OpenFX just raised $94 million to expand stablecoin-powered

OpenFX just raised $94 million to expand stablecoin-powered cross-border payments. The round was led by Accel, Lightspeed Faction, M13, Northzone, and Pantera, valuing the company at around $500 million.
Founded in 2024 by Prabhakar Reddy, OpenFX helps move large sums across borders using stablecoins. The company bridges traditional banking rails with digital assets, making FX conversions faster and cheaper. Right now, it handles over $45 billion in annualized payment volume—up from $4 billion last year.
With fresh funding, OpenFX is targeting Southeast Asia and Latin America, where stablecoin adoption is surging. The company already operates in the U.S., U.K., UAE, and India, serving neobanks, payroll platforms, and remittance providers. This could be a big step toward mainstream stablecoin use in global finance.
, ,

.css-1iqe90x{box-sizing:border-box;margin:0;min-width:0;color:#EAECEF;}OpenFX just raised $94 million to expand stablecoin-powered cross-border payments. The round was led by Accel, Lightspeed Faction, M13, Northzone, and Pantera, valuing the company at around $500 million.

OpenFX just raised $94 million to expand stablecoin-powered cross-border payments. The round was led by Accel, Lightspeed Faction, M13, Northzone, and Pantera, valuing the company at around $500 million.