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Open deck 2018 .pdf



Original filename: Open_deck_2018.pdf
Title: Open_deck_2018

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RECEIVING AND SENDING
PAYMENTS MADE EASY FOR
BUSINESSES
Digital banking service that helps businesses
Get paid, reconcile &payout automatically and
works with your existing bank account &
Accounting systems

Presenting

A powerful Digital Banking Service that makes managing
finance simple, easy and convenient for small businesses

FOUNDER PROFILE
Mabel Chacko
Co-founder & COO

Anish Achuthan
Co-founder & CEO

Serial entreprenuer & fintech innovator with

Serial entreprenuer & fintech innovator with 15 years

10 years experience building innovative

experience building innovative startups & part of leading

startups & part of leading fintech companies

fintech companies



VP ( New Initiatives) & Business Head ( SME) @ Payu India, VP (
@ Payu India, Head (Digital Sales & Growth) @ Citrus

New Initiatives) & Business Head ( SME) @ Citrus Payments


Payments

Co-founder & CEO of Zwitch Payments( Acquired by Citrus



Pay), Neartivity Wireless, Cashnxt ( Acquired by prepaid

Cashnxt

Deena Jacob (CFO & Head ( Revenue
& Growth)

Ajeesh Achuthan
CTO

15+years of experience in building and establishing finance

Passionate tech entreprenuer responsible for

teams from scratch for early stage startups and has handled

innovating Asia’s first tokenization based developer

three major VC funding rounds, a USD 200mn acquisition deal,

payment platform ( Zwitch) and the first contextual

due diligence and related senior stakeholder management.

payment platform in Asia for Citrus

CFO of Tapzo, Head ( Finance) of TaxiforSure and Head(
Finance) of Zansaar.com



Co-founder & COO of Zwitch Payments, Co-founder &
CMO of Neartivity Wireless, Co-founder & COO of

masters & Ifuturz wireless



Head ( Digital Marketing & Growth)



Sellfie ( Citrus Pay) and Payunow ( PayU)

Previously held roles as Vice-President at Amba Research and
Business Research Lead at E&Y

Formerely CTO of Zwitch Payments and lead engineering for



Previously founder & CTO of inloc8

INVESTORS

ART CAPITAL
Amrish Rau
MD & CEO, Payu India

Jitendra Gupta.
MD, Payu India

(Co-founder of Citrus Pay –Acquired

(Co-founder of Citrus

by PayU for 130 million USD)

Pay –Acquired by PayU
for 130 million USD

Betaplus Capital Partners
Apremaya Radhakrishnan
(Co-founder of TaxiforSure -Acquired
by OLA for 200 Million USD)

BANKING IS BROKEN FOR SMALL BUSINESSES

• Difficulty tracking and forecasting cash-flows
• Effectively managing account recievables & payables
• Dealing with multiple interfaces for accounting, payment
gateway and payroll
• Lack of online tools that help them plan their day to day
activities

DIGITAL PAYMENT ACCOUNT FOR SMALL BUSINESSES
OPEN RECIEVE
Automated tracking & reconciling of customer payments with
integrated invoicing, payment gateway and bank transfer

OPEN SEND
Automate payouts to vendors, contractors & employees with expense
tracking using APIs & Bulk payment transfer

OPEN RAILS

A digital payment account that automates
collections & payouts integrated with

APIs for integrating banking & payments into business workflows

powerful apps that makes managing
finance simple, easy and convenient for

OPEN+
OPEN+

small businesses.
Third party Apps that help you manage & grow your business

OPEN RECEIVE
Get paid and automate your recievables in 3 simple steps
Step 1
Request payments through built-in invoicing,
payment links or by importing invoices from
accounting systems through excel

Step 2
Get paid for the payment request bank transfers
( Unique bank account number for each client),
integrated online payment gateway, e-mandate
or cash / cheque to your OPEN account

Step 3
Seamlessly reconcile payments with your
accounting systems and move money to your
linked bank account

OPEN SEND
Automate account payables in 3 steps

OPEN SPENDCARD

Step 1
Upload or create payable invoices into Open
dashboard

Step 2
Send payments to clients using IMPS, NEFT or
RTGS

Step 3
Reconcile payouts automatically with
accounting systems

OPEN RAILS
APIs for Integrate banking into business workflows

Bankcollect API
Generate unique bank account numbers with IFSC code for collecting
payments through NEFT/IMPS or RTGS

Payout API

Prepaid Debit Cards API

Integrate payouts using NEFT / RTGS / IMPS to applications using APIs

APIs for creating, issuing and processing prepaid debit cards

Recurring billing API

Payment Gateway API

APIs for automating monthly subscriptions using e-mandate

Integrate online payments into your recievables


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