# OpenFx

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/openfx

- Industry: Financial Services
- Headquarters: New York, US
- Website: www.openfx.com
- Total disclosed funding: $117M
- Latest round: Series A (Mar 31, 2026)
- Investors on record: 12

## About

OpenFx is a US-based company specializing in modern financial infrastructure for real-time cross-border payments, streamlining transaction processes for various sectors including remittances and payment services.OpenFx, founded in 2024 in New York, US, focuses on enabling real-time cross-border payments. The company has successfully completed one deal thus far, enhancing its operational capabilities in the financial sector.OpenFx specializes in providing a modern financial infrastructure designed for real-time cross-border payments. Their core offerings include a comprehensive platform that integrates an extensive range of currency pairs, facilitating instant settlements and seamless payouts across 25+ countries. The platform operates 24/7, enabling finance teams to execute transactions without the constraints of traditional banking hours. OpenFx focuses on industries such as remittance companies, neo-brokers, and payment service providers, serving a diverse client base that values speed, competitive pricing, and operational efficiency. The geographical markets for their services include North America, Europe, the Middle East, and Asia, with specific capabilities tailored to meet local regulations and operational requirements in each region.OpenFx generates revenue primarily through transactional fees associated with cross-border payments. Clients, which include businesses in the remittance and payment processing sectors, benefit from a transparent pricing model that typically offers lower costs compared to traditional payment rails. For instance, a payment service provider using OpenFx may conduct transactions that enable them to settle funds up to 15 times a day, taking advantage of both local and global currency transfers. The pricing structure is designed to accommodate various business models, including B2B direct transactions and partnerships with financial institutions. This structure allows clients to engage in real-time currency exchanges and utilize OpenFx’s services without pre-funding, thus enhancing liquidity and operational flexibility. In March 2026, OpenFx raised USD 94 million in series A funding co-led by Accel, Atomico, Faction, M13, Northzone, and Pantera Capital, with participation from Flybridge Capital Partners and Hash3. The company plans to use the March 2026 funding to build out its stablecoin-based foreign exchange platform, expand liquidity and market coverage, and support international expansion to reduce cross-border settlement times and costs.

## Funding rounds

- Series A, Mar 31, 2026, $94M — Accel, Northzone, Flybridge Capital Partners, Atomico, Pantera Capital, M13, Faction, Hash3
- Seed, May 22, 2025, $23M — Accel, Flybridge Capital Partners, Breyer Capital, NFX, Castle Island Ventures, Nascent, Faction, Hash3

## Investors

- Accel (https://capitalatlas.ai/funds/accel) — Seed, Series A
- Flybridge Capital Partners (https://capitalatlas.ai/funds/flybridge-capital-partners) — Seed, Series A
- Breyer Capital (https://capitalatlas.ai/funds/breyer-capital) — Seed
- NFX (https://capitalatlas.ai/funds/nfx) — Seed
- Castle Island Ventures (https://capitalatlas.ai/funds/castle-island-ventures) — Seed
- Nascent (https://capitalatlas.ai/funds/nascent) — Seed
- Faction (https://capitalatlas.ai/funds/faction) — Seed, Series A
- Hash3 (https://capitalatlas.ai/funds/hash3) — Seed, Series A
- Northzone (https://capitalatlas.ai/funds/northzone) — Series A
- Atomico (https://capitalatlas.ai/funds/atomico) — Series A
- Pantera Capital (https://capitalatlas.ai/funds/pantera-capital) — Series A
- M13 (https://capitalatlas.ai/funds/m13) — Series A