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Wednesday, 24 March 2021 17:50

Fintech Airwallex valued at US$2.6 billion

By
Airwallex co-founder and CEO Jack Zhang Airwallex co-founder and CEO Jack Zhang

Melbourne-founded payment platform Airwallex has raised another US$100 million in an extension to its series D round.

Airwallex's latest funding round brings its valuation to US$2.6 billion.

It was led by US-based investment firm Greenoaks, and Grok Ventures (the Cannon-Brookes family company), Skip Capital (led by Kim Jackson and Scott Farquhar) and ANZi Ventures (part of the ANZ Banking Group) also participated in the round.

Greenoaks' Patrick Backhouse said "We believe Airwallex is building a powerful global payments business, with a rich product suite that helps companies simplify their financial infrastructure as they scale globally.

"From its origins in Australia, Airwallex chose to build global products from day one, and has developed a deep understanding of emerging payment technologies. We look forward to supporting the company as it extends their global reach."

Airwallex co-founder and CEO Jack Zhang described the additional investment as "a vote of confidence in the global financial infrastructure we have built, as we look to empower businesses to grow without borders."

He added "This year, we are focused on our global expansion. We continue to extend our international footprint, and are bolstering our capabilities through partnerships and new product launches. Strengthening our investor base with the addition of Greenoaks will also help us accelerate that progress. We look forward to their support as we forge ahead on our journey to become a global financial cloud."

Airwallex has over 600 employees across 12 global offices, and has more than 500 vacancies.

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Stephen Withers

Stephen Withers is one of Australia¹s most experienced IT journalists, having begun his career in the days of 8-bit 'microcomputers'. He covers the gamut from gadgets to enterprise systems. In previous lives he has been an academic, a systems programmer, an IT support manager, and an online services manager. Stephen holds an honours degree in Management Sciences and a PhD in Industrial and Business Studies.

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