Neobank Open Acquires GST Automation Startup Optobizz For $5 Mn
Shortpedia
Content Team
Image Credit: Inc42
Mengaluru-based neobanking platform Open has acquired GST and financial automation startup Optobizz for $5 Mn in a stock-plus-cash deal, that will see all 35 Optobizz employees joining the neobanking startup. Open claimed the deal would expand its MSME target customer base by over 800K from the current 1 Mn customers. The startup said it processes transactions worth $24 Bn annually.
