About OpenFX
OpenFX is a Technology company based in San Francisco (United States) founded in 2024 by Prabhakar Reddy. Cross-border FX infrastructure and yield-generating solutions are provided. OpenFX has raised $117 million across 2 funding rounds from investors including Accel, NFX and Faction. OpenFX has completed 1 acquisition, including Embed. Its chief executive, as recorded, is Prabhakar Reddy. Its website openfx.com draws about 21 thousand monthly visits. Its focus areas include FinTech, Investment Tech, Capital Market IT and Trade Management. Its legal entity is Red Envelope Delta, Inc.
Company details
Provider of cross-border FX infrastructure and yield-generating solutions. It offers competitive FX rates, real-time settlement, and 247 availability for international money transfers. The platform facilitates multi-currency accounts, intelligent routing for optimal execution, and comprehensive analytics. Additionally, it provides yield-generating options for idle offshore FX assets through multi-tenured fixed deposits and flexible withdrawal options. The infrastructure integrates with global banking systems and payment rails, simplifying cross-border transactions and minimizing conversion costs. It operates with appropriate licensing in key financial hubs, ensuring regulatory compliance.
- Headquarters San Francisco, United States
- Founders Prabhakar Reddy
- SectorsTechnology
- Email••••••••
- Website openfx.com
- Legal Name Red Envelope Delta, Inc
Funding Insights of OpenFX
OpenFX has successfully raised a total of $117M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $94 million completed in March 2026. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $117M
- Total Rounds 2
- Last Round Series A — $94M
- First Round $23M
(May 2025)
- Investors Count 9
All 2 funding rounds of OpenFX with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2026 | $94M | Series A | – | Accel, Faction VC | – |
| May 2025 | $23M | Series B | – | Accel |
9 investors in total: 9 institutional.
Investors in OpenFX
OpenFX has secured backing from 9 investors, including venture fund and institutional investors. Prominent investors backing the company include Accel, NFX and Faction.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Accel is recognized as a leading venture capital firm. | 1983 | accel.com | Palo Alto, United States | |
Venture capital firm offering funding and tools for startups in technology and investment sectors. | nfx.com | |||
Venture capital fund focused on blockchain and cryptocurrency companies | castleisland.vc | Cambridge, United States | ||
Early-stage tech startups are funded by Flybridge Capital Partners. | flybridge.com | New York, United States | ||
| m13.co | ||||
| northzone.com | ||||
| panteracapital.com | ||||
Early-stage venture capital fund focused on blockchain projects. | faction.vc | |||
| hash3.xyz |
Investor details for OpenFX
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People of OpenFX
1 people are tracked at OpenFX (1 in leadership).
| Name | Role | Group |
|---|---|---|
Prabhakar Reddy | Founder & CEO | Leadership |
Complete people profiles for OpenFX
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Investments & Acquisitions by OpenFX
OpenFX has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Embed.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Provider of API's for broker-dealers, RIAs, and banks | embed.com | Vancouver, United States | 2020 | Jun 2026 | •••• |
Complete acquisition details for OpenFX
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Timeline of OpenFX
4 dated milestones of OpenFX across 2 years, from founding to its latest funding, stage changes and deals.
- Founded OpenFX is founded.
- Funding First funding round of $23.0M.
- Funding Latest funding round, Series A, of $94.0M.
- Acquisition Acquires Embed.
Web traffic of OpenFX
The website of OpenFX (openfx.com) receives about 20.7K visits a month.
- Monthly visits20.7K
▼ 34.6% vs previous month
Top companies in Investment & Financial Technology
3 companies that operate in the same segment as OpenFX (Investment & Financial Technology) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Commission-free trading and investment services are provided by Robinhood. | 2013 | Menlo Park, California, United States | USD 5.58 B | USD 2.98 B | 4,841 | |
Financial data and investment advisory tools are offered online. | 1984 | Chicago, Illinois, United States | USD 91 M | USD 351.25 K | 6 | |
App-based platform for spare change investment | 2012 | Irvine, California, United States | USD 587.84 M | 602 |
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Related news about Openfx
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Frequently Asked Questions about OpenFX
OpenFX was founded in 2024 and raised its 1st funding round 1 year after it was founded.
OpenFX is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Prabhakar Reddy is the CEO of OpenFX, as recorded in our data. They have also founded this company.
OpenFX is a funded company, having raised a total of $117M across 2 funding rounds to date. The company's 1st funding round was a Series B of $23M, raised on May 2025.
Provider of cross-border FX infrastructure and yield-generating solutions. It offers competitive FX rates, real-time settlement, and 247 availability for international money transfers. The platform facilitates multi-currency accounts, intelligent routing for optimal execution, and comprehensive analytics. Additionally, it provides yield-generating options for idle offshore FX assets through multi-tenured fixed deposits and flexible withdrawal options. The infrastructure integrates with global banking systems and payment rails, simplifying cross-border transactions and minimizing conversion costs. It operates with appropriate licensing in key financial hubs, ensuring regulatory compliance.
OpenFX has made 1 acquisition, including Embed.
OpenFX has 9 investors. Key investors include Accel, NFX, Faction, Castle Island Ventures, and Hash3.
OpenFX operates through Red Envelope Delta, Inc.