OpenFX

Summary active Updated Apr 30, 2026

This profile is AI-generated. If you spot an error, please help us fix it by sharing a URL to the correct information.

Location New York, NY
Founded 2024
Latest Stage Series A
Total Raised $94M+
Website https://www.openfx.com
Sector
fintech payments crypto stablecoins cross-border-payments

Investors

Accel series-a (2026)
Northzone series-a (2026)
Pantera Capital series-a (2026)

Founders

Prabhakar Reddy Founder & CEO (FalconX co-founder)

About

OpenFX is a cross-border payments and FX infrastructure platform founded in 2024 by FalconX co-founder Prabhakar Reddy 12. The company uses stablecoins as an intermediary settlement rail to enable near-instant FX conversion and cross-border settlement, providing institutional-grade liquidity across more than 40 trading pairs with over 98% of transactions settling in under 60 minutes 13. By the time of its Series A, OpenFX had grown from $4 billion to over $45 billion in annualized payment volume and had onboarded more than 100 global institutional customers, including MoneyGram, Yellow Card, and alfred 13.

Funding History

Date Round Amount Lead Co-investors
2026-03-31 Series A $94M Accel, Atomico, Lightspeed Faction, M13, Northzone, Pantera Flybridge, Hash3 123

What Investors Say

No verified investor quotes available at this time.

What Founders Say

“We’re building the equivalent for global financial infrastructure…The remittance company in Brazil, the neobank in Singapore, the payroll processor in Dubai – none of them should have to rebuild what we’ve built.” — Prabhakar Reddy, Founder & CEO, OpenFX, quoted in PYMNTS, March 31, 2026 4.

Sources

  1. OpenFX blog, “OpenFX Raises $94M Series A to Build the API Infrastructure for Global FX Liquidity,” March 31, 2026. https://www.openfx.com/blog/announcing-openfx-s-94m-series-a↩↩↩↩

  2. BusinessWire, “OpenFX Raises $94 Million Series A to Scale Cross-Border Money Movement,” March 30, 2026. https://www.businesswire.com/news/home/20260330586743/en/OpenFX-Raises-$94-Million-Series-A-to-Scale-Cross-Border-Money-Movement↩↩

  3. CoinDesk, “Forex Startup OpenFX Raises $94 Million to Expand Stablecoin-Powered Cross-Border Payments,” March 31, 2026. https://www.coindesk.com/business/2026/03/31/forex-startup-openfx-raises-usd94-million-to-expand-stablecoin-powered-cross-border-payments↩↩↩

  4. PYMNTS, “OpenFX Raises $94 Million for Cross-Border Stablecoin Payments,” March 31, 2026. https://www.pymnts.com/news/cross-border-commerce/cross-border-payments/2026/openfx-raises-94-million-for-cross-border-stablecoin-payments/↩