Airwallex raises $100M at a $5.5B valuation to expand its business banking and payments platform globally
https://techcrunch.com/2021/11/17/airwallex-raises-100m-at-a-5-5b-valuation-to-expand-its-business-banking-and-payments-platform-globally/
E-commerce and other online businesses are becoming increasingly global in their operations and customer bases, and a startup called Airwallex — which has built a banking solution that addresses the opportunity to provide cross-border financial services — has been seeing a massive surge of activity. To capitalize further on that opportunity, today the company is announcing growth funding.
Hong Kong and Melbourne-based Airwallex has raised $100 million, capital that it will be using to continue building out its banking and payments businesses into more markets, and to invest expanding its products.