Australian-based Airwallex, one of the world’s fastest-growing digital payments companies, recently closed a US$ 100 million Series C funding round and a US$ 300 million Series D funding round that have significantly increased its valuations. Founded in 2015, Airwallex is a payments platform developed to make cross-border payments and global operations easier, faster and more cost-effective. This funding round, which brings Airwallex’s total funding to US$ 550 million, is a major milestone in the company’s journey and demonstrates its impressive growth since its inception.
Overview of Airwallex
Airwallex was established by Jack Zhang, Lucy Liu, Max Li, Katherine Zhang and Kiinn Wee Tan in 2015. The company is a payments platform founded to facilitate cross-border payments and global operations for businesses. Airwallex’s cloud-based platform enables businesses to manage and track payments, reduce cross-border transaction fees, and access a global network of local banking partners. The company offers multiple services including foreign exchange, payment solutions, data analytics, financial infrastructure and more. Airwallex also provides its customers access to insights based on real-time FX rates and market conditions, as well as a range of third-party integrations.
Series C and Series D Funding Rounds
Since its founding, Airwallex has received a total of US$ 550 million in funding from various investors including Tencent, DST Global, Salesforce Ventures, Hillhouse, Gobi and Square Peg. The company’s most recent funding rounds – the US$ 100 million Series C and US$ 300 million Series D funding rounds – brought its total Series C and Series D funding to US$ 400 million. In the Series C funding round, Airwallex received funding from Tencent, GGV Capital, Temasek, Sequoia and Horizons Ventures. The Series D round was led by DST Global, with participation from Tencent, Square and existing investors.
Impact of the Funding
The new funding will allow Airwallex to accelerate product development and expand its reach in key markets. The company plans to use the funds to build out its infrastructure, invest in new technologies and strengthen its presence in Europe, the Americas and the Asia-Pacific region. Airwallex will also focus on enhancing its existing services and building out new solutions for its customers.
The funding rounds also demonstrate Airwallex’s impressive growth since its founding, and the company’s rapid expansion in different regions. The company has grown from a handful of customers in 2015 to almost 4,000 customers and over 250,000 traders across 150 countries today. Airwallex’s total payments processing volume has increased by over 6X since the start of 2021, and the company’s valuation has risen to US$ 4 billion in the most recent funding rounds.
Airwallex’s recent US$ 100 million Series C and US$ 300 million Series D funding rounds mark a major milestone in the company’s journey and are a testament to its impressive growth since its founding in 2015. The new funds will allow Airwallex to accelerate its product development, expand its reach in key markets and enhance its existing services. The successful funding rounds demonstrate the company’s rapid expansion and its growing popularity in different regions, as well as its increasing valuation.
Q1. What is Airwallex?
A1. Airwallex is a payments platform founded to facilitate cross-border payments and global operations for businesses.
Q2. Who founded Airwallex?
A2. Airwallex was founded by Jack Zhang, Lucy Liu, Max Li, Katherine Zhang, and Kiinn Wee Tan in 2015.
Q3. How much has Airwallex raised in total funding?
A3. Airwallex has raised a total of US$ 550 million in funding from various investors.
Q4. What is airwallex 100m lone pine capital september?
A4. Airwallex’s US$ 100 million Series C funding round was led by Tencent, GGV Capital, Temasek, Sequoia and Horizons Ventures in September 2021.
Q5. What is australiabased airwallex 100m 300m?
A5. Australia-based Airwallex closed a US$ 100 million Series C funding round and a US$ 300 million Series D funding round in 2021, bringing its total fundraising to US$ 550 million.
Q6. About australiabased airwallex 200m series 4b.
A6. Airwallex closed a US$ 200 million Series D funding round in 2021, taking its total fundraising to US$ 550 million and valuing the company at US$ 4 billion.