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Open Money
  1. Open Money

Open Money-logoOpen Money-logo
Open Money

Open Money - Financials, Revenue, P&L Statement, Balance Sheet, Cash Flow & More

Private
Open Financial Technologies Private Limited
Private
Open Financial Technologies Private Limited
2017
2017

Founded in 2017, Open Money is a fintech company offering a payments management platform. The unicorn initially focused on providing digital business banking services, including automated accounting, ...

Funding stage:

Series D

Last funding:

01/05/2022

Total funding:

$280.68 Mn+

Revenue:

₹46.1 Cr++ (FY24)

Investors

Employee count:

444

Last 90d

444

Last 90d

Web traffic:

47.93K

47.93K

Last 30d

Last 30d

Open Money: Financial Breakdown

Decoding financial health metrics of Open Money

  • total_revenue_logo
    Total Revenue
    ₹46.1 Cr+
    -14%

    Prev. FY

  • total_expenses_logo
    Total Expenses
    ₹192.0 Cr+
    -36%

    Prev. FY

  • profit_after_tax_logo
    Profit After Tax
    ₹-168.5 Cr+
    30%

    Prev. FY

  • total_assets_logo
    Total Assets
    ₹346.9 Cr+
    -34%

    Prev. FY

  • net_profit_margin_logo
    Net Profit Margin
    -365.2%
    20%

    Prev. FY

Note: Above mentioned stats are for FY23-24

FAQs on Financials of Open Money

No. In FY24, Open Money reported a net loss of ₹169.7 Cr+, so it was not profitable.

Open Money's revenue declined 13.2% year-on-year, from ₹53.1 Cr+ in FY23 to ₹46.1 Cr+ in FY24.

Open Money's estimated EBITDA for FY24 was ₹-143.1 Cr+, derived from its profit before tax, finance costs, and depreciation & amortisation.

In FY24, Open Money posted revenue of ₹46.1 Cr+ (down 13.2% YoY) and a net loss of ₹169.7 Cr+. Explore the full financials of Open Money here...

Disclaimer

Inc42 Datalabs consolidates intelligence from public records, statutory filings, proprietary research, and vetted third‑party datasets. All information is provided as is—please run your own checks before acting on it. Inc42 Datalabs bears no responsibility for decisions or outcomes based on this data.

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