Private Equity VC Fund Investments
Forex payments startup OpenFX raises $23-M in seed round led by Accel India
Source OpenFX (opens in a new tab)Entrepreneur.com (opens in a new tab)
Bangalore- and USA-based cross-border FX payments startup OpenFX has raised USD 23 million in a funding round led by Accel India, with participation from NFX, Lightspeed Faction, Castle Island Ventures, Flybridge, Hash3, and other strategic fintech investors.The fresh funds will be used by OpenFX to expand into Latin American and Asian markets, launch treasury management products, and scale its regulatory footprint.Founded in 2024 by Prabhakar Reddy, co-founder of FalconX (also backed by Accel India), OpenFX offers institutional-grade financial infrastructure for real-time cross-border payments.