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

MeNews · 2026-04-02T17:05:10+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 17:05:10

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ME News update: On March 31 (UTC+8), OpenFX, an FX market-making and cross-border remittance startup, completed a $94 million funding round. This round was led by Accel, Lightspeed Faction, M13, Northzone, and Pantera, among other institutions, and the post-money valuation is about $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 expand into the Southeast Asia and Latin America markets with the proceeds from this round. (Source: ODAILY)

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