Prabhakar Reddy

Prabhakar Reddy is Founder and CEO of OpenFX, a cross-border payments infrastructure company processing over $45 billion in annual payment volume. OpenFX enables real-time FX settlements that are 99% faster and up to 90% cheaper than traditional systems.
Prabhakar attended Harvard Business School and began his career as a venture investor at Accel, backing early-stage technology companies. He co-founded FalconX, the digital asset prime brokerage valued at $8 billion, before launching OpenFX.
Prabhakar is a serial entrepreneur who has co-founded four companies, with two previous ventures acquired. He is also an angel investor in 10 startups focused on blockchain technology and fintech.
OpenFX raised $94 million in Series A funding from Accel, Atomico, Lightspeed, Northzone, and Pantera, following an initial $23 million seed round. The company grew from $4 billion to over $45 billion in annualized payment volume within its first year.
OpenFX serves major clients including MoneyGram, Yellow Card, and alfred, with 98% of transactions settling in under 60 minutes compared to the industry standard of 2 to 7 days. The platform supports over 40 trading pairs across the US, UK, UAE, and India.