Amazon, Google and Visa to invest in neo-banking startup Open

What's the news?

Amazon, Google and card network major Visa are separately eyeing a stake in neo-banking startup Open, which is looking to raise a new round of funding of about $100-$120 Mn, two people aware of the matter said.

More to know

Open offers business banking, payments and expense management services to over one million small and medium enterprises. It claims to process $24 Bn in transactions annually.

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