Software Alternatives, Accelerators & Startups

Open.money VS Business Banking APIs by Decentro

Compare Open.money VS Business Banking APIs by Decentro and see what are their differences

Open.money logo Open.money

Open is a connected banking platform for business payments that simplifies the process of sending, receiving, and reconciling payments for businesses.

Business Banking APIs by Decentro logo Business Banking APIs by Decentro

Perform any banking functions on top of corporate accounts
  • Open.money Landing page
    Landing page //
    2023-09-18

Founded in 2017, OPEN is a business payments platform that empowers SMEs, startups and freelancers to manage everything from accounts payables, accounts receivables, to auto-reconciliation, accounting, expense management, compliance and payroll in one single platform. Today the platform powers more than 40 lakh SMEs and processes over USD 30 billion in annualized transactions. The platform also adds over 100,000 SMEs every month, making it the fastest-growing platform in this space globally.

In May 2022, OPEN raised its Series D round and became the 100th Unicorn from India. OPEN is backed by leading global investors like IIFL Finance, Temasek, Google, Visa, Tiger Global, Beenext, Recruit Strategic Partners, 3one4 Capital, Speedinvest, Tanglin Venture Partner Advisors, Angellist, Unicorn India Ventures, to name a few and has raised over USD190 million in funding to date.

  • Business Banking APIs by Decentro Landing page
    Landing page //
    2023-02-06

Business Banking APIs empower any aggregator, platform, neobank, or marketplace to easily perform banking functions on top of their existing corporate accounts or enable the same for their customers. This integration is one of the first in the ‘Business Banking as a Service (BaaS)’ category in India, making Decentro one of the category’s forerunners. We have gone live with ICICI Bank as the first partner bank and will be adding many more in the coming months.

** Round-the-clock uninterrupted money transfer: The Bank customers can transact bulk funds easily, even on bank holidays, just by linking their business account with Decentro. ** Adding Beneficiaries, hassle-free: Decentro’s Payouts enables customers to add beneficiaries instantly and transfer funds at once, minus any cooling period or account activation. ** Automated & full-reconciled collections: Easily generate virtual accounts & UPI IDs dynamically on top of existing accounts for buyers, SMEs, and merchants. ** Cashflow management & automated payouts: Bank customers can integrate their dashboard or ERP with Decentro’s Payouts via the partner banks to activate payments. Ergo, users no longer will be caught in the endless loop of ERP & banking apps for payments.

Open.money

Website
open.money
$ Details
freemium $81.52 / Annually
Platforms
Browser Android iOS
Release Date
2017 May
Startup details
Country
India
State
Karnataka
City
Bengaluru
Founder(s)
Ajeesh Achuthan
Employees
250 - 499

Business Banking APIs by Decentro

Pricing URL
-
$ Details
-
Platforms
-
Release Date
2021 February

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Business Banking APIs by Decentro videos

Business Banking APIs by Decentro

Category Popularity

0-100% (relative to Open.money and Business Banking APIs by Decentro)
Online Payments
31 31%
69% 69
Accounting & Finance
100 100%
0% 0
APIs
0 0%
100% 100
Recurring Billing
100 100%
0% 0

User comments

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Reviews

These are some of the external sources and on-site user reviews we've used to compare Open.money and Business Banking APIs by Decentro

Open.money Reviews

  1. Great app

    Overall, I highly recommend Open to fellow entrepreneurs and business owners. The platform offers a comprehensive set of features that streamlined my financial operations. Open provides tools for tracking expenses, invoicing clients, and managing cash flow. The user-friendly interface makes it easy to navigate and access the necessary information efficiently. The ability to connect multiple bank accounts and view consolidated financial data in one place has saved me a tremendous amount of time and effort. However, I do miss the founder's One Card, which was a valuable addition to the platform. I hope that Open considers relaunching it soon, as it provided convenience and enhanced control over business expenses.

  2. Simplifies transactions and exceptional support

    I have been utilizing Open for my business transactions, and it has been an incredible experience. It seamlessly integrates with my existing systems, making the payment process straightforward. I feel extremely secure using it, and whenever I have had inquiries, their customer support has been exceptionally helpful. Open provides a variety of payment options, which has significantly contributed to the growth of my business. Overall, my experience with Open has been exceptional.

  3. Effortless Financial Tracking with Open's Digital Dashboard

    The open digital dashboard provides the summary of my account balances, payables, and receivables, making it easy to track my finances. Moreover, the beneficiary management feature simplifies handling recipients, ensuring seamless and efficient transactions. I enthusiastically recommend it to anyone seeking to streamline their financial management.

Business Banking APIs by Decentro Reviews

We have no reviews of Business Banking APIs by Decentro yet.
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Social recommendations and mentions

Based on our record, Open.money seems to be more popular. It has been mentiond 1 time since March 2021. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

Open.money mentions (1)

  • open.money bank reviews
    Has anyone used open.money for banking purpose? Source: about 1 year ago

Business Banking APIs by Decentro mentions (0)

We have not tracked any mentions of Business Banking APIs by Decentro yet. Tracking of Business Banking APIs by Decentro recommendations started around Mar 2021.

What are some alternatives?

When comparing Open.money and Business Banking APIs by Decentro, you can also consider the following products

Razorpay - Payment gateway solution for India with robust, developer friendly API and simple economic pricing.

Bendigo Banking App - Internet Banking. Designed for now.

Stripe - Online payment processing for internet businesses. Stripe is a suite of payment APIs that powers commerce for online businesses of all sizes. Use Stripe’s payment platform to accept and process payments online for easy-to-use commerce solutions.

Zoho Books - Smart Accounting for Growing Business

ZOOPSTACK - The fastest and most advanced platform promising reduced customer drop-offs, frictionless, and successful onboarding journeys. Execute business in a fraud-proof way.

GoSolo - Smart business banking for SMEs in the UK