# OpenFX, a startup that focuses on foreign-exchange market making and remittances, on Tuesday raised $94 million in a funding round.

*fintech · news · 2026-03-31 · Reuters*

## Key points

- OpenFX raised $94 million in a funding round led by Accel, Lightspeed Faction, and others.
- OpenFX is valued at about $500 million after the latest fundraising round.
- Over 98% of OpenFX transactions now settle in under 60 minutes, versus days in legacy systems.
- OpenFX processes over $45 billion in annualized payment volume, up from $4 billion the previous year.
- OpenFX will use the new capital to expand into Southeast Asian and Latin American markets.

**Companies:** OpenFX
**Countries:** United States, United Kingdom, United Arab Emirates, India

[Read the full story on Reuters](https://www.reuters.com/business/fx-payments-startup-openfx-raises-94-million-amid-cross-border-stablecoin-push-2026-03-31/)

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