US EditionFx Payments Startup Openfx Raises $94 Million Amid Cross-Border Stablecoin Push
OpenFX, valued at $500 million, plans to grow its network serving neobanks and remittance providers with $45 billion in annualized payments.
- On March 31, 2026, fintech startup OpenFX raised $94 million in a Series A funding round, valuing the company at roughly $500 million.
- Founder Prabhakar Reddy launched the company to address structural inefficiencies where more than $4 trillion sits locked in traditional accounts, targeting delays for sums between $1 million and $10 million.
- Operating across more than 40 trading pairs, the platform settles over 98% of transactions in under 60 minutes and now handles more than $45 billion in annualized payment volume.
- With the new funding, the company plans to expand into Southeast Asia and Latin America, serving clients that include MoneyGram and Yellow Card.
- Investors frame the raise around institutional use cases rather than retail narratives, with Atomico founder Niklas Zennström comparing the impact to AWS for simplifying infrastructure at scale.
19 Articles
19 Articles
FX startup OpenFX raises $94 million to expand stablecoin-powered cross-border payments
The company acts as a bridge between traditional banking and digital assets, enabling faster and cheaper foreign-exchange conversions for businesses moving large sums of money.
OpenFX Raises $94 Million Series A to Scale Global Cross-Border Stablecoin Payments
The New York-based infrastructure firm OpenFX has secured $94 million in Series A funding to expand its real-time stablecoin settlement rails across global markets. OpenFX announced on March 31, 2026, that it raised $94 million in Series A funding led by investors including Accel, Atomico, and Pantera. Founded in 2024, the company utilizes stablecoins as […]
OpenFX Raises $94 Million In Series A Funding Round
OpenFX has secured $94 million in a Series A funding round led by Accel, Atomico, Lightspeed Faction, M13, Northzone, and Pantera, bringing its total funding to about $117 million and enabling further expansion of its stablecoin powered cross border FX infrastructure. OpenFX has raised $94 million in Series A funding. The round was led by Accel, Atomico, Lightspeed Faction, M13, Northzone, and Pantera, with participation from existing investors …
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