Prabhakar Reddy’s Post

After a year of building in stealth, I'm thrilled to finally share what we've been working on: OpenFX We started with a simple belief— as we enter the age of AI and automation, we cannot afford for money to be stuck in the post office era when information moves at lightspeed—money should move as freely as information across borders. While transmitting data around the world is instant, moving money internationally still takes days and costs way too much. We're changing that. In just our first year, we're processing over $10B in annualized transaction volumes, with 90% of transactions settling in under 60 minutes. Our clients are unlocking working capital they didn't even know was trapped. But here's what excites me most: every transaction we process, every minute we save our clients, every dollar of working capital we unlock—it's proof that the impossible is just innovation waiting to happen. To our incredible team of leaders who've made this possible, our visionary investors at Accel, NFX, Lightspeed Faction, Castle Island Ventures, Flybridge, Hash3, Nascent and Breyer Capital, and our early clients who trusted us with their business: we're building something that will outlast all of us. Years from now, when moving money globally is as instant as information, we'll look back and say: "We built that." We're hiring exceptional talent to help us scale to $1T+ and beyond, because as Mark Twain said: "They did not know it was impossible, so they did it." If you're a business moving money across borders and tired of the settlement delays and FX costs, let's talk: [email protected] The revolution in global finance starts now. https://lnkd.in/dcitgUaD #OpenFX #CrossBorderPayments #FX #Money