Full-Time
Head of Business Operations
OpenFX
51-200 employees
Facilitates real-time cross-border FX payments
No salary listed
London, UK + 3 more
More locations: Miami, FL, USA | Dubai - United Arab Emirates | Bengaluru, Karnataka, India
In Person
 Business & Strategy (1) |
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- 15+ years of relevant operating experience, including meaningful experience leading Business Operations, Strategy and Operations, or a similar function in an organization that has scaled significantly.
- A record of improving how teams work and delivering complicated projects involving several teams, with clear evidence of personal ownership and measurable results.
- Strong people leadership, including setting clear expectations, coaching capable operators and building an effective team structure.
- Excellent analytical and financial fluency, with the ability to turn incomplete information into practical decisions.
- Strong written communication and executive judgment, including the ability to make ownership, tradeoffs and decisions clear.
- Comfort operating across multiple countries and regulated environments.
- Comfort working through ambiguity. You can set a clear way of working and move important work forward without waiting for a detailed playbook.
- Manage, coach and develop the Business Operations team, with clear responsibilities, scorecards and development plans for each team member.
- Set a clear process for how the team takes on requests, chooses priorities and allocates its time.
- Build the organization, role clarity and capacity plan required for the Business Operations function as OpenFX scales.
- Keep the team focused on high-impact projects rather than routine work that belongs within another function.
- Lead high-priority projects across teams.
- Agree with the Head of Operations on the two or three most important projects for the team to lead.
- Turn broad objectives into clear outcomes, plans, milestones, owners and decisions.
- Lead projects such as launching new currencies and regions, coordinating complex bank and liquidity partner onboarding, improving critical processes and preparing the business for new capabilities.
- Build the plan, coordinate the teams involved, track progress, raise blockers and make sure actions are completed.
- Raise risks, tradeoffs and unresolved questions early, and get them to the right decision maker.
- Run the weekly Operations review and monthly KPI review, with clear metrics, owners, decisions and follow-up actions.
- Partner with Data and functional leaders to establish agreed metric definitions, accountable owners and reliable reporting.
- Identify important processes that slow down or fail when several teams are involved, and lead the work to improve them.
- Build lightweight processes and automation that improve speed, reliability and scalability.
- Produce rigorous market research, opportunity assessments, business cases and operational recommendations.
- Legal and Compliance fully own licensing and compliance strategy, regulatory interpretation, application content, formal submissions and outcomes. Licensing is not part of the Business Operations role.
- People and Talent and hiring managers own workforce strategy, recruiting and hiring decisions. Business Operations may occasionally provide limited coordination support when hiring is one dependency within a broader priority initiative.
- Trade Operations, Finance, GTM, Product, Engineering and Partnerships continue to own their strategies, teams, specialist decisions and results.
- When a program is complete, hand the ongoing work back to the team that owns it rather than leaving it with Business Operations indefinitely
- Experience in fintech, payments, banking infrastructure, FX or another regulated industry.
- Experience operating through meaningful organizational scale, ideally including a company growing from roughly 80 to more than 250 people across multiple countries.
- Experience supporting market launches, partner onboarding, operational readiness or process automation.
- Experience working closely with Trade Operations, Partnerships or another specialist operating function.
OpenFX provides real-time cross-border foreign exchange payment infrastructure for institutional clients and money remitters. It enables 24/7 international transfers with transparent pricing and institutional-grade fees. The system settles FX transactions quickly across borders, delivering up to 90% faster settlements and up to 80% lower costs than traditional methods. Revenue comes from transaction fees and service charges, and the goal is to make global finance seamless for international payments.
Company Size
51-200
Company Stage
Series A
Total Funding
$117M
Headquarters
New York City, New York
Founded
2024
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See people who can refer or advise you
Simplify's Take
What believers are saying
- March 31, 2026 Series A raised $94 million from Accel, Atomico, and Pantera.
- OpenFX says annualized volume hit $45 billion by February 2026 and $60 billion in April.
- August 2026 multi-currency accounts target fintechs needing local collection and payout across 100 countries.
What critics are saying
- June 2026 Embed close still awaits regulatory approval, delaying Europe revenue until Q3 2026.
- OpenFX’s stablecoin-heavy flow depends on banking partners and regulators tightening KYC, sanctions, and custody rules.
- If cross-border payment volumes stall after 2026 expansion, OpenFX’s valuation depends on aggressive corridor scaling.
What makes OpenFX unique
- OpenFX combines stablecoin settlement with licensing, liquidity, and banking products across multiple rails.
- June 2, 2026 Embed acquisition adds EEA and UK payments licenses plus virtual IBANs.
- August 6, 2026 Global Ledger acquisition adds multi-currency accounts and Tyler McIntyre’s banking expertise.
