About OpenFX
OpenFX is a company based in San Francisco (United States) founded in 2024 by Prabhakar Reddy. OpenFX has raised $117 million across 2 funding rounds from investors including Accel, NFX and Faction. OpenFX has completed 1 acquisition, including Embed.
- Headquarter San Francisco, United States
- Founders Prabhakar Reddy
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Sectors
Technology
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Email
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Phone
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Website
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- Legal Name Red Envelope Delta, Inc
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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.
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.
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Accel is recognized as a leading venture capital firm.
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Locked | Locked | Locked | |
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Venture capital firm offering funding and tools for startups in technology and investment sectors.
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Locked | Locked | Locked | |
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Venture capital fund focused on blockchain and cryptocurrency companies
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Locked | Locked | Locked |
Investor details 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.
Investment portfolio details for OpenFX
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- Transaction dates
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Provider of API's for broker-dealers, RIAs, and banks
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Locked | Locked | 2020 | Locked |
Complete acquisition details for OpenFX
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Financial Statements - OpenFX
Detailed financials for OpenFX
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Openfx Comparisons
Peer comparison for OpenFX
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Competitors of OpenFX
Detailed competitors of OpenFX
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Latest news on Openfx
Complete news archive for 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 current CEO of OpenFX. They have also founded this company.
OpenFX is a funded company, having raised a total of $117M across 2 funding rounds to date.
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.