OpenFX secures $94 million in round led by Accel, Atomico
US-headquartered cross-border payments infrastructure startup OpenFX has secured $94 million (Rs 780 crore) in a funding round led by Accel and Atomico.
The round also saw participation from Lightspeed, Faction VC, M13, Northzone, and Pantera.
The company plans to deploy the fresh capital to expand into Southeast Asia, where domestic payment systems such as India’s UPI, Singapore’s PayNow, and Thailand’s PromptPay coexist, but cross-border payments face a lot of friction.
