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OpenFX is a financial technology company focused on modernizing cross-border payments and foreign exchange. The platform provides real-time settlement capabilities, aiming to enable money movement across borders with the same ease as data. It offers 24/7 availability and instant transaction processing, addressing the limitations of traditional legacy systems and time zones. Its infrastructure is designed to deliver significantly faster settlement times, reportedly 90% quicker, and reduce costs by up to 80% compared to conventional foreign exchange methods. OpenFX has developed a global network to support these operations, facilitating continuous money movement for its users.
Key people at OpenFX.
OpenFX addresses the inefficiencies of traditional cross-border payments, including slow settlement times, high costs, and limited availability due to legacy systems and time zones.
OpenFX differentiates its services by offering real-time foreign exchange and payment settlement with 24/7 availability, aiming for 90% faster settlement and 80% lower costs than traditional methods.
OpenFX addresses the inefficiencies of traditional cross-border payments, including slow settlement times, high costs, and limited availability due to legacy systems and time zones.
OpenFX differentiates its services by offering real-time foreign exchange and payment settlement with 24/7 availability, aiming for 90% faster settlement and 80% lower costs than traditional methods.
OpenFX is developing infrastructure to redefine global money movement, focusing on cross-border payments and foreign exchange. The company aims to overcome the challenges associated with traditional financial systems, such as slow settlement times, high transaction costs, and operational limitations imposed by time zones and legacy technologies. By providing a platform for real-time foreign exchange and payment settlement, OpenFX seeks to enable money to flow internationally as effortlessly as digital data.
The platform is engineered for 24/7 availability, ensuring that transactions can be processed instantly at any time. This continuous operation is supported by a global network designed to facilitate efficient and rapid cross-border transfers. OpenFX reports that its system achieves 90% faster settlement and 80% lower costs compared to conventional foreign exchange services, offering a more efficient alternative for global financial transactions.
OpenFX has attracted investment to support its development and expansion. The company has secured $23 million in early funding, with Accel identified as an investor. This capital has contributed to its growth, enabling OpenFX to achieve significant operational milestones.
The company's market traction is further evidenced by its reported annualized total payment volume (TPV) for foreign exchange, which has exceeded $10 billion. OpenFX is supported by a group of six investors, with Flybridge and Hash3 noted among its recent backers, indicating ongoing investor confidence in its mission to modernize global payment infrastructure.
Key people at OpenFX.
OpenFX has 1 tracked investment across 1 company. The latest tracked deal is $7.0M Seed in Levl in February 2026.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Feb 11, 2026 | Levl | $7.0M Seed | Galaxy Ventures | Blockchain Builders Fund, CMCC Global, Deus X, FalconX, Protagonist, Variant Fund |
