
How well Open fits an Indian business operationally, from the verified pricing and company facts we hold.
- ✓GST invoice
Issues a GST-compliant invoice, so a registered business can reclaim input tax.
- ✓Bills in INR
Priced in rupees, so there is no forex conversion or card markup on top.
- ✓India HQ
India-headquartered, so support, timezone, and context are local.
Compare Open
How it stacks up on what we verified, the tools buyers weigh it against, and where it appears in our guides.
How Open compares
Against the 2 other business banking tools we list, from what we verified on each vendor’s own pages.
Also in most alternatives
Recorded for at least half of the 2 others, and for Open.
- Bulk payouts
- Invoice ocr
This compares only the capabilities enough rival tools share for a comparison to mean anything, roughly a quarter of what we verified. The full list is under “What we verified” below, and anything absent from both is something we did not record rather than something the product lacks.
Similar tools to Open
Compare practical options in the same category by price, fit, and caveats.
What we verified about Open
Read from Open’s own pages. Each line is a finding and what it was based on, so you can check any of it yourself.
What Open does
Features we confirmed41
- UPI collections
- Accept payments through UPI alongside cards and netbanking
- Three way match
- Three-way match of PO, GRN and bank in seconds
- Role based access control
- Operating controls list role-based access and permissions
- Payment links
- Collections accepted via payment links and virtual accounts
- Neft rtgs imps payouts
- Payout rails explicitly listed as NEFT, RTGS, IMPS
- Invoice ocr
- Payables workflow includes invoice OCR extraction
- GST return filing
- GSTR-1, 3B and 9 filed inside the banking screen
- Bulk payouts
- Single or bulk payouts across forty plus banks
- Accounts payable workflow
- Growth plan adds accounts payable workflows
- AI transaction categorisation
- Growth plan adds AI-powered transaction categorisation
- Approval matrix and limits
- Enterprise plan adds an advanced approval matrix
- Audit trail logging
- Every action logged with full audit trail
- Automated sweeps and fd laddering
- Treasury automates sweeps and fixed deposit laddering
- Bank to book reconciliation
- Books module reconciles bank to ledger continuously
- Beneficiary validation
- Validate beneficiaries before money moves out
- Corporate card spend control
- Agentic spend control on corporate cards teams already carry
- Cross border inbound payments
- Collect from global customers in USD, EUR, GBP
- Cross border outbound payments
- Pay suppliers and group entities internationally with approvals
- Custom agent building
- Teams can create custom agents for their finance SOPs
- Escrow account management
- Escrow and cash management gives bank-level segregation
- Exception flagging
- Agents flag exceptions and track them for resolution
- Fira firc document retrieval
- FIRA auto-fetched post-settlement, plus eFIRA and FIRC
- Form 15ca 15cb esigning
- Form 15CA and 15CB e-signed inside the payment workflow
- Input tax credit reconciliation
- Compliance module handles ITC reconciliation against GSTR-2A
- Live fx rate visibility
- Live FX rates, fees and expected INR settlement shown
- Maker checker approvals
- Operating controls include maker-checker and approval flows
- Marketplace settlement reconciliation
- D2C solution reconciles marketplace settlements and auto-claims TCS
- Multi bank account aggregation
- Connects every account and entity across 40+ Indian banks
- Multi entity consolidation
- One screen covers multiple entities and business units
- Natural language ledger queries
- Smart Ledger answers plain-English queries over your books
- POS settlement reconciliation
- Retail solution reconciles channels, settlements and POS
- Prebuilt finance agents
- Recon, receivables, payables, treasury and compliance agents ship built-in
- Purpose code automation
- Purpose code auto-set on outbound international payments
- Receivables chasing automation
- Receivables agent chases owed money and tracks promise-to-pay
- Rera escrow support
- Real estate solution names RERA escrow and project-wise position
- Runway tracker
- Startup solution includes a founder-led runway tracker
- TDS mismatch flagging
- Compliance agent flags GST, TDS, ITC and vendor mismatches
- Thirteen week cash forecast
- Treasury gives live position and 13-week forecast
- Transaction tagging at source
