Software Alternatives & Reviews

Stripe Connect VS Open.money

Compare Stripe Connect VS Open.money and see what are their differences

Stripe Connect logo Stripe Connect

The payments platform for platforms

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.
  • Stripe Connect Landing page
    Landing page //
    2023-07-10
  • 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.

Stripe Connect videos

create a marketplace with stripe connect

Open.money videos

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Category Popularity

0-100% (relative to Stripe Connect and Open.money)
Recurring Billing
84 84%
16% 16
Online Payments
70 70%
30% 30
Payment Platform
84 84%
16% 16
Accounting & Finance
0 0%
100% 100

User comments

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Reviews

These are some of the external sources and on-site user reviews we've used to compare Stripe Connect and Open.money

Stripe Connect Reviews

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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.

Social recommendations and mentions

Based on our record, Stripe Connect seems to be a lot more popular than Open.money. While we know about 29 links to Stripe Connect, we've tracked only 1 mention of Open.money. 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.

Stripe Connect mentions (29)

  • Does this violate Stripe's ToS?
    Thanks for the feedback! I do apologize for the lack of information in my original post. Here's some additional color that hopefully clarifies my use case a bit more: Stripe offers a service called Stripe Connect (https://stripe.com/connect) which enables platforms to have intermediary sellers / merchants which collect money from end customers. Ultimately, this can lead to a scenario where an end customer pays a... - Source: Hacker News / 9 months ago
  • Accept PayPal as a payment method with Stripe in the EU, UK and Switzerland
    We recently made PayPal available as a payment method in the EU, UK, and Switzerland, so you can now offer an additional way for your customers to submit payments using their PayPal account. If you have a Connect account, first reach out to the support team to see if you’re eligible. If you’re a direct merchant, meaning you accept payments directly from consumers, let’s go through the steps to enable it. - Source: dev.to / about 1 year ago
  • Is there a way to pay out to clients through Stripe?
    You can do it with Stripe Connect https://stripe.com/connect. Source: 12 months ago
  • Stripe as payment gateway for a website like Amazon.
    Maybe Stripe Connect would be the best option for the services you are offering: https://stripe.com/connect. If you have any specific questions to your platform, our Sales Team will be happy to help you here: https://stripe.com/contact/sales. Source: 12 months ago
  • Creating a Direct Deposit Stripe system like Tasker by TaskRabbit
    Previously, our apps have required Sellers/Merchants/Taskers to follow the Stripe Connect flow which is quite extensive. Source: about 1 year ago
View more

Open.money mentions (1)

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

What are some alternatives?

When comparing Stripe Connect and Open.money, you can also consider the following products

PayPal - PayPal is the faster, safer way to pay online without sharing financial details, send and receive money or accept credit and debit cards as a seller

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

Chargebee - Chargebee lets you manage subscriptions and payments at scale, handle custom recurring billing scenarios, reduce subscription churn and simplify accounting.

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.

Sage Intacct - Intacct is a cloud-based accounting and financial management system that is designed for the businesses of all levels.

Zoho Books - Smart Accounting for Growing Business