# Miami's OpenFX Launches Venture Arm

> OpenFX starts venture fund backing payments startups in Miami.
- Title: Miami's OpenFX Launches Venture Arm · Dealroom | Shortify
- Summary: OpenFX starts venture fund backing payments startups in Miami. OpenFX launched a venture arm to invest in early-stage payments startups using stablecoins.
- Keywords: openfx, jeeves, cyclops, stablecoins, payments, miami, ventures, fintech, startups, business, Miami's, Launches
- Source: Dealroom — https://dealroom.co/news/163459-miamis-openfx-launches-venture-arm-backs-jeeves-and-cyclops
- Published: 2026-10-17T15:13:12+00:00
- Read time: 1 min
- Topics: openfx, jeeves, cyclops, stablecoins, payments, miami, ventures, fintech, startups, business
## OpenFX launches venture arm
OpenFX, the cross-border payments company, has launched OpenFX Ventures, a corporate investment arm backing early-stage payments startups.
## Backs Jeeves and Cyclops
It has already backed two other Miami fintechs: Jeeves, which raised $110 million in September, and Cyclops, which raised $20 million in July.
## Invests in payments infrastructure
The fund will back founders across the US, Europe, Latin America, and APAC targeting credit on blockchain, routing and clearing infrastructure, and AI-native payment operations.
## Key takeaway

OpenFX launched a venture arm to invest in early-stage payments startups using stablecoins.