Mabel Chacko

Co-Founder and Chief Operating Officer, Open Financial Technologies Pvt. Ltd

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 focus on their core business. She co-founded her first start-up CashNxt 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 from 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 the 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, Govt 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 been recognized as one of the ‘Top 20 women in the fintech industry’ in India at Fintegrate 2019 and as one of the ‘Wonder Women in Fintech in India’ by Medici. Mabel also received the Woman Fintech Leader of the Year Award at the ‘Festival of Fintech’ 2021 hosted by BusinessWorld and ‘Entrepreneur of the Year’ at the Indian Achiever’s Award 2020-2021.