TLDR Tech / Fintech
OpenFX raises $94m
OpenFX has secured $94 million in Series A funding to modernize how money moves across borders by combining traditional financial systems with crypto-based settlement rails. The startup uses stablecoins to enable near-instant currency conversion and settlement, already processing over $45 billion in annualized volume for clients like MoneyGram and Yellow Card. As it expands into Southeast Asia and Latin America, the company is positioning itself as a faster, lower-cost alternative to legacy FX infrastructure still built on decades-old systems.
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