World’s fastest growing online-only SME bank to expand to the Middle East

Open, an online-only banking startup that offers business banking solutions for startups and SMEs, has announced its plans to expand into the Middle Eastern market. The Indian company is the fastest growing online-only SME bank globally. Currently, it powers payments for over 30,000 businesses, and the expansion in the Middle East will extend its service offering to 17 million more SMEs. Open will be able to offer these businesses a payment platform as well as APIs to integrate banking into business workflows. Open also has plans to introduce its own card in the near future.