Airwallex

Airwallex is an Australian international translation service for business.

History

2021: Raising $200 million

At the end of September 2021, Airwallex announced the raising of $200 million as part of the Sereis E financing round, following which it fintechstartup was estimated at $4 billion. Among the investors was the fund. DST Global Yuri Milner

This deal followed an expanded Series D capital raise in March 2021, consolidating Airwallex's position as one of the fastest-growing unicorns in an unprecedented business environment influenced by COVID-19.

Yuri Milner Foundation invested in Australian international transfer service for business Airwallex

The latest round was led by Lone Pine Capital. The round was also joined by new investors G Squared and Vetamer Capital, as well as existing investors, including 1835i Ventures. Salesforce Ventures and Sequoia Capital China also participated in the program. By September 2021, Airwallex attracted a total of $700 million in investments.

The investment will support the global expansion of Airwallex and will allow the company to accelerate numerous product development initiatives in five engineering centers, expand its sales and commercial teams, as well as increase the range of offers for small and medium-sized businesses and large companies operating in the digital economy.

We are pleased to welcome Lone Pine Capital and our new Silicon Valley investors. Their wealth of experience, vision and success in the industry are a significant indication of our business and global growth strategy. From the very beginning, our goal was to create a global financial operating system that will allow modern enterprises to work without borders. This additional capital will allow us to expand our presence in North America, the UK, Europe and other new markets, including the Middle East, South America and Southeast Asia, and become the dominant leader in global payments, said Airwallex co-founder and CEO Jack Zhang.

In 2021, Airwallex almost doubled the number of employees and September 2021 has almost 1 thousand employees in more than 20 locations around the world. The company launched a number of new products and reached important milestones in the implementation of its global expansion plans: in August 2021, the company opened a business in the United States, and also received an EMI license in the Netherlands and a Money Services Business license in Malaysia.^[1]

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