More about Mabel Chacko
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 also 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.
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 also 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.
Signing up on our website is completely free! If you encounter any issues with profile or notice something unusual, please don't hesitate to report it to us. We're here to help ensure a smooth and secure experience.
Featured speaker at previous eChai events:
Founders and startup folks who joined past eChai startup events
The eChai Effect - In Their Words
“I have no hesitation in saying that my association with eChai has been a gateway into the startup ecosystem. Through this platform, I’ve had the opportunity to connect with many young and dynamic entrepreneurs. These interactions have been immensely enriching - I’ve learned a great deal and have always tried to offer guidance whenever approached. It’s a truly symbiotic relationship that I deeply value, and it wouldn’t have been possible without eChai.”
Syed Nadeem Jafri
Founder, Hearty Mart
"At DevX.Work, we’ve greatly benefited from our association with eChai. Their events and networking forums have connected us with high-potential startups, ecosystem leaders, and innovation-driven professionals — many of whom have become valuable partners, collaborators, and even clients. What stands out most is the openness and accessibility of the community — whether you're an early-stage founder or an experienced entrepreneur, eChai provides a welcoming space to learn, collaborate, and grow. It's more than just a network — it's a catalyst for real, collaborative growth. We’re proud to be part of the eChai community. Highly recommended for any organization aiming to grow within the startup space."
Umesh Uttamchandani
Co-Founder, DevX
“You don’t plan to build a company via eChai. You just keep showing up … and one day, you realize you did.” I’ve known Jatin since 2012, when I was still deciding what kind of second innings I wanted to play as an entrepreneur. Over the years, through events, chai breaks, intros, and seemingly small conversations, eChai helped shape not just Upsquare but also refined the lens through which we see collaboration. At Upsquare, we’ve hired talent, met partners, discovered co-investors, and built lifelong friendships. One of our joint ventures exists today only because a casual eChai memory sparked a deeper trust. Now, as we build House of Starts — our venture builder — eChai continues to fuel our mission: co-creating a shared future. eChai isn’t just a startup network. It’s a trust network. And for business builders like me, that makes all the difference."
Utpal Vaishnav
Founder @ Polynxt (EightQor Capital, Upsquare, House of Starts) • Architect & Capital Allocator
eChai Partner Brands
eChai Ventures partners with select brands as their growth partner - working together to explore new ideas, open doors, and build momentum across the startup ecosystem.
