Cross-border remittance startup OpenFX completes $94 million funding round led by Pantera and others

Odaily News According to Reuters, foreign exchange market-making and cross-border remittance startup OpenFX has completed a $94 million funding round. This round was led by institutions including Accel, Lightspeed Faction, M13, Northzone, and Pantera, with a post-investment valuation of approximately $500 million.

OpenFX provides faster and lower-cost settlement services for large cross-border funds by using stablecoins as a bridge to connect banking systems with blockchain infrastructure. OpenFX plans to use the funds from this round to expand into Southeast Asian and Latin American markets.