OpenFX Announces $94M Series A Round
2026-03-31
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NEW YORK, NY, OpenFX, the FX infrastructure company revolutionizing the rails powering cross-border money movement, today announced it has raised $94 million in Series A funding.
OpenFX today announced it has raised $94 million in Series A funding from Accel, Atomico, Lightspeed Faction, M13, Northzone, & Pantera.
OpenFX is building the financial market infrastructure for the modern economy through its real-time cross-border money movement platform and settlement network. By combining stablecoin rails with innovative last-mile liquidity sourcing models, OpenFX enables near-instant FX settlements across borders, making money transfers 99 percent faster, up to 90 percent cheaper, and available 24/7/365. Founded in 2024 by serial entrepreneur Prabhakar Reddy, former co-founder of FalconX, the company has grown to a global team operating across the U.S., UK, UAE and India. OpenFX's platform supports more than 40 trading pairs and serves established fintech companies, neobanks, remittance providers and global payroll platforms.
OpenFX is building the financial market infrastructure for the modern economy through its real-time cross-border money movement platform and settlement network. By combining stablecoin rails with innovative last-mile liquidity sourcing models, OpenFX enables near-instant FX settlements across borders, making money transfers 99 percent faster, up to 90 percent cheaper, and available 24/7/365. Founded in 2024 by serial entrepreneur Prabhakar Reddy, former co-founder of FalconX, the company has grown to a global team operating across the U.S., UK, UAE and India. OpenFX's platform supports more than 40 trading pairs and serves established fintech companies, neobanks, remittance providers and global payroll platforms.
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