Revolutionizing FX with transparency, speed, and direct negotiation for businesses.
Our startup, Open2x, intends to disrupt the antiquated banking-dominated foreign exchange (FX) system. We offer businesses direct control of their FX transactions, eradicating hidden charges and intermediary delays associated with traditional FX, while providing instant execution and rate negotiation. By incorporating FX and business accounts, Open2x positions itself as a streamlined, cost-effective alternative to standard banking FX models.
Vision: Empowering businesses with transparent, rapid, and flexible FX control. Mission: Streamlining FX transactions for cost-efficiency and business empowerment.
Our customers are SMEs and mid-sized companies that engage in international transactions and seek lower FX costs, transparency, and faster settlements without relying on traditional banks.
open2x solves the problem of slow, costly, and opaque FX transactions. Traditional banking FX relies on intermediaries, hidden fees, and delays. Our platform eliminates inefficiencies, allowing businesses to negotiate FX rates directly, reduce costs, and settle transactions instantly—saving time, money, and frustration while ensuring full transparency and control.
The problem is serious because businesses lose millions in hidden FX fees, suffer delays, and lack control, limiting cash flow, profitability, and growth in an increasingly global economy.
Open2x allows businesses to instantly negotiate FX rates and execute transactions, effectively reducing costs and offering full control over foreign exchange operations.
Blockchain, AI for automated negotiations, and fintech APIs for seamless integration.
Open2x consolidates direct FX negotiation and instant transactions on a secure, ledger-powered platform for cost reduction and transparency.
Open2x grants businesses control, speed, and cost savings in FX transactions, eliminating hidden costs and delays of traditional banks.
We estimate the market size for which our solution is designed in monetary terms as follows
Is our goal in the next 3 years
Co-Founder
In addition to our current team, we're looking to onboard sales/marketing professionals and customer experience specialists to broaden our reach.
Your potential competitors also extend to any platform or service that provides international monetary transactions for businesses. This could include PayPal Business, CurrencyFair and Airwallex. Your Unique Selling Proposition (USP) of transparent, speedy, business-oriented FX gives you an edge over these more generic providers.
Open2x revolutionizes FX transactions with a ledger-powered platform, offering businesses direct rate negotiation, instant execution, and total transparency. We remove mediators and hidden fees for faster, more affordable currency trading than traditional banks or fintechs.
Our revenue comes from transparent service fees on FX transactions. Clients pay for prompt execution, rate negotiation, and seamless integration.
In the past six months, we have engineered an MVP for open2x, honing our FX platform utilising ledger technology. We've successfully validated cost-effective instant execution via beta testing and garnered key strategic alliances. Currently geared towards seamless BaaS integration, we're ready to scale and penetrate wider markets.
Before exhausting funds, open2x aspires to scale our FX platform, broaden customer intake, optimize liquidity management and secure necessary regulatory permissions as well as establish key alliances. Our goal is conclusive market traction with robust transaction volumes and retention rates for sustainable revenue or future fundings.
Our product metrics highlight an upward trend in transaction volumes and expedited executions, signifying substantial demand for cost-effective foreign exchange solutions.
Our company incorporated in
Main risks include regulatory compliance in multiple countries, potential market volatility affecting FX rates, and competition from similar fintech startups or traditional banks launching similar services.
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100000
We raised investments
Our startup has significant backing from founders and early investors specializing in FX and fintech. We are prospecting for more investments, but specific equity details remain confidential.
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Currently, we are raising investments
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The pre-money valuation of open2x is currently being assessed based on market opportunity, traction, and revenue potential
Estimated pre-investment valuation of the company
