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Airwallex launches startup deal

- May 1, 2024 < 1 MIN READ
Matthew Sek
Matthew Sek from Airwallex
Airwallex is offering to waive initial FX fees for startups as part of a new program for the sector.

The foreign exchange fintech has launched Airwallex for Startups, with vice president of small-to-medium enterprises and growth, Matthew Sek, saying it’s been designed to unlock growth opportunities for startups and help them get their finances in order and manage money more effectively.

“As a homegrown startup turned global fintech, we have an important role to play in supporting Australian startups as they navigate the opportunities and challenges of growing a business,” he said.

“Whether it’s connecting them with mentors, VCs or partners, giving them a $50,000 payment acceptance fee waiver to onboard their first customers, or sharing templates and tools to simplify their finance function, this is the go-to program for ambitious startups.”

Sek said the initiative includes practical resources, networking and content opportunities, product offers from Airwallex and others within the startup ecosystem, and the chance to win an $10,000 Business Acceleration Grant.

“Mastering your financial foundations is essential to any business’ success. We will bring together the experts – including established founders and finance leaders – to share practical guidance so you can do exactly that,” he said.

Free and open to registered businesses with 2-100 employees. It also includes $0 fees and 0% margin on the first $50,000 in FX conversions in a capital raise; and free employee cards for cofounders. 

Founders will also have access to guidance and offers from ecosystem partners in areas ranging from ESOP (Employee Share Option Plans) and insurance, to AI workforce tools and board support. Launch partners include Cake, upcover, Relevance AI and Luna.

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