What does OpenFX do?
OpenFX is pioneering a multi-layer liquidity architecture that connects traditional banking with digital-native systems, enabling swift and efficient transaction settlements.
How much did they raise?
The company raised $23M in initial funding, with Accel leading the round and participation from NFX, Lightspeed Faction, Castle Island Ventures, Flybridge, and Hash3.
What are their plans for the money?
The funds will be used to expand into key Latin American and Asian markets, launch treasury management solutions, and enhance its regulatory framework across strategic jurisdictions.
What have they achieved so far?
OpenFX's capital-efficient model already allows for 90% of transactions to settle in under 60 minutes, significantly streamlining foreign exchange processes.
