OpenFX Raises $23Mn In Seed Round Led By Accel

OpenFX, a pioneering FX infrastructure startup, has raised $23 million in seed funding round led by Accel.

The round also saw participation from NFX, Lightspeed Faction, Castle Island Ventures, Flybridge, Hash3, and other strategic fintech investors.

This funding will help the company grow in Latin America and Asia, launch new treasury management tools, and expand its global regulatory presence.

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"The USD 200 trillion FX market still runs on 1970s-era infrastructure, trapping USD 4 trillion in working capital," said Prabhakar Reddy, Founder and CEO of OpenFX. "We're building the critical settlement infrastructure for the AI-driven economy—where money moves as freely as data."

"Shekhar Kirani, Partner at Accel, said, "OpenFX combines an exceptional founding team with a massive market opportunity. They're building the AWS of global finance—trusted infrastructure that empowers enterprises and developers to modernize cross-border commerce."

About OpenFX 

Founded in 2024 by Prabhakar Reddy, OpenFX provides high-quality financial systems for instant international payments. OpenFX, which had been working quietly until now, says it has handled $10 billion in annualised transactions in under a year.

OpenFX’s platform bridges traditional finance with digital systems using a special multi-layer setup. This helps 90% of payments go through in under an hour, instead of the usual 2–7 days, and without needing large amounts of money on hand. 

The system is already popular with neobanks, remittance companies, brokers, global payroll firms, and fintechs—some reaching $100 million in transactions in just 17 days.

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