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.
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Impact Diary's answer:
Our primary audience consists of individuals who work on their computers and seek to stay consistent and productive with their goals. They want a tool they can use forever to grow their knowledge, complete tasks, and continually make progress.
Impact Diary's answer:
I, (Filip, Founder of Impact Diary) couldn't find a tool that seamlessly combined note-taking, task management, and journaling into one simple app to help me build knowledge, complete tasks, and progress toward my goals. So I created Impact Diary to do exactly that—focusing on user experience and privacy to ensure the tool is simple, effective, and can be used independently forever.
Impact Diary's answer:
Impact Diary was built using React and Electron on the frontend, and Node.js on the backend.
Impact Diary's answer:
Impact Diary is a comprehensive productivity tool that combines note-taking, task tracking, and journaling into one simple app. It’s designed for lifelong use, with all your data stored only on your device, ensuring privacy, ownership and eliminating dependence on us or other external companies. Best of all, it can be used for free, forever, without any limitations.
Impact Diary's answer:
Advantages over Notion: Way simpler UI, all user data is only stored locally on their device - providing significantly faster load time, fully functional offline mode and complete privacy of their data
Advantages over Obsidian: Dedicated features for task tracking and journaling - not just note-taking, with cheaper end-to-end encrypted device syncing compared to Obsidian Sync
Advantages over Reflect: Free to use forever (not even required to sign up), has better task tracking, with a cheaper syncing plan
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.
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.
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.
I was using Obsidian before, but the task tracking in Impact Diary was what made me switch. Great app!
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.
Has anyone used open.money for banking purpose? Source: over 1 year ago
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