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

Odaily · 2026-03-31T14:37:30+00:00

OpenFX, a startup specializing in forex market making and cross-border remittances, has completed a $94 million funding round, with a post-investment valuation of approximately $500 million. The company leverages stablecoins to connect banks and blockchains, providing efficient settlement for large-scale cross-border transactions. It plans to expand into Southeast Asia and Latin America markets.

Odaily

2026-03-31 14:37:30

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Odaily Planet Daily, citing Reuters: The foreign exchange market-making and cross-border remittance startup OpenFX has completed a $94 million fundraising round. The round was led by Accel, Lightspeed Faction, M13, Northzone, and Pantera, among other institutions. The post-money valuation is about $500 million.

OpenFX provides faster, lower-cost settlement services for large cross-border payments by using stablecoins as a bridge to connect banking systems with blockchain infrastructure. OpenFX plans to use this round of funding to expand into Southeast Asia and Latin America.

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