Asia Pacific Series with Chia Jeng Yang 谢征阳: Banking for SMEs in India with Open's Vaibhav Garg

11/02/2021 23 min Temporada 1 Episodio 118
Asia Pacific Series with Chia Jeng Yang 谢征阳: Banking for SMEs in India with Open's Vaibhav Garg

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Episode Synopsis


In this episode of Voice of FinTech: Asia Pacific Series, Chia Jeng Yang, Principal of Saison Capital based in Singapore, speaks to Vaibhav Garg, Head of Business Strategy for Open, an Indian SME focused neobanking platform. Vaibhav is the Head of Business Strategy at Open and was a founder of multiple companies (Boro, Zopper and IndieHaat), ex-Dalberg Global Advisors consultant and an Indian Institute of Technology (IIT) Bombay graduate.Open is an SME-focused business banking platform, founded by serial entrepreneurs Anish Achuthan, Mabel Chacko and Ajeesh Achuthan, along with ex TaxiforSure CFO Deena Jacob. Founded in 2017, Open is one of the world’s fastest-growing SME-focused business banking platforms with over 800,000 SMEs, processing over USD 24 billion in transaction processing volume annually and adding 50,000 new SMEs every month. Open is backed by leading global investors like Tiger Global, Speedinvest, Beenext, raising $37 million in funding, and was recently featured among the top 100 fintech companies globally in the 2019 Fintech 100 Report by KPMG and H2 Ventures. We talk about:Open and its founding storyKey events and nuances in the Indian fintech scene and how it compares to other FinTech marketsOpportunities in the SME open banking spaceRegulatory oversight and its role in embedded financeOverlooked factors for investing and building in India Fintech

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