OpenFX Emerges With $23M
Summary
NEW YORK, NY, OpenFX, the FX infrastructure company revolutionizing cross-border payments, today announced its emergence from stealth with $23 million in funding. The round was led by Accel, with participation from NFX, Lightspeed Faction, Castle Island Ventures, Flybridge, Hash3 and strategic fintech investors. This milestone follows the companys unprecedented growth from $0 to $10 billion in annualized transaction volume in under 12 months since its stealth launch in early 2024. OpenFX is creating the financial market infrastructure for the AI economy through its real-time cross-border payments platform and settlement network. By combining the power of new-age payment rails and innovative last-mile liquidity sourcing models, OpenFX enables near-instant FX settlements across borders-making money transfers 99% faster, up to 90% cheaper, and available 24/7/365.