OpenFX Raises $23M in Initial Funding to Revolutionize Cross-Border Payments with Real-Time FX Settlement Capabilities

OpenFX Raises $23M in Initial Funding to Revolutionize Cross-Border Payments with Real-Time FX Settlement Capabilities

NEW YORK--(BUSINESS WIRE)--May 22, 2025-

OpenFX raises $23 million led by Accel to build near-instant cross-border transactions

Outside of AI, there’s no hotter sector than stablecoins. Big tech companies like Meta are exploring integration, Congress is on the precipice of advancing legislation, and venture investors—including generalist funds otherwise wary of diving back into crypto—are showering startups with funding. The latest is OpenFX, an infrastructure firm founded by Prabhakar Reddy, which is emerging from stealth with $23 million in funding led by Accel.  For t…

OpenFX Raises $23M in Initial Funding to Revolutionize Cross-Border Payments

OpenFX, the FX infrastructure company revolutionizing cross-border payments, today announced its emergence from stealth with $23 million in funding led by Accel, with participation from NFX, Lightspeed Faction, Castle Island Ventures, Flybridge, Hash3 and strategic fintech investors. This milestone follows the company's unprecedented growth from $0 to $10 billion in annualized transaction volume in under 12 months since its stealth launch in ear…

OpenFX Emerges From Stealth With $23 Million Raise And $10 Billion Volume - FinanceFeeds

OpenFX has announced it raised $23 million in initial funding to scale its real-time FX settlement infrastructure, positioning itself as a new backbone for global cross-border payments. The company reached $10 billion in annualized transaction volume within its first year of operations after launching in stealth in early 2024. The funding round was led by Accel and included participation from NFX, Lightspeed Faction, Castle Island Ventures, Flyb…

OpenFX Raises $23M in Initial Funding

OpenFX, a NYC-based company developing a multi-layer liquidity architecture for financial technology, raised $23M in initial funding. The round was led by Accel, with participation from NFX, Lightspeed Faction, Castle Island Ventures, Flybridge, Hash3 and strategic fintech investors. The company intends to use the funds to expand into key Latin American and Asian markets, launch […] The post OpenFX Raises $23M in Initial Funding appeared first o…

OpenFX Raises $23M to Revolutionize Cross-Border Payments with Real-Time FX Settlement Capabilities

OpenFX, the FX infrastructure company revolutionizing cross-border payments, today announced its emergence from stealth with $23 million in funding led by Accel, with participation from NFX, Lightspeed Faction, Castle Island Ventures, Flybridge, Hash3 and strategic fintech investors. This milestone follows the company’s unprecedented growth from $0 to $10 billion in annualized transaction volume in under 12 months since its stealth launch in ear…