Open, an India-based Neobank, recently acquired Finin, a India-based consumer facing neobank, for $10M. The acquisition comes after Open raised $100M in an October funding round led by Temasek, current investors Tiger Global and 3one4 Capital, as well as Google, Visa and SBI Investment, PYMNTS reported. The acquisition will grant Open the ability to co-create new consumer credit offerings with Visa, including real-time payments and business credit cards for startups.
Indian neobank Open buys Finin for $10M
