OpenFX (@openfx

OpenFX

37 posts

OpenFX

@openfx_

Experience a better way to move money

🌎🌍🌏

Joined February 2025

Pinned
OpenFX
@openfx_
Mar 31
There are two ways to touch 8 billion lives: acquire 8 billion individual customers, or build the infrastructure for the institutions that already serve them. We chose the latter. Today we're announcing OpenFX’s $94M Series A from @Accel, @atomico, @FactionVC, @M13Company ,
OpenFX reposted
Harrison Mann
@hm4nn
Jun 1
It’s fitting to announce our acquisition as the industry comes together in Amsterdam for @money2020 Europe. @openfx_ acquires Embed, an Amsterdam-based payments infrastructure company. It’s our first acquisition, a major step in our European expansion, and a clear statement
OpenFX
@openfx_
May 14
“The blockchain solved cross-border payments, and anyone still struggling just hasn’t adopted them yet.” This is basically nonsense. A common sentiment, and not entirely unjustifiable, but basically nonsense. Sit in any payments company pitch in 2026 and you'll hear "instant
OpenFX
@openfx_
May 3
We're at Consensus Miami May 5-7 and holding time for in-person meetings. If you're moving cross-border volume (or building rails for someone who is), grab 30 minutes with us, on-site or nearby. We'll cover live corridor pricing for your pairs, give you a sandbox account, and
OpenFX
@openfx_
Apr 23
It's Saturday night. The Peso just dropped 4%. Your company has $40 million exposed and the hedge you meant to place Friday is stuck in queue. You're texting your RM. He's at a birthday party. He's really sorry. This is how trillion-dollar FX infrastructure actually works.
Automated Treasury Management: How Stablecoins and AI Are Transforming Cross-Border Payments
From openfx.com
OpenFX reposted
Harrison Mann
@hm4nn
Apr 14
The most misleading phrase in global finance: “instant settlement.” In most corridors, money doesn’t simply jump from the vendor to the recipient, arriving in their hands instantly after the transfer is initiated. It passes through sometimes dozens of hands, where it is
Cross-Border Payments Explained: Costs, Delays & a Faster Alternative | OpenFX
From openfx.com
OpenFX
@openfx_
Apr 14
Our Founder @prabhakar2reddy had the opportunity to sit down with Atomico to discuss his entrepreneurial journey. In this clip, he describes how he decides which ideas to pursue, and the personal story that led him to start OpenFX. Some of the key take-aways: - Have a clear
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OpenFX
@openfx_
Apr 14
Watch the full chat here: youtube.com/watch?v=TME4oT…
OpenFX reposted
Mason Nystrom
@masonnystrom
Apr 9
According to J.P Morgan, in 2024 there was over $200 trillion in annual cross-border payment volume. And it's expected to surpass $300 trillion within the next several years. @openfx_ is tackling one of the largest market opportunities that exits. Don't miss my interview with
Pantera Capital
@PanteraCapital
Apr 8
$4 trillion is stuck in legacy payment rails. Cross-border FX is still broken. OpenFX is fixing it. @prabhakar2reddy CEO of @openfx_ joins our Stateful podcast, hosted by @masonnystrom. In this episode, they discuss the future of money movement: - Zero to $40B+ annualized TPV
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OpenFX
@openfx_
Apr 7
In the 1990s, construction workers in Dubai stood in long lines to pay a 7% fee just to send their paychecks home. In 2022, after a tech revolution that put supercomputers in our pockets, those exact same lines were still there. Why?
OpenFX
@openfx_
Apr 7
Replying to @openfx_
But you cannot build a global, real-time system using a 50-year-old hub-and-spoke model. The conceit that what works in a New York boardroom works equally well in Singapore is exactly what broke the system in the first place.
OpenFX
@openfx_
Apr 7
That is why OpenFX has built on a “global HQ” model, assembling a team of world-class operators across Miami, London, Dubai, and Bangalore, led by regional experts. We are distributed because the problem is. Our Founder wrote the blueprint. Read it here:
OpenFX Raises $94M Series A to Build the API Infrastructure for Global FX Liquidity
From openfx.com
OpenFX
@openfx_
Apr 2
We came out of stealth nine months ago at $8B in volume. As of February we crossed $45B. Revenue is up 10x. This week we raised a $94M Series A. @Accel, @atomico, @FactionVC, @northzoneVC, @M13Company, @PanteraCapital, some of the biggest names on both sides of finance chose
OpenFX
@openfx_
Apr 2
Replying to @openfx_
Fixing cross-border FX is more than just moving money faster for G7 economies, despite how much of the industry marketing frames it. Cross-border payments are how actual people across the globe, many of them highly vulnerable, get paid. Payroll for remote teams. Remittances back
OpenFX
@openfx_
Apr 2
This is a huge job, and we think that it will require a huge shift in the way people see FX, a shift beyond even stablecoins. We're building toward a future where the treasury becomes programmatic. Where software manages cash flows at 3am on a Sunday and the infrastructure just
Winning Cross-Border Payments with Liquidity | OpenFX $94M Series A
From openfx.com