OpenFX Raises $94M, Revolutionizing Cross-Border Payments
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OpenFX, a fintech startup revolutionizing foreign exchange with stablecoins, secured $94M in funding, led by Accel, Lightspeed Faction, M13, Northzone, and Pantera. Founded in 2024 by Prabhakar Reddy, OpenFX streamlines cross-border payments by connecting traditional banks to digital assets, reducing costs and wait times. With a 45B annualized payment volume, the startup aims to expand in Southeast Asia and Latin America, building on its US, UK, UAE, and India presence.
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