Automated Treasury Helps Push OpenFX Past Its $70B TPV Milestone

We crossed $70 billion in annualized payment volume this month, up from $60 billion four weeks ago.

We got here the way we always do, expanding volume across some of the hardest corridors in the world, the markets most providers avoid because the operational work is too difficult and the margins look too thin.

Latin America continues to drive, with demand across Mexico, Colombia, Brazil, and Argentina showing no signs of slowing.

This is the core of what we do, and it remains the engine of our growth.

This month, however, I wanted to highlight the demand we are seeing from a part of the business we don’t talk about as much as liquidity: API.

In the last 30-days, API transaction volume has jumped nearly 45%.

Infrastructure for Automated Treasury

Our API lets clients automate the full lifecycle of a cross-border transaction: quotation, execution, and settlement, all of it programmatic, all happening at the speed and scale our clients need.

This is a big change for many players in this space, particularly those operating in emerging markets. We wrote recently about how a meaningful share of the $9.6 trillion daily FX market still moves through private chat rooms on Telegram and Signal, million-dollar transactions confirmed with screenshots and thumbs-up emojis.

This persists mostly because the alternatives were not designed for the particularities of complex corridors.

Our API is.

Why Clients Are Adopting It

The thing our clients tell us they value most is how quickly they can get started.

We've gotten onboarding down to less than a week in most cases, sometimes less than 48 hours. A payments company can go from first conversation to live, automated transactions before a traditional provider would have finished the paperwork to open an account.

When the barrier to entry is this low, companies that were managing treasury by hand, or stitching together coverage from multiple providers, can consolidate onto a single system seamlessly.

And once they're on, they grow.

Built to Scale Your Business

The most interesting thing we're seeing is what clients do after they integrate.

Many of them aren't just using our liquidity for their own transactions, they’re using it to scale their business. They're building cross-border payment products with OpenFX as the infrastructure underneath.

Some clients we’ve seen in our data have doubled their volume with us in a single month, not because of pricing or promotions, but because their own businesses are growing, and our infrastructure scales with them as they go.

Since the beginning our mission has been to become modern FX infrastructure for the hardest corridors in the world, and this is what that looks like. We are acting as the foundation that other payments companies build on, the way developers build on the cloud rather than purchasing their own data centers.

$70 billion is a fantastic milestone, but it’s going to be automating treasury that leads the way to $100 billion.