Neobank Open has raised $62-M from Temasek, Google: report

Bengaluru-based Neobanking platform Open Financial Technologies has raised INR 455.7 crore (about $62 million) from new investors Temasek (via Arvon Investments) and Google (via Google International) with participation from existing investors such as Tiger Global and 3ONE4 Capital. Temasek has put in $35 million followed by Google ($15 million), Tiger Global ($7.5 million) and 3ONE4 ($5 million). Open offers digital banking services such as current account services, credit cards, debit cards, payments, accounting and expense management in partnerships with banks for startups and small and medium enterprises (SMEs).