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Benefits
Health Insurance
Dental Insurance
Vision Insurance
Unlimited Paid Time Off
Flexible Work Hours
Remote Work Options
Paid Vacation
Hybrid Work Options
Stock Options
Company Equity
401(k) Retirement Plan
401(k) Company Match
Wellness Program
Mental Health Support
Gym Membership
Phone/Internet Stipend
Home Office Stipend
Professional Development Budget
Conference Attendance Budget
Training Programs
Tuition Reimbursement
Mentorship Program
Relocation Assistance
Employee Discounts
Company Social Events
Growth & Insights and Company News
6 month growth
↓ -1%1 year growth
↓ -1%2 year growth
↓ -1%OpenFX acquires Global Ledger to launch multi-currency accounts for fintechs. Novo co-founder Tyler McIntyre joins as Head of Banking; OpenFX will be launching a waitlist for their multi-currency accounts product, the first one hundred companies to join the waitlist receive $30,000 in fee credits. OpenFX launches multi-currency accounts for fintechs. OpenFX is launching multi-currency accounts for fintechs: collect USD locally and pay out over ACH, Fedwire, SWIFT or stablecoin rails. Request early access. MIAMI, Aug. 06, 2026 (GLOBE NEWSWIRE) - OpenFX, the real-time cross-border money movement platform, announced today that it has acquired Global Ledger, founded by Tyler McIntyre. McIntyre previously built and co-founded Novo, a neo-bank serving >300,000 business last valued at over $700M. McIntyre is joining as Head of Banking to accelerate OpenFX's product expansion and launch multi-currency accounts, with a waitlist available today. These accounts will let a company's customers pay it locally in their own currency, and let the company hold what arrives rather than converting on receipt. OpenFX is launching with named USD accounts that send and receive over ACH, Fedwire and SWIFT, paying into and out of more than 100 countries, with more to follow. The rails on either side do not need to match: a company can hold dollars and pay a supplier in India over UPI, or give a counterparty a vIBAN and receive USDC in its wallet near instantly. Multi-currency accounts are the second pillar of the company's Embedded FX strategy, designed to bring API-driven, reliable, end-to-end payment solutions to treasury product managers. Because they sit alongside OpenFX's world-class liquidity product, clients will be able to book a currency conversion and hold the converted funds immediately, without moving assets to an outside bank or reconciling against a third-party statement. As Head of Banking, McIntyre will lead the accounts product, the growth of OpenFX's licensing footprint across the markets its clients operate, and the work of enhancing their world-class APIs to ensure every account is fully programmable from launch. The goal is for clients to soon be able to offer these accounts to their own customers. Fintechs operating across borders generally need a separate banking relationship in every market they serve, and companies that touch digital assets have persistent difficulty obtaining and keeping those accounts. Closures often come with no stated reason, and only a few weeks' notice. In a survey of crypto and Web3 firms published by the UK Cryptoasset Business Council, Startup Coalition and Global Digital Finance, half of respondents had either been rejected when applying to a major bank or had an account closed, and only 14 percent opened an account they were able to keep. Three quarters reported turning to institutions they considered riskier. "Traditional financial institutions often see payment companies as more risky than they are because they don't fully understand the structure of their business, so their best answer is to de-bank them," said Prabhakar Reddy, founder and CEO of OpenFX. "We already move billions of dollars for these companies every day. We know these flows well, which is why we can provide them with more reliable service. Tyler has spent a decade building accounts that businesses want to use, and he saw earlier than almost anyone what modernizing rails mean for banking. We share the same goal, no one should have to think about how their banks works, it should just work." "Stablecoins are the first payment rail that works instantly everywhere and never closes. The obvious thing to build on top of a rail like that is an account," said Tyler McIntyre, Head of Banking at OpenFX. "I started Global Ledger so a business could hold, send and receive money in any market as if it banked there. OpenFX had already built the settlement network and the liquidity product those accounts depended on, working together felt like a no-brainer." Terms of the acquisition were not disclosed. The waitlist is open at [openfx.com/accounts]. The first 100 companies to join will receive $30,000 in fee credits to offset the cost of migrating. OpenFX's platform settles transactions across more than 40 currency pairs, with the majority completing in under an hour, and operates continuously, including weekends and holidays, when traditional settlement systems are closed. About OpenFX OpenFX is building the financial market infrastructure for the modern economy through its real-time cross-border money movement platform and settlement network. By combining stablecoin rails with innovative last-mile liquidity sourcing models, OpenFX enables near-instant FX settlements across borders, making money transfers 99 percent faster, up to 90 percent less expensive, and available 24/7/365. Founded in 2024 by serial entrepreneur Prabhakar Reddy, former co-founder of FalconX, the company has grown to a global team operating across the U.S., UK, UAE and India. OpenFX's platform supports more than 40 trading pairs and serves established fintech companies, neobanks, remittance providers and global payroll platforms. Learn more at www.openfx.com. Media Contact [email protected] GlobeNewswire Distribution ID 1001256377 Search. August 5, 2026 August 4, 2026
OpenFX is launching multi-currency accounts for fintechs after acquiring Global Ledger. Hold USD locally, pay into 100+ countries. Request early access....
