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Neobanking platform Open acquires tax filing platform Optobizz for $5M Open caters to over 10 lakh SMEs and claims to process $24 billion in transactions annually. The acquisition is expected to add 800,000 SMEs to its user base. 0 claps Optobizz a goods and services tax and financial automation startup for $5 million. 10,00,000 SMEs and processes $24 billion in transactions annually. The acquisition will add 800,000 SMEs to its user base. Open will be setting up a development centre in Hyderabad, the company stated. Commenting on the acquisition, “Adding the Optobizz team to the Open family has really strengthened our team. With close to 15 years of experience at product tech companies on the business finance side, their expertise will help us create more innovative solutions for small businesses across the country. Addition of tax filing to our platform will enable our merchants to not just manage banking, payments and automated acco ....