Looks nice, but it is not open source.
I know what you mean. It is not a normal open source license and for commercial use it requires a $20 a year subscription per user. With that said, I believe all the core source code is viewable and auditable if you use the CLI version, which is what I use on my FreeNas system and there is no charge for personal use. I think this may meet many people's personal backup requirements.
[1] https://github.com/gilbertchen/duplicacy