OpenFX acquires Global Ledger to launch multi-currency accounts for fintechs. August 06, 2026 Novo co-founder Tyler McIntyre joins as Head of Banking; OpenFX will be launching a waitlist for their multi-currency accounts product, the first one hundred companies to join the waitlist receive $30,000 in fee credits MIAMI, Aug. 06, 2026 (GLOBE NEWSWIRE) - OpenFX, the real-time cross-border money movement platform, announced today that it has acquired Global Ledger, founded by Tyler McIntyre. McIntyre previously built and co-founded Novo, a neo-bank serving >300,000 business last valued at over $700M. McIntyre is joining as Head of Banking to accelerate OpenFX's product expansion and launch multi-currency accounts, with a waitlist available today. These accounts will let a company's customers pay it locally in their own currency, and let the company hold what arrives rather than converting on receipt. OpenFX is launching with named USD accounts that send and receive over ACH, Fedwire and SWIFT, paying into and out of more than 100 countries, with more to follow. The rails on either side do not need to match: a company can hold dollars and pay a supplier in India over UPI, or give a counterparty a vIBAN and receive USDC in its wallet near instantly. Multi-currency accounts are the second pillar of the company's Embedded FX strategy, designed to bring API-driven, reliable, end-to-end payment solutions to treasury product managers. Because they sit alongside OpenFX's world-class liquidity product, clients will be able to book a currency conversion and hold the converted funds immediately, without moving assets to an outside bank or reconciling against a third-party statement. As Head of Banking, McIntyre will lead the accounts product, the growth of OpenFX's licensing footprint across the markets its clients operate, and the work of enhancing their world-class APIs to ensure every account is fully programmable from launch. The goal is for clients to soon be able to offer these accounts to their own customers. Fintechs operating across borders generally need a separate banking relationship in every market they serve, and companies that touch digital assets have persistent difficulty obtaining and keeping those accounts. Closures often come with no stated reason, and only a few weeks' notice. In a survey of crypto and Web3 firms published by the UK Cryptoasset Business Council, Startup Coalition and Global Digital Finance, half of respondents had either been rejected when applying to a major bank or had an account closed, and only 14 percent opened an account they were able to keep. Three quarters reported turning to institutions they considered riskier. "Traditional financial institutions often see payment companies as more risky than they are because they don't fully understand the structure of their business, so their best answer is to de-bank them," said Prabhakar Reddy, founder and CEO of OpenFX. "We already move billions of dollars for these companies every day. We know these flows well, which is why we can provide them with more reliable service. Tyler has spent a decade building accounts that businesses want to use, and he saw earlier than almost anyone what modernizing rails mean for banking. We share the same goal, no one should have to think about how their banks works, it should just work." "Stablecoins are the first payment rail that works instantly everywhere and never closes. The obvious thing to build on top of a rail like that is an account," said Tyler McIntyre, Head of Banking at OpenFX. "I started Global Ledger so a business could hold, send and receive money in any market as if it banked there. OpenFX had already built the settlement network and the liquidity product those accounts depended on, working together felt like a no-brainer." Terms of the acquisition were not disclosed. The waitlist is open at [openfx.com/accounts]. The first 100 companies to join will receive $30,000 in fee credits to offset the cost of migrating. OpenFX's platform settles transactions across more than 40 currency pairs, with the majority completing in under an hour, and operates continuously, including weekends and holidays, when traditional settlement systems are closed. About OpenFX OpenFX is building the financial market infrastructure for the modern economy through its real-time cross-border money movement platform and settlement network. By combining stablecoin rails with innovative last-mile liquidity sourcing models, OpenFX enables near-instant FX settlements across borders, making money transfers 99 percent faster, up to 90 percent less expensive, and available 24/7/365. Founded in 2024 by serial entrepreneur Prabhakar Reddy, former co-founder of FalconX, the company has grown to a global team operating across the U.S., UK, UAE and India. OpenFX's platform supports more than 40 trading pairs and serves established fintech companies, neobanks, remittance providers and global payroll platforms. Learn more at www.openfx.com. Media Contact [email protected] AAPR aggregates press releases and media statements from around the world to assist its news partners with identifying and creating timely and relevant news. All of the press releases published on this website are third-party content and AAP was not involved in the creation of it. Read the full terms.
Cyclops has raised a $20M Series A led by Nava Ventures, with participation from Coinbase Ventures, Castle Island Ventures, Circle Ventures, GPT Ventures and Lasagna Ventures, to build the end-to-end stablecoin platform for global payments companies.
OpenFX has acquired payments infrastructure firm Embed, giving the company its first regulated presence in the European Economic Area and United Kingdom. Embed holds licences in all EEA states and the UK via the Financial Conduct Authority. The deal is expected to close in the third quarter pending regulatory approval. Financial terms were not disclosed. Embed's founding team will take operational roles at OpenFX, whilst engineering and finance staff will join the parent company. OpenFX emerged from stealth last year with $23 million in funding and raised a further $94 million in a Series A round in March. The company is building global financial infrastructure to enable cross-border payments, positioning itself as the platform through which remittance companies, neobanks and payroll processors can operate without rebuilding infrastructure.