OpenFX raises $94M
OpenFX announced a Series A round of $94M on 31 March 2026. The company operates in FinTech and is based in United States. It was founded by Prabhakar Reddy, Founder & CEO.
Founder
Prabhakar Reddy
Founder & CEO, OpenFX
Outreach angles
- -Uses blockchain-based stablecoins to offer faster and cheaper cross-border FX transactions - positioning itself as market infrastructure rather than a consumer payments app.
- -Valued at approximately $500M on this raise, reflecting investor confidence in stablecoin-based FX as regulatory clarity around digital assets improves.
- -Cross-border stablecoin push aligns with growing enterprise and SMB demand for alternatives to the traditional correspondent banking network, which remains slow and fee-heavy.
Signals
Series AFinTechRegulated IndustryB2B
Round details
Company: OpenFX
Domain: openfx.com
Amount: $94M
Stage: Series A
Industry: FinTech
Country: United States
Announced: 31 March 2026
Other FinTech raises
Recently funded in United States