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Prabhakar Reddy

Prabhakar Reddy

Founder and CEO of OpenFX, the cross-border payments company he started in 2024; previously co-founded crypto prime broker FalconX and worked at Accel.

Sep 8, 2026

AbhilHOST
1:01
It's a pleasure
1:02
to be here.
1:02
Looking forward to having a fruitful discussion today.
1:05
When did you start the business? All right, so the company was officially started in January of 2024, but the idea and the research was happening a few months prior to that.
1:17
And let's talk about the origin story of OpenFX for a minute here.
1:20
I actually did start this company with the intent of starting the company.
1:24
You know, I actually went down this rabbit hole of peeling various layers of the onion to understand how global cross-border money moment works.

7 MINS LATER

AbhilHOST
8:40
Yeah, that's collections.
2:23
Do you want to tell the story of your journey from Falcon X to seeing queues outside of Western Union?
2:30
Sure, context is everything here.
2:32
So let me just lay that out.
2:33
I actually grew up in Dubai.
2:35
So 80s, 90s, grew up lower middle class, if anything.
2:40
We were sending money via Western Union back home several times.
2:42
So for decades, I saw lines and lines outside, you know, all of these Western Unions and reputations houses.

8 MINS LATER

11:13
But talk to me about like, do you see this, you know, the business you're in and stable coins more broadly, one day being more competitive in the G10 currency space and solving more problems beyond it? Or is this sort of a long tail market story?

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