The problem
Cross-border payments take days, cost 3-5% and stop outside banking hours, tying up pre-funded capital
What they do
FX liquidity and cross-border settlement API for fintechs, using stablecoins as the settlement rail
Traction Annualized volume $4B → $45B in 2025 (10x revenue), now $80B+; 100+ fintech clients incl. MoneyGram
Hiring trend
- Open roles
- 43
- Ops roles
- 4
- Headcount
- ~100
LinkedIn-tracked staff 53 → 76 in two quarters (+21% QoQ, Aug 2026); 41 open roles
Hiring in
- Bengaluru
- Miami
- New York
- Remote (US)
Latest news
Oct 2026
Launched OpenFX Ventures, an arm investing in early-stage cross-border payments founders ↗Funding
- Last round
- $94M
- Stage
- Series A
- Date
- Mar 2026
Led by Accel, Atomico, Lightspeed Faction, M13, Northzone, Pantera
- Hiring+243 open roles on the live job board (30+ roles = +2)
- Funding recency+1Series A · $94M, Mar 2026 (7 months ago): 6–12 months = +1
- Traction+1.5Strong growth: Annualized volume $4B → $45B in 2025 (10x revenue), now $80B+; 100+ fintech clients incl. MoneyGram
- Red flags0None found in the last 24 months
- Total4.52 + 1 + 1.5 − 0 = 4.5 → Race (4.25–4.74)
Distance (Half) is a separate read on how long the lead can last. It doesn't change the score.
Distance
Half · edge: cheaper at size
$80B+ annualized volume, 100+ fintech clients and multi-country licenses; Stripe/Bridge competes.
Sources: OpenFX Head of People job post (licenses, team) ↗ · OpenFX Ventures launch (Oct 2026) ↗ · Rebank: Prabhakar Reddy on spreads (Sep 2026) ↗
Last checked Oct 25, 2026