US-based fintech OpenFX‘s acquisition of Amsterdam-based Embed expands EMBEDDED FINANCE by giving the Miami-based cross-border payments platform, which processed over $60 billion in annualized FX volume in April 2026 and raised $94 million in a Series A in April from Accel, Pantera Capital, Lightspeed Venture Partners, and M13. This is its first regulated presence in the EEA and UK through Embed’s Dutch Payment Institution license (with EU passporting) and UK Electronic Money Institution license. The deal also comes with plans to pursue a MiCAR license to build a comprehensive stablecoin payments regulatory stack across both jurisdictions, and will be supported by new OpenFX offices in London and Amsterdam, backed by European investors Northzone and Atomico. Strategically, OpenFX’s acquisition of Embed reflects a broader truth in cross-border payments: you cannot passport your way into being local.

OpenFX Acquires Dutch Fintech Embed to Advance European Expansion