Neobank Open, once celebrated as India's first neobanking unicorn, has reported its financial performance for the fiscal year 2025. The Bengaluru-based fintech startup, which primarily caters to small and medium-sized enterprises (SMEs), has shown significant strides in revenue growth and cost management, though it continues to grapple with substantial losses.
Financial Highlights
Open's revenue from operations surged by 85% to ₹46 crore in FY25, up from ₹24.8 crore in the previous fiscal year. Including other income of ₹11.6 crore, the total income for FY25 stood at ₹57.6 crore. This growth was primarily driven by its subscription-based digital payment services and commission income on a
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