--- title: 'Commercial Legal Counsel at OpenFX' canonical: 'https://feeny.ai/job/commercial-legal-counsel-openfx-miami-usa-london-uk-amsterdam-ncq1hndb7v18' type: 'job' last_seen: '2026-10-16' --- # Commercial Legal Counsel at OpenFX - **Company:** OpenFX - **Location:** Miami Usa London UK Amsterdam, Netherlands - **Posted:** 2026-10-09 - **Last confirmed live:** 2026-10-16 - **Apply:** https://job-boards.greenhouse.io/openfx/jobs/5449084008 ## Job description ## About Us OpenFX is on a mission to move money as freely as data, unrestricted by time zones, banking hours, or legacy systems. We are building the infrastructure that will power the next generation of cross-border payment systems for institutions. The team's execution has been exceptional, and we're scaling at a remarkable pace. Our stellar early team brings experience at companies such as J.P. Morgan, Goldman Sachs, FalconX, PayPal, Affirm, Polygon, Kraken, Nium, Visa, Mastercard and others. We're backed by Accel, Lightspeed, M13, Northzone, Pantera, and other top-tier investors. ## About the Role As Commercial Legal Counsel, you will run the commercial deal desk end-to-end and be the lead lawyer supporting OpenFX’s Go to Market team. You will create new global contractual frameworks to support our expanding set of products and markets, create templates for our partnership arrangements with local financial institutions, build and manage a Contract Management System, and expand our processes leveraging AI to enable the Legal team to rapidly and efficiently review and negotiate agreements and onboard new clients. ## What You'll Do - Own the full commercial contracting lifecycle for our global customer relationships. - Build and maintain the commercial legal playbook - templates, fallback positions, approval thresholds, and  escalation paths so standard deals close without bespoke lawyering. - Create systems and processes enabling the team to leverage AI for first-pass contract review, issues lists, and clause comparison, and build reusable AI workflows that compress cycle times across the whole legal function. - Advise the team on deal structure, pricing and fee terms, service levels, liability and indemnity positions, and settlement and funds-flow mechanics. - Partner with regulatory Legal, Compliance, and Product on how regulatory requirements land in contract terms and customer-facing documentation. - Serve as the lead Counsel advising the global Go to Market team. ## What You Should Bring - 10+ years of legal experience, with substantial time in commercial legal roles and in fintech, payments, or financial services - in-house at a high-growth company, at a top-tier firm, or both. - General knowledge of the regulatory frameworks related to cross-border payments and digital assets - money transmission, e-money, MiCA, and stablecoin issuance and payments. - Outstanding analytical and written and verbal communication skills. - Comfort with ambiguity and ability to devise creative solutions to solve problems. - A bias for action and ability to excel in a fast-paced environment. - Strong cross-functional collaboration skills. - Humility and commitment to being a team player. - Excitement about building a company and working on complex issues at the cutting edge of payments, crypto and and technology. - J.D. or equivalent, with active bar admission in good standing in at least one U.S. jurisdiction. Even Better - Experience as an early hire standing up a commercial legal function from scratch. ## What We Offer - Equity in an early-stage, rapidly growing company - Competitive salary and benefits package - Ability to work at the cutting edge of transformational change in global payments - Collaborative work culture - Significant opportunity for professional growth We are committed to building a diverse and inclusive workplace. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status. ## About OpenFX ## Company Overview - **One-liner**: OpenFX is building a modern, real-time settlement network that replaces outdated cross-border payment systems, enabling businesses to move money globally with 99% faster settlement and significantly lower costs. - **Entity Type**: Private (Series A) - **Headquarters**: Miami, Florida, United States - **Founded**: 2024 - **Founders**: Prabhakar Reddy (Founder & CEO) ## Core Business - **Primary industry/industries**: Financial Services, Cross-Border Payments, FX (Foreign Exchange) Infrastructure, Fintech - **Target customers**: B2B; finance teams at enterprises and businesses of all sizes that need to move money across borders; companies needing embedded financial infrastructure. - **Mission or purpose statement**: "Make money move as freely as data." The company aims to create an open, transparent, and accessible network where settlements occur in seconds, costs are reduced from percentage