fintech / news / / Reuters
OpenFX, a startup that focuses on foreign-exchange market making and remittances, on Tuesday raised $94 million in a funding round.
OpenFX raised $94 million in a funding round led by Accel, Lightspeed Faction, and others.
KEY POINTS
- 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
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