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.
Cohort Go enables students to pay in their own local currency, and offers them rates usually only available to large corporates.
Airwallex has secured a further US$6 million ($8.73 million) in follow-on Series A funding from local VC firm Square Peg Capital.
Sydney-based open banking startup Basiq has secured seed investment from NAB Ventures and Westpac’s VC fund Reinventure Group.
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.
Airwallex, which looks to give individuals and small businesses access to interbank mid-market exchange rates, has raised $4.5 million in a pre-Series A funding round.