Mabel Chacko (Co-founder & COO of Open - Asia's first neo-banking platform for SMEs and Startups)

Jammu City
Sat, Jun 27, 2020, 7:00 PM (IST)

About this event

Mabel is a fintech innovator and a serial entrepreneur who believes that the way SME’s work is going to change forever in a few years. She is the co-founder of the neobanking platform Open that offers a business banking platform to SMEs and startups.

Open is Asia’s first SME focused neobanking platform that helps automate their business payments, banking and accounting functions in one unified service to help business owners to focus on their core business.

She co-founded her first startup Cash-Nxt in 2007 which was a plug n’ play mobile payment and financial inclusion solution meant specifically for semi-urban and rural markets. CashNxt was later acquired by a Latin American company. She moved on to build Neartivity Wireless, an NFC based payment processing platform in 2009. In 2013, she co-founded Zwitch, India’s first developer focused payment platform, which was later acquired by Citrus Payments in 2015.

While leading the marketing at CitrusPay, Mabel got to interact with a lot of entrepreneurs & SME business owners. What came out of these interactions was that business owners struggled to keep track of their expenses and used multiple tools and bank accounts to manage their business finances. This led to making of Open.

Mabel has also been the recipient for numerous awards which includes ’Startup Leader of the Year’ Award from the Ministry of Electronics & Information Technology, Government of India, ‘Disruptor of the Year’ at DLAI Women in Fintech award ceremony, ‘Woman Leader in Fintech’ Award at India Fintech Awards 2019 (IFTA). She has also been recognized as one of the ‘Top 20 Women in Fintech Industry’ in India at Fintegrate 2019 and as one of the ‘Wonder Women in Fintech in India’ by Medici. 


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  • Rishita Sharma

    Rishita Sharma

    Startup Grind Jammu

    Chapter Director

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