The co-founders of fintech unicorn Airwallex, are launching an early-stage venture capital fund to invest invest in tech startups supporting the payments platform. The fund, named Capital 49, plans to raise US$200 million (A$270m) through the Airwallex founders and other investors. Capital 49 has completed investments in two fintech firms. The VC is planning to… Read more »
Melbourne fintech Airwallex has topped up its Series D round by 50%, raising an extra US$100 million (A$130m) for a total of US$300m. The raise gives the privately owned business a new valuation of US$2.6 billion. The company is hoping to generate $100 million in revenue this year. Airwallex says the funds will be used… Read more »
Airwallex took out four major awards at the 2020 Finnies, including the top prize, Fintech Organisation of the Year and the People’s Choice Award. The company also received the Excellence in Payments award, while the Melbourne-based global unicorn’s co-founder and president, Lucy Liu, was named Emerging Fintech Leader of the Year. Airwallex and Athena Home… Read more »
Airwallex has topped up its US$160 million (AU$254m) series D raise from April with an extra US$40 million ($57m) with Skip Capital, the family investment fund run by Kim Jackson with her husband, Atlassian co-founder Scott Farquhar. Regular backer Square Peg Capital also returned for the latest cash injection, which continues to value the… Read more »
Canva, Airwallex and Culture Amp make the Forbes Cloud 100 list of the world’s top private companies
Australian design giant Canva has cracked the top 10 for the first time in the annual Forbes Cloud 100 list, which rank the world’s top private cloud companies. Canva came in at no. 7, with Melbourne fintech Airwallex at 61 and employee experience platform Culture Amp at 80, as the three Australian cloud-based tech startups to make… Read more »
Airwallex has raised US$160 million (AU$254m) in Series D to fund its expansion in Europe and the US. New investors, including ANZi Ventures and Salesforce Ventures, joined previous backers, including DST Global, Tencent, Sequoia Capital China, Hillhouse Capital and Horizons Ventures, in the raise. The funding will also be used to expand its product… Read more »
By now, all of us have been impacted by the COVID-19 crisis in one way or another. It has brought a global economic shutdown, and with it, a great number of businesses, especially small businesses, are struggling. Many are still coming to terms with the severity of this crisis and its long-term implications while figuring… Read more »
These are strange times we live in. The global COVID-19 pandemic has introduced a new reality for all of us, with businesses reeling most from the impact and introducing significant changes. Many workforces across the world have turned to remote working, as travel restrictions and work-from-home directives are now widespread and mandated. Airwallex’s China office… Read more »
Melbourne fintech Airwallex is launching a new global payments product for business in a partnership with credit card giant Visa. The fintech says the Airwallex Borderless Card for businesses will save companies time, cost and hassle on international transactions. “The collaboration focuses on innovative multi-currency cross-border payment solutions for businesses, bringing together Airwallex’s market-leading international… Read more »
Fintech Australia board members at The Finnies (l-r), Lauren Caplin of Reinventure, Simone Joyce of Paypa Plane, chairman Alan Tsen, GM of Stone & Chalk Melbourne, Carla Harris of Longevity, Melissa Mack of MoneyPlace, GM Rebecca Schot-Guppy, and Tim Dean of Credi.com. Up Bank, Airwallex and Afterpay are among the major winners of the 2019… Read more »
Melbourne-founded fintech Airwallex is the latest Australian startup to hit unicorn status following the closing of a US$100 million ($141 million) Series C round led by DST Global.
Melbourne-based fintech startup Airwallex has raised US$80 million ($109 million) in a Series B funding round, the second largest for an Australian startup to date.
Airwallex has secured a further US$6 million ($8.73 million) in follow-on Series A funding from local VC firm Square Peg Capital.
Australia is the top nation, alongside Brazil, facilitating the largest fintech deals outside the global core markets, according to a CB Insights report.
Airwallex has announced that it has closed a US$13 million Series A round to help fuel the release of new API and expand internationally.