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OpenWrks

openwrks.com

Founded Year

2015

Stage

Acquired | Acquired

Total Raised

$380K

About OpenWrks

OpenWrks is building a free, personalized SME bank account and overdraft comparison tool. The company promises that SMEs will be able to get an accurate, independent, and real-time comparison of the true cost of business bank accounts so they can find the right product for them.

Headquarters Location

The Poynt 45 Wollaton Street

Nottingham, England, NG1 5FW,

United Kingdom

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Expert Collections containing OpenWrks

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

OpenWrks is included in 3 Expert Collections, including Regtech.

R

Regtech

1,341 items

Technology that addresses regulatory challenges and facilitates the delivery of compliance requirements in FIs. Regulatory technology helps FIs and regulators address challenges ranging from traditional compliance and risk management to data reporting and transmission.

S

SMB Fintech

1,230 items

F

Fintech

4,872 items

Track and capture company information and workflow.

Latest OpenWrks News

Nationwide utilises Open Banking technology to help debt-distressed customers

Jul 22, 2021

3 hours ago 0 Nastionwide is using Open Banking technology from Openwrks to help customers facing financial hardship build a rounded picture of their finances before meeting with the mutual's collections and recovery team. OpenWrks is part of Nationwide’s Open Banking for Good challenge, a £3 million fund that was designed to challenge fintechs and organisations to work together to help improve the lives of those in financial difficulty. The Openwrks platform utilises conversational artificial intelligence and reductive logic to enable people to pull together information from different accounts and sources. Using this data, customers can quickly build an accurate digital income and expenditure statement. In the same vein, OpenWrks is also working with expert advisors at the Money and Pensions Service to visualise customers’ income and expenditure data - leading to more personalised and relevant advice. Claire Tracey, Nationwide chief strategy and sustainability officer, comments: “As a mutual, we believe in the power of partnership and that we can achieve more together than we can alone. Going live is the culmination of nearly 18 months’ collaboration between Nationwide and OpenWrks. Our agile approach and innovative thinking have helped us make a complicated process simple for members in difficult circumstances, all while supporting our colleagues who help them.” Related Companies

OpenWrks Frequently Asked Questions (FAQ)

  • When was OpenWrks founded?

    OpenWrks was founded in 2015.

  • Where is OpenWrks's headquarters?

    OpenWrks's headquarters is located at The Poynt, Nottingham.

  • What is OpenWrks's latest funding round?

    OpenWrks's latest funding round is Acquired.

  • How much did OpenWrks raise?

    OpenWrks raised a total of $380K.

  • Who are the investors of OpenWrks?

    Investors of OpenWrks include Tink and Nesta Open Up Challenge.

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