New Delhi, Feb. 1 -- In India, the neo banks segment is rising as with a $90 million funding last year. Currently, there are 10 neo banks in India while some more are expected to start their operations soon. Open is one of them.

The sector has great potential as it has more flexibility than conventional banking. It is advanced, digitally savvy and convenient. As these banks are fully digital, their main focus is based on the key areas of their partnership with the banks. With the advent of Neo banks, SMEs and Startups have disrupted the financial automation space. Read the story of the neo banking startup, Open, from Mabel Chacko, Co-founder & COO.

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