Cross-Border Remittance Startup OpenFX Raises $94 Million, Led by Pantera
BlockBeats News, March 31st, according to Reuters, foreign exchange prime brokerage and cross-border payment startup OpenFX has completed a $94 million financing round. The round was led by institutions such as Accel, Lightspeed Faction, M13, Northzone, and Pantera, with a post-investment valuation of approximately $5 billion.
By using stablecoins as a bridge to connect the banking system with blockchain infrastructure, OpenFX provides faster and lower-cost settlement services for large-value cross-border funds. OpenFX plans to use this round of funding to expand into the Southeast Asia and Latin America markets.
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