- Smart Statement tags every transaction at source
- Vendor KYC and GST verification
- Vendor onboarded with KYC and GST verified in minutes
- Virtual accounts
- Virtual accounts listed under escrow and cash management
What people use it for3
- Pay vendors with approvals
- Vendor batch payouts route through maker-checker-approver chain
- File GST returns
- GSTR-1, 3B and 9 filed inside the product
- Reconcile across many bank accounts
- One enterprise runs 1,800 plus bank accounts reconciled
Works with11
- Zoho
- Mid-market solution described as Tally and Zoho native
- Tally
- FAQ names Tally among supported accounting integrations
- State bank of india
- Homepage lists SBI among connected Indian banks
- Sap
- FAQ names SAP among supported ERP integrations
- Oracle
- FAQ names Oracle among supported ERP integrations
- Netsuite
- FAQ names NetSuite among supported ERP integrations
- Microsoft dynamics
- FAQ names Microsoft Dynamics among supported ERP systems
- Icici bank
- Homepage lists ICICI among connected Indian banks
- Hdfc bank
- Homepage lists HDFC among connected Indian banks
- Axis bank
- Homepage lists Axis among connected Indian banks
- Hsbc
- Homepage lists HSBC among connected banks
Terms, compliance and how you buy29
- SOC 2 certified
- Certifications block lists SOC 2 Type II
- RBI licensed payment aggregator
- Certifications list RBI-licensed PA and Payment Aggregator terms
- PCI DSS certified
- Certifications and licences block lists PCI DSS
- No self serve signup
- Only Sign in and Book a demo, no self-signup
- ISO 27001 certified
- Certifications block lists ISO 27001
- INR billing
- Indian entity billing in rupees per our catalogue data
- GST ready
- Indian company issuing GST invoices per our data
- Demo led sales
- Every path leads to Book a demo or scoping call
- AI native positioning
- Headline reads AI-Native Corporate Internet Banking throughout
- Bharat connect participant
- Footer carries Bharat Connect terms and conditions
- Dedicated success manager on enterprise
- Enterprise plan includes a dedicated success manager
- DPDP act aligned
- Certifications list DPDP Act 2023 alongside GDPR
- Enterprise and midmarket oriented
- Positioned for CFOs, multi-entity groups and audit-grade governance
- Founded 2017
- Company page states founded 2017 building neobanking OS
- Human approval required for money movement
- Guardrail states agents propose, humans approve every rupee
- Implementation project not signup
- Implementation covers bank setup, access, integrations and training
- India built
- Open Financial Technologies Private Limited, founded 2017 in India
- India resident infrastructure
- Operating controls list India-resident infrastructure explicitly
- Large installed base
- Claims 50,000 plus finance teams and $40B annualised volume
- Modular start with one workflow
- FAQ says many teams begin with one workflow
- No bank or ERP replacement required
- Connects existing banks and ERPs without replacing them
- No published price
- Pricing page shows no rupee figure at any tier
- Ppi licence
- Separate T&C for PPI and PPI grievance policy published
- Pricing shaped by six variables
- Six dimensions decide your plan including support model
- Quote only pricing
- All three tiers route to talk to sales
- Tier one investors
- Backed by Google, Visa, Temasek and ICICI Bank
- Unicorn status
- About page claims India's 100th unicorn status
- Value requires multiple banks
- Most value comes from consolidating across many banks
- Vertical solution pages
- Solutions split across D2C, manufacturing, healthcare, hospitality, real estate
Source trail
Pricing and free-plan claims can change. FindThatSoftware keeps source URLs visible so users can verify before buying.
Verified against the sources above. How we research & rate software →
Open questions
Does Open give a GST invoice in India?
- Open issues an India GST invoice, so a GST-registered business can claim input tax credit on it directly.
Is Open good for Indian small businesses?
- It suits Indian SMBs unifying banking + payments. It bills in rupees and issues a GST invoice, so a registered business claims the GST back. It is not the right pick for founders who want to sign up today and see value the same week, since every plan needs a scoping call first.
Does Open have a free plan?
- Open does not list a permanent free plan in FindThatSoftware data. Check the official pricing page for trial terms and current offers.
What users say
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