$20B to $34B TPV In 30 Days

We added +$14B in payments volume in October 2025.

That's more than we added in the previous five months combined.

Twelve months to scale from $0 to $8B annualized TPV.
Five months to scale from $8B to $20B.
30 days to scale from $20B to $34B.

The inflection point everyone talks about? We're in it.

What changed: LATAM is scaling

We completed our expansion across Latin America. Mexico (MXN). Argentina (ARS). Brazil (BRL). Colombia (COP).

These aren't simple corridors. They're operationally complex markets with high volatility and regulatory frameworks that vary wildly. The kind of markets where traditional settlement times can stretch to 5+ days and fees can exceed 500 basis points.

In October, 86.3% of our transactions settled in under 10 minutes.

Whether you're moving $50M or $250M.
Whether it's USD<>EUR or USD<>MXN or GBP<>AED.
Whether it's a G7 pair or an exotic corridor.

The infrastructure we built doesn't break under complexity or volume - it scales with it.

The "Instant Settlement" Gap

I spent three days at Money20/20 Vegas last week. Sat through several product demos. Every single one claimed to offer "instant settlement."

Not one could show me a $100M USD-MXN settlement executing in under 10 minutes. Not even 60 minutes.

We do it dozens of times per day, each week.

Here's what I learned: when most companies say "instant settlement," they mean one of three things:

1. G3 Only: USD, EUR, GBP - and that's it. Their infrastructure breaks the moment you try exotic pairs at scale.

2. Test Volumes Only: $1M? Instant. Maybe $5M. Need to settle $20M? $50M? $100M? Suddenly it's not so instant anymore.

3. USD to Stablecoin Only: Fast conversion from dollars to USDC isn't settlement - it's table stakes. Real settlement means your Mexican supplier receives pesos in their local bank account. That requires liquidity depth, local payment rail integration, and treasury operations that can handle volatility 24/7.

   
   

Real instant settlement means reliable speed across exotic pairs at institutional volume.

That requires three things most players don't have:

• Liquidity depth that doesn't evaporate when you need it most

• Local payment rail integration in volatile markets (PIX in Brazil, SPEI in Mexico, PSE in Colombia)

• Fully automated treasury operations that maintain speed regardless of market conditions or time zones

We built all three from day one. That's why 86% of our October transactions settled in under 5 minutes - including the complex ones.

The Next Wave: Entering SEA

We're bringing the same infrastructure approach to Southeast Asia in Q1. 

Hong Kong. Philippines. Singapore.

Why these three markets?

They represent the next layer of complexity:

• Different regulatory frameworks (Hong Kong's licensing, Philippines' remittance focus, Singapore's fintech ecosystem)

• Different payment rails (FPS in HK, InstaPay/PESONet in PH, PayNow in SG)

• Different liquidity dynamics (deep in HK/SG, fragmented in PH)

Same thesis: if we solve settlement in the hardest markets, we build defensible infrastructure.

Our APIs and treasury management tools are scaling to support partners in these regions. Reliable rails built for markets that now move at the speed of data.

The Flywheel Is Accelerating

Every 6 days, we add $2.4B in TPV.

That pace is accelerating because:

More liquidity → Tighter spreads → More competitive pricing → Higher volumes → Deeper liquidity (repeat)

More corridors → More customer use cases → More transaction flow → Better unit economics → Faster expansion (repeat)

Faster settlement → Lower working capital needs → Better customer economics → Higher retention → More referrals (repeat)

Money Moves Like Data

The future we see: money moves as freely as data.

Not metaphorically. Literally.

When you send an email, you don't think about SMTP servers, routing protocols, or settlement windows. You hit send. It arrives. Instantly. Globally.

That's the bar for cross-border payments.

The flywheel is accelerating.
The gap is widening.
The category is forming.

If you're ready to move from 2-day settlement to 5-minute settlement, we should talk. hello@openfx.com