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

MeNews · 2026-04-02T13:48:25+00:00

Foreign exchange startup OpenFX completes $94 million funding round, with a valuation of approximately $500 million. The company leverages stablecoins to connect banks and blockchain, offering low-cost cross-border settlement services, and plans to expand into Southeast Asia and Latin America markets.

MeNews

2026-04-02 13:48:25

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ME News update: On March 31 (UTC+8), OpenFX, a foreign-exchange market-making and cross-border remittance startup, completed a $94 million funding round. The round was led by Accel, Lightspeed, M13, Northzone, Pantera, and other institutions, with a post-money valuation of approximately $500 million. OpenFX uses stablecoins as a bridge to connect banking systems and blockchain infrastructure, providing faster and lower-cost settlement services for large cross-border transfers. OpenFX plans to expand into the Southeast Asia and Latin American markets using the funds from this round. (Source: ODAILY)

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