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

BlockBeatNews · 2026-03-31T11:06:44+00:00

OpenFX completed a $94 million funding round, with a post-investment valuation of approximately $500 million. The company leverages stablecoins to connect banks and blockchain, providing cross-border payment settlement services, and plans to expand into Southeast Asia and Latin America markets.

BlockBeatNews

2026-03-31 11:06:44

Abstract generation in progress

BlockBeats message, March 31, according to Reuters, OpenFX, a foreign-exchange market-making and cross-border remittance startup, has completed $94 million in funding. This round was led by Accel, Lightspeed Faction, M13, Northzone, and Pantera, among others, and the post-money valuation is approximately $500 million.

OpenFX provides faster, lower-cost settlement services for large cross-border transfers 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 the Southeast Asia and Latin America markets.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.