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Open

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Open banking marketplace enabling seamless bank account openings for businesses.

Overview

Open operates within the open banking marketplace, facilitating connections between banks, financial service providers, and consumers. The platform utilizes APIs to enable secure financial data exchange, which supports the development of various financial products and services. Open focuses on assisting businesses, particularly non-residents, in opening bank accounts in Europe, specifically targeting the UK and EU markets. The company offers an online application process and support from banks to help foreign businesses navigate the complexities of account opening. The platform aims to improve financial accessibility for its users.

Key facts

Founded
2020

Business model

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About Open

What does Open do?

Open operates within the open banking marketplace, facilitating connections between banks, financial service providers, and consumers.

Where is Open headquartered?

Open is headquartered in London, United Kingdom.

When was Open founded?

Open was founded in 2020.

Which sector is Open in?

Open operates in Banking Technology, part of Financial Technology.

Who are Open's competitors?

Companies similar to Open include PorterPays, Payoro, and Money Money.