Location
Headquarters: New City, New York, United States, North America
Region: New York
Country: US
Continent: North America
About
OpenFX is a fintech company delivering real-time cross-border foreign exchange settlements and 24/7 money movement, reducing settlement times and costs in the global FX market. It operates a global liquidity network enabling near-instant settlement and borderless payments for enterprises and remittance providers. The company emphasizes on-demand onboarding and continuous availability to support around-the-clock transactions across corridors worldwide. Headquartered with a global footprint and backed by a modern API-enabled infrastructure, OpenFX positions itself as a 24/7 cross-border payments infrastructure provider.
OpenFX provides real-time cross-border foreign exchange settlements and 24/7 money movement services for enterprises and remittance providers. It operates a global liquidity network with an API-enabled infrastructure to facilitate near-instant, borderless payments across international corridors.
Red Envelope Alpha Inc.
2024
for_profit
active
Industries
Primary Industry: Finance
Categories
Funding & Financials
Growth Stage
$117M
private
Investors
Founders
Prabhakar Reddy
Leadership
Technology Stack
Products
OpenFX Real-Time FX Payments Infrastructure: A platform providing real-time foreign exchange and cross-border payment settlement with 24/7 availability and instant transaction processing.
OpenFX for Payment Service Providers: A solution enabling payment service providers to perform same-day global payouts with transparent FX pricing and 24/7 fund movement.
OpenFX for Remittance Companies: A platform enabling remittance companies to execute same-day cross-border payouts without the need for pre-funding, with real-time FX and local payout rails.
OpenFX for Neo Brokers: A service for neo brokers to enable instant global FX conversions with real-time clearing and multi-currency account management.
Funding rounds
Series A · $94M · (2026-03-31) · Lead: Accel
Seed · $23M · (2025-05-22) · Lead: Accel
Seed · (2024-06-27)