The Victorian Government is proud to support innovative and export-focused companies like Airwallex who recently raised a Series D round of USD$160M – its largest to date.
With participation from a group of new investors, including ANZi Ventures and Salesforce Ventures, and several existing investors, including DST Global, Tencent, Sequoia Capital China, Hillhouse Capital and Horizons Ventures, the new funds will be used to accelerate worldwide growth in Europe, the US and new markets, expand its product line to include payment acceptance solutions and explore acquisitions to fast track Airwallex’s offerings.
The new funding comes on the heels of a momentous year of growth for Airwallex. After a successful Series C round in March 2019, Airwallex’s global presence has expanded considerably, with new offices in Tokyo, Bangalore, and most recently a presence in Dubai.
Alongside the international expansion, Airwallex has also significantly enhanced its product capabilities, including the launch of Airwallex Borderless Cards in partnership with Visa and a highly-requested integration with Xero.
These new features mark Airwallex’s evolution from an international payments platform to a fully integrated end-to-end financial services provider for businesses of all sizes. The expansion of products available via Airwallex business accounts means SMBs now have access to a host of services that enable high-speed, low-cost payments and collections worldwide, alongside instant AUD, USD, EUR, GBP, HKD and CNY global accounts.
In addition to supporting the growing SMB market, Airwallex has a suite of enterprise products to help larger businesses with more complex financial needs, such as mass international and domestic payouts. Its recently launched Issuing API will further enable enterprises to generate and issue payment cards to their networks, saving them time and money.
“From the very beginning, our vision has been to lead the transformation of global financial infrastructure. We have stayed true to our vision by building the Airwallex platform with fast and agile technology, continually improving our product and investing in dedicated support teams. More than ever, we are well-positioned to support businesses no matter their size as they adapt to today’s changes,” said CEO and Co-founder of Airwallex, Jack Zhang.
“The commitment and confidence from both new and existing investors in this round is a strong validation of our successes and our strategic vision. With their support, we look forward to accelerating our growth and further empowering businesses across the globe.”
Source: https://www.airwallex.com/media/press/airwallex-closes-ususd160m-in-record-fundraising-round-to-date-announces viewed 17 April 2020
Ready to Go Global?
Whether you’re looking at entering new markets, expanding into additional markets, or taking on more challenging high growth markets, Go Global can help your business achieve its goals by identifying gaps in capabilities and recommending the next steps to help bridge those gaps.