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OpenFX Raises $23M in Initial Funding to Revolutionize Cross-Border Payments with Real-Time FX Settlement Capabilities

  • OpenFX, a FX infrastructure company, has raised $23 million in initial funding led by Accel and other investors.
  • The company has reached $10 billion in annualized transaction volume within its first year of operation, offering faster and cheaper global money movement.
  • OpenFX's platform enables near-instant settlement of cross-border transactions, making FX transfers 99% faster and up to 90% cheaper.
  • The company's multi-layer liquidity architecture facilitates most transactions settling in under 60 minutes, disrupting the traditional FX market infrastructure.

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