When was OpenFX founded?

OpenFX was founded in 2024 and raised its 1st funding round 1 year after it was founded.

Where is OpenFX located?

OpenFX is headquartered in Miami, United States.

Who is the current CEO of OpenFX?

Prabhakar Reddy of OpenFX. They have also founded 2 companies and are angel investors in 10 startups, including FalconX.

How many employees does OpenFX have?

As of Jun 30, 2026, the latest employee count at OpenFX is 65.

Is OpenFX a funded company?

OpenFX is a funded company, having raised a total of $117M across 2 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on May 22, 2025.

When was the latest funding round of OpenFX?

OpenFX's latest funding was a $***** Series A round on Mar 31, 2026, with participation from 5 investors. Its primary sector is Digital Remittance. In United States, the Digital Remittance sector has seen $479M in funding in 2026 to date.

Where does OpenFX rank among its competitors?

OpenFX ranks 17th amongst 878 active competitors, of which 116 are funded. It stands 8th in terms of total funding among its competitors. The most recent competitor to raise funding was Airwallex, which secured $320M in Jun, 2026.

Who are the top competitors of OpenFX?

OpenFX's top competitors include Wise, Payoneer and Remitly. Among them, Airwallex secured the most recent funding round in June, 2026.

OpenFX - 2026 Company Profile, Team, Funding & Competitors

Company Details

Provider of infrastructure for instant, low-cost, cross-border foreign exchange liquidity. The platform facilitates faster settlements and transparent pricing through an optimized network. It offers an alternative to traditional banking systems, providing continuous availability. The infrastructure supports various enterprises with collections, payouts, treasury management, settlement, and clearing.

Website: www.openfx.com/
Email ID: *****@openfx.com, *****@openfx.com

Key Metrics

Founded Year

2024

Location

Miami, United States

Stage

Series A

Total Funding

$117M in 2 rounds

Latest Funding Round

Series A, Mar 31, 2026, $*****

Investors

Accel & 11 more

Ranked

17^th among 878 active competitors

Employee Count

65 as on Jun 30, 2026

Investment & Acquisitions

global-ledger.xyz & 4 more

Similar Companies

Wise & 872 more

View OpenFX's full profile

OpenFX is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
RED ENVELOPE ALPHA INC. CIN: 2616986 , United States, Active	Nov 13, 2023	-	-	-

OpenFX has raised a total funding of $117M over 2 rounds. Its first funding round was on May 22, 2025. Its latest funding round was a Series A round on Mar 31, 2026 for $*****. 5 investors participated in its latest round. OpenFX has 12 institutional investors.

Here is the list of recent funding rounds of OpenFX:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Mar 31, 2026	6195513	Series A	2186363	3814835	8570207	1275399
May 22, 2025	4788631	Seed	7550751	6290835	Accel	NFX & 4 more

Access funding benchmarks and valuations. Sign up today!

View details of OpenFX's funding rounds and investors

The founders of OpenFX is Prabhakar Reddy. Prabhakar Reddy is the CEO of OpenFX.

Here are the details of OpenFX's key team members:

Prabhakar Reddy: Founder & CEO of OpenFX and founder of 1 other company. They are also an angel investor in 10 startups.
Contact Info: 2 email addresses

View details of OpenFX's Founder profiles and Board Members

OpenFX's employee count trend

OpenFX has 65 employees as of Jun 26. Here is OpenFX's employee count trend over the years:

Uncover OpenFX's growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of OpenFX include Wise, Payoneer and Remitly. Here is the list of Top 10 competitors of OpenFX, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Wise 2011, Shoreditch (United Kingdom), Public	Provider of international money transfer and multi-currency	$397M	Valar Ventures, Merian Global Investors ... & 103 others	86/100
2nd	Payoneer 2005, New York City (United States), Acquired	Provider of cross-border payment solutions for freelancers, businesses, and marketplaces	$269M	TCV, Viola Ventures & 23 others	84/100
3rd	Remitly 2011, Seattle (United States), Public	Provider of international money transfer services with multiple delivery options	$436M	Generation Investment Management, PayU & 39 others	84/100
4th	Airwallex 2015, San Francisco (United States), Series H	Provider of financial infrastructure for processing payments and managing treasury	$1.9B	Lone Pine Capital, Addition & 51 others	83/100
5th	Ebury 2009, London (United Kingdom), Acquired	Provider of global payment solutions, currency risk management, and business lending	$374M	Vitruvian Partners, 83NORTH & 17 others	79/100
6th	Venmo 2009, New York City (United States), Acquired	Provider of a platform for sending and receiving payments between users	$1.3M	Greycroft, RRE Ventures & 8 others	76/100
7th	Thunes 2016, Singapore (Singapore), Series D	Provider of a global payment infrastructure platform for businesses and financial institutions to facilitate cross-border transactions	$362M	Marshall Wace, Vitruvian Partners & 19 others	74/100
8th	Tipalti 2010, Foster City (United States), Series F	Cloud-based procurement and invoice management solutions for businesses	$553M	Zeev Ventures, Durable Capital Partners & 24 others	73/100
9th	Kadmos 2021, Germany, Acquired	Provider of a platform for managing and automating international salary payments	$38.9M	Blossom Capital, Addition & 22 others	71/100
10th	Xoom 2001, San Francisco (United States), Acquired	Provider of online service for international money transfers, bill payments	$106M	Fidelity Ventures, DAG Ventures & 13 others	71/100
17th	OpenFX 2024, Miami (United States), Series A	Provider of infrastructure for instant, low-cost, cross-border foreign exchange liquidity	$117M	Northzone, NFX & 10 others	64/100

Get insights and benchmarks for competitors of 2M+ companies! Sign up today!

Looking for more details on OpenFX's competitors? Click here to see the top ones

OpenFX has made 1 investments in companies including Levl. OpenFX has also acquired 4 companies including global-ledger.xyz and Global Ledger.

Here is the list of investments & acquisitions:

Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Aug 06, 2026	Acquisition	global-ledger.xyz		-
Aug 06, 2026	Acquisition	Global Ledger	2022	Baar (Switzerland)
Jun 02, 2026	Acquisition	Embed	2020	Vancouver (United States)