Airwallex raises $160m in Series D funding to fuel global expansion
Hong Kong-based financial infrastructure firm Airwallex has raised $160 million in a Series D funding round featuring participation from Salesforce Ventures, Tencent, Sequoia Capital China, and DST Global.
The latest round brings Airwallex’s total raised since its 2015 founding to $360 million. The firm plan to use the fresh injection of cash to support its continued global expansion through customer acquisition and licencing, with a focus in Europe and the US.
It also plans to expand its product line to include new payment acceptance capabilities via an in-house gateway solution, as well as partner integration.
“The global shift to digital is imminent,” says Jack Zhang, CEO and co-founder of Airwallex.
“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.”
Founded in Australia and based in Hong Kong, Airwallex aims to help create low-cost, high-speed and transparent international available via application programming interfaces (APIs), as well as its business account and card.
The firm has over 420 employees across 10 international offices. It achieved unicorn status in March 2019 when it raised $100 million in a Series C lead by DST Global.