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Tag: loan flexibility

Why Flexibility In Business Financing Is Critical For MSMEs

business financing

For Micro, Small, and Medium sized businesses (MSMEs), managing financing can be a challenging balancing act. The Federal Reserve Banks’ Small Business Credit Survey reveals that a concerning 59% of small businesses described their financial condition as fair …

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“Open is a technology platform – it is not a bank and does not hold or claim to hold a banking license. The business current accounts, VISA corporate cards, business loans and other similar banking services/financial services offered on the Open platform are provided by RBI-licensed banks and financial institutions. All funds in the Open powered business current account are insured as per limits prescribed under the RBI’s deposit insurance scheme. The banking services/financial services offered on the Open platform are powered by our partner banks/financial institutions and follows all security standards and legal requirements prescribed by the partner bank/financial institution, in accordance with extant RBI regulations.”

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