POPA ReconStablecoin Payments Startup OpenFX Raised $94 Million
Stablecoin Payments Startup OpenFX Raised $94 Million Founded in 2024 by former FalconX executive Prabhakar Reddy, OpenFX is building infrastructure using stablecoins to speed up cross-border money movement. The deal values the company at around $500 million. OpenFX says 98%+ of transactions on its platform settle in under 60 minutes. The company also says its annualized payment volume grew from $4 billion to more than $45 billion in about a year, and that it now operates in the U.S., UK, UAE, and India. 👉 x.com/openfx_/status/2038954559423607262?s=20
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