Airwallex raises $200M at a $4B valuation to double down on business banking

Airwallex raises $200M at a $4B valuation to double down on business banking

3 years ago
Anonymous $WHrWmjSJBZ

https://techcrunch.com/2021/09/20/airwallex-raises-200m-at-a-4b-valuation-to-double-down-on-business-banking/

Business, now more than ever before, is going digital, and today a startup that’s building a vertically integrated solution to meet business banking needs is announcing a big round of funding to tap into the opportunity. Airwallex — which provides business banking services both directly to businesses themselves, as well as via a set of APIs that power other companies’ fintech products — has raised $200 million, a Series E round of funding that values the Australian startup at $4 billion.

Lone Pine Capital is leading the round, with new backers G Squared and Vetamer Capital Management, and previous backers 1835i Ventures (formerly ANZi), DST Global, Salesforce Ventures and Sequoia Capital China, also participating.