COMPANY detail

OPENFX
Move money faster

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OPENFX
Company Overview.
Year Founded 2024
Status Private
Specialties Payment Infra, FX Infrastructure
Company Size 51-200 Employees
Industry Financial Services
Location San Francisco, USA
Description.

OpenFX is a fintech infrastructure company building a modern, real-time settlement network that replaces outdated international payment systems. Founded in 2024 by Prabhakar Reddy (former co-founder & COO of FalconX) and headquartered in San Francisco with presence in New York and globally, OpenFX has processed over $10 billion in annualized payment volume in under 12 months since launching. The company enables businesses to move money across borders 99% faster and cheaper than traditional methods, with settlement times under 60 minutes, fees of 0.01-0.3%, and 24/7/365 availability.

The company's platform bridges previously isolated domestic payment networks and optimizes capital flows through proprietary routing technology, bypassing the complex correspondent banking system. OpenFX serves enterprises, fintechs, and financial institutions with API-based integration for embedded finance capabilities. Their team includes veterans from Affirm, Charles Schwab, Goldman Sachs, JP Morgan, Kraken, Mastercard, Microsoft, Meta, PayPal, Revolut, and Visa. The company raised $23M in seed funding led by Accel in May 2025, with participation from NFX, Lightspeed Faction, Castle Island Ventures, and other strategic fintech investors.

Key Infrastructure.
Real-time FX Network Modern settlement infrastructure replacing outdated international payment systems with instant settlement
Multi-currency Support Support for 70+ currencies across global corridors with transparent pricing
API Integration REST API enabling programmatic, 24/7/365 transaction execution for enterprises and fintechs
Treasury Management FX and treasury management tools for businesses scaling globally
Global Liquidity Optimized liquidity network bridging domestic payment networks with proprietary routing
Embedded Finance Infrastructure enabling fintechs to embed cross-border payments into their products
Additional Features.
Transparent Pricing
All-in pricing of 0.01-0.3% vs traditional 3-5% fees plus FX markup
Real-time Tracking
Full visibility and detailed reporting on all transactions
Speed
Settlement in under 60 minutes vs 2-7 days traditional
Fast Onboarding
Companies can onboard in hours and start immediately
Institutional Security
99.99% uptime with enterprise-grade security
Global Network
Direct routes through optimized liquidity network

GENERAL Questions.

What does this company do?
OpenFX provides B2B FX infrastructure - a real-time settlement network that enables businesses to send cross-border payments at 99% faster speed and up to 90% lower cost than traditional methods. Their API allows enterprises and fintechs to embed cross-border payments into their products.
Who are their main clients?
B2B enterprises, fintechs, remittance companies, and financial institutions that need cross-border payment capabilities.
Are they licensed?
OpenFX works with licensed financial institution partners for compliance. Specific licensing details not publicly disclosed.
What blockchains/stablecoins supported?
70+ currencies across global corridors - US, UK, UAE, EU, LatAm, Asia, Africa