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Fintech Unicorn Of Australia Airwallex Raises $160M Funding

Australian fintech unicorn Airwallex, raised $US160 million in a fundraising round led by the investors such as ANZ and Salesforce.

Existing investors such as Tencent, Sequoia Capital China, DST Global, and Horizons Ventures also participated in the round bringing the total raised by the startup to $362 million.

We are delighted to share that Airwallex has raised another US$160M in additional funding. We continue to believe there is a strong need for an alternative financial services solution for businesses, even more so in the current economic conditions. — Airwallex (@airwallex) April 16, 2020

Airwallex will use the funds in expanding its growth in Europe, the US. Last year, Airwallex launched its offices in Tokyo, Bangalore, and Dubai.

Chief executive Jack Zhang said soon all businesses would operate and conduct their affairs online:

“From the very beginning, our vision has been to lead the transformation of global financial infrastructure. We have stayed true to our vision by building the Airwallex platform with fast and agile technology, continually improving our product and investing in dedicated support teams.”

Ron Spector, managing director of ANZi Ventures, said Airwallex was one of Australia’s fintech leaders and the investment was strategic for ANZi:

“We look forward to working further with the team to support their vision of building a next-generation digital payments platform for SMBs and enterprises globally.”

The startup has expanded its offering over the last year to include a borderless card in partnership with Visa and integration with accounts platform Xero.

Official Source: Airwallex | Image: Unsplash



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