FX payments startup OpenFX raises $94 million amid cross-border stablecoin push [Yahoo! Finance]
Western Union Company (The) (WU)
Last western union company (the) earnings: 2/11 04:05 pm
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Source: Yahoo! Finance
NEW YORK, March 31 (Reuters) - OpenFX, a startup that focuses on foreign-exchange market making and remittances, on Tuesday raised $94 million ?in a funding round led by several venture capital firms, as the company ?looks to use stablecoins to speed up cross-border payments. The capital raise, which was led by investors including Accel, ?Lightspeed Faction, M13, Northzone, and Pantera, comes amid growing interest in using stablecoins to modernize cross-border payments and overcome high costs and transfer delays. The funding round values OpenFX at about $500 million, according to a person familiar with the matter. Market infrastructure firms like OpenFX are using ?blockchain-based currencies to offer faster ?and cheaper transactions, particularly for businesses moving large sums of capital. The company's founder Prabhakar Reddy got the idea of launching OpenFX after seeing long ?queues of people waiting outside Western Union branches in Dubai to collect money. Reddy started Ope
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WU
News
- Q4 Earnings Outperformers: Western Union (NYSE:WU) And The Rest Of The Diversified Financial Services Stocks [Yahoo! Finance]Yahoo! Finance
- Are Any of These Ethereum Competitors Buys in 2026? [Yahoo! Finance]Yahoo! Finance
- Western Union Adds Milind Pant To Steer Digital And Stablecoin Shift [Yahoo! Finance]Yahoo! Finance
- Western Union has big plans for stablecoins [Yahoo! Finance]Yahoo! Finance
- Western Union launches stablecoin on Solana to revolutionize money transfers [FOX Business Network]FOX Business Network
WU
Earnings
- 2/20/26 - Beat
WU
Sec Filings
- 3/31/26 - Form ARS
- 3/31/26 - Form DEFA14A
- 3/31/26 - Form DEF
- WU's page on the SEC website