OpenFX Announces $94M Series A Round

OpenFX announced it raised $94 million in a Series A funding round. The round included investors Accel, Atomico, Lightspeed Faction, M13, Northzone and Pantera. The company says its platform enables near-instant cross-border settlements, supports over 40 trading pairs, and operates teams in the U.S., UK, UAE and India. Founded in 2024 by Prabhakar Reddy, OpenFX builds FX infrastructure using stablecoin rails and liquidity sourcing models.