Priyanka Iyer / Moneycontrol:
India-based Open, a neobanking service for SMBs, raises a $50M Series D led by IIFL Finance at a $1B valuation — Neobanking platform Open has raised $50 million at a valuation of $1 billon, doubling its valuation from $500 million during its last fundraise in October 2021.
