OpenFX - About the company
OpenFX is a series A company based in Miami (United States), founded in 2024 by Prabhakar Reddy. It operates as a Provider of infrastructure for instant, low-cost, cross-border foreign exchange liquidity. OpenFX has raised $117M in funding from investors like Accel, Northzone and Pantera Capital, with a current valuation of $*****. The company has 301 active competitors, including 45 funded and 16 that have exited. Its top competitors include companies like Simplex, BVNK and Bridge.
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
Post Money Valuation
$***** as on Mar 31, 2026
Ranked
2nd among 301 active competitors
Employee Count
83 as on Sep 30, 2026
Legal entities associated with OpenFX
OpenFX is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Reports |
|---|---|---|---|---|
RED ENVELOPE ALPHA INC. CIN: 2616986 , United States, Active | Nov 13, 2023 | - | - | - |
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OpenFX's funding and investors
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 | 6738121 | Series A | 2386562 | 6340453 | 4522657 | 8859450 |
May 22, 2025 | 8282418 | Seed | 8509292 | 8093422 |
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OpenFX's founders and board of directors
Founder? Claim ProfileThe 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 83 employees as of Sep 26. Here is OpenFX's employee count trend over the years:
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OpenFX's Competitors and alternates
Top competitors of OpenFX include Simplex, BVNK and Bridge. Here is the list of Top 10 competitors of OpenFX, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | AI-based crypto payments and fraud prevention solutions for businesses | $19M | 73/100 | ||
2nd | OpenFX 2024, Miami (United States), Series A | Provider of infrastructure for instant, low-cost, cross-border foreign exchange liquidity | $117M | 72/100 | |
3rd |  BVNK 2016, London (United Kingdom), Acquired | Online platform offering multiple crypto services | $93.2M | 70/100 | |
4th |  Bridge 2022, San Francisco (United States), Acquired | Developer of infrastructure and application programming interfaces for stablecoin transactions | $58M | 68/100 | |
5th |  Zero Hash 2017, Chicago (United States), Series D | Embedded crypto solutions for financial institutions | $286M | 67/100 | |
6th | CoinPayments 2013, Vancouver (Canada), Series A | Payment gateway solutions for cryptocurrencies | $30.1M | 63/100 | |
7th |  Flexa 2018, New York City (United States), Series B | Provider of digital asset payment processing and merchant settlement tools | $14.1M | 58/100 | |
8th |  Coinflow 2022, Chicago (United States), Series A | Platform offering payment solutions to web3 companies | $28.7M | 57/100 | |
9th |  Conduit 2021, Kalispell (United States), Series A | Provider of cross-border payment solution for businesses | $59M | 57/100 | |
10th | Provider of platform enabling multi-currency swaps and digital payment solutions | $51.5M | 55/100 |
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OpenFX's Investments and acquisitions
OpenFX has made 2 investments in companies including Latitude and Levl. OpenFX has also acquired 4 companies including Global Ledger and Global Ledger.Here is the list of investments & acquisitions:
Date of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
Sep 09, 2026 | Investments | 2018 | Spring (United States) | |
Aug 06, 2026 | Acquisition | 2026 | - | |
Aug 06, 2026 | Acquisition | 2022 | Baar (Switzerland) |
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Reports related to OpenFX
Here is the latest report on OpenFX's sector:
News related to OpenFX
Filter this listMedia has covered OpenFX for a total of 15 events in the last 1 year, 2 of them have been about company updates and 2 about people movement.
•
OpenFX Launches OpenFX Ventures to Invest in Next-Generation Cross-Border Payments CompaniesGlobal Fintech Series•Oct 08, 2026•OpenFX
•
Latitude Raises $35 Million in Series A Fundingintelligence360•Oct 07, 2026•Latitude, New Enterprise Associates, Faction VC, OpenFX and 3 others
•
Latitude Secures $35M Series A Funding Led by Oak HC/FT to Develop Stablecoin Payment InfrastructureCryptocurrency•Sep 09, 2026•Latitude, Oak HC/FT, Latitude.com, Nea and 5 others
•
OpenFX Acquires Global Ledger to Launch Multi-Currency Accounts for FintechsAgencia EFE•Aug 06, 2026•OpenFX, Global Ledger
•
OpenFX Raises $94M Series A to Scale Cross-Border Money Movement InfrastructureThe SaaS News•Aug 04, 2026•OpenFX
•
OpenFX to acquire Embed, adding European payments infrastructureBusiness Insider•Jun 02, 2026•OpenFX
•
FX payments startup OpenFX raises $94 million from Accel, othersViestories•Apr 01, 2026•OpenFX, M13 Company, Pantera Capital, Lightspeed Venture Partners and 4 others
•
Wealth management startup Bachatt raises $12 million from Accel, OthersViestories•Mar 31, 2026•Bachatt, Edge Ventures, Lightspeed Venture Partners, Accel and 3 others
•
Levl raises $7 million to provide stablecoin infrastructure for fintechsCryptocurrency•Feb 11, 2026•Levl, Galaxy, Blockchain Builders Fund, OpenFX and 5 others
•
OpenFX Growing From Miami, Using Stablecoin To Speed Money TransfersRefresh Miami•Feb 09, 2026•OpenFX
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