points to basis points, and trade execution is programmatic (via APIs) and available 24/7/365. ## Products & Services - **Real-Time Settlement Network**: A proprietary platform that bridges previously isolated domestic payment networks and optimizes capital flows, bypassing the complex correspondent banking system. It delivers 24/7/365 operations, with most transactions settling in under 60 minutes. - **FX & Treasury Management**: Seamless, low-cost FX liquidity available 24/7, with transparent pricing (0.01-0.3%) and zero hidden costs. - **Embedded Financial Infrastructure**: APIs that allow companies to integrate global money movement directly into their own platforms. - **Real-Time Tracking & Reporting**: Enhanced transparency with real-time tracking and detailed reporting for all transactions. ## Market Standing - **Valuation**: Not publicly disclosed. - **Key Metric - Total Funding**: **$117 million** across three rounds. - **Funding History**: - **Series A (March 2026)**: $94 million, led by Accel with 8 investors. - **Venture Round (June 2025)**: $23 million, led by Accel with 6 investors. - **Seed Round (June 2024)**: Undisclosed amount with 1 investor. - **Notable Investors/Partners**: **Accel** is the lead investor across all rounds. Other investors include a total of 8 in the Series A and 6 in the Venture Round. - **Growth Signals**: - Processes **billions in annualized payment volume**. - Experienced rapid headcount growth of **+12.5% monthly** (currently ~50 employees). - Active job postings have grown **+30.8% monthly** (17 open roles). - Global team operating across North America, Europe, Middle East, and Asia (7 countries). - Team includes alumni from major fintech and finance firms like Affirm, Revolut, Coinbase, PayPal, Visa, Mastercard, JP Morgan, and Goldman Sachs. ## Competitive Advantages - **Speed & Cost**: Claims to be 99% faster (most transactions settle in <60 mins vs. 2-7 days) and 80% cheaper than traditional FX and correspondent banking systems. - **24/7/365 Operations**: The platform operates continuously, including weekends and holidays, unlike the traditional market which shuts down. - **Proprietary Technology**: Built a new settlement infrastructure from the ground up to bypass the complex, multi-layered correspondent banking system, optimizing capital flows through proprietary routing technology. - **Institutional-Grade Security**: 99.99% uptime and robust security measures. - **Experienced Team**: Founded and staffed by serial entrepreneurs and experts from top-tier financial and technology companies. ## Strategic Focus - **Global Expansion**: The company has regional heads for North America, Latin America, Europe, the Middle East, APAC, and Africa/India, indicating a strong focus on global market penetration. - **Becoming the Digital Backbone**: By 2030, OpenFX envisions itself as the critical digital backbone of global finance, processing trillions through its settlement network. - **Product Development**: Actively hiring for product roles focused on API, payments, currency expansion, and onboarding, signaling a push for product maturity and feature depth. - **Compliance & Licensing**: Hiring for Heads of Compliance and Licensing in the Americas, UK, and UAE, indicating a strategic focus on regulatory compliance across key markets. ## Why Work Here - **Culture & Values**: The company emphasizes "Velocity" (swift response, strategic speed), "Trust & Ownership" (autonomy, radical responsibility), and "Respect" (collaboration over ego). The mission is to "make money move as freely as data." - **Remote/Hybrid/Office Policy**: The company has a global, distributed team with hubs in Miami (HQ), London, Dubai, Bengaluru, and other locations. Many roles are listed as "Remote (USA)" or "Remote (EMEA or APAC)", suggesting a flexible, remote-friendly culture. - **Notable Perks & Engineering Culture**: The company is building infrastructure for the next century of global commerce. The engineering team is building a new settlement network from the ground up, offering a challenging and impactful technical environment. The team is composed of veterans from top tech and finance firms, providing a high-caliber peer group. - **Growth Trajectory**: With $117M in funding, rapid headcount growth, and ambitious goals, OpenFX offers the opportunity to be part of a high-growth startup at a critical stage. - **Diverse & Global Team**: The company has a strong international presence with teams across 7 countries, offering a diverse and global work environment. ## Sources 1. [openfx.com - Company Page](https://www.openfx.com/company) 2. [openfx.com - Careers Page](https://www.openfx.com/careers) 3. [openfx.com - Homepage](https://www.openfx.com/) 4. [Greenhouse - OpenFX Jobs](http://job-boards.greenhouse.io/openfx) 5. 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