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OpenFX raises $23 million to revolutionize cross-border payments with real-time FX settlement capabilities

  • OpenFX, a FX infrastructure company, raised $23 million in funding led by Accel and other investors.
  • The startup aims to revolutionize cross-border payments by offering real-time FX settlement capabilities.
  • Founded by Prabhakar Reddy, OpenFX's platform reduces payment friction, making transfers faster and cheaper.
  • With its next-gen technology, OpenFX aims to modernize the $200 trillion annual FX market and provide near-instant settlement of transactions.

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