SBI Holdings: Invested $20m in OpenLegacy

SBI Holdings: Invested $20m in OpenLegacy

SBI Holdings: Invested $20m in banking integration firm OpenLegacy

  • Founded in 2013, OpenLegacy offers an application programming interface (API) integration platform
  • The platform enables banks to connect their core systems to digital services like online and mobile banking
  • The firm offers both on-site and hosted versions of its software
  • OpenLegacy has now raised $61 million from four funding rounds
  • As part of the investment, SBI Holdings also offer OpenLegacy software to regional banks
  • SBI is investing in OpenLegacy Ltd in Israel, although the operating headquarters of OpenLegacy Inc are in New Jersey, U.S.A.