Technologies

Aussie fintech closes massive funding round

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Payments fintech Airwallex has raised a US$160 million Series D round from ANZi Ventures and Salesforce Ventures, alongside existing investors DST Global, Tencent, Sequoia Capital China, Hillhouse Capital and Horizons Ventures.

“The global shift to digital technology is inevitable,” said Jack Jahn, CEO and co-founder of Airwallex.

“We envision a world in the not-too-distant future where all businesses will operate and conduct their business online – including banking – using modern tools.”

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Airwallex plans to expand into new markets, including the Middle East, while accelerating growth by acquiring customers in Europe and the US. It is also exploring acquisitions in the payments space to fast-track its offerings.

“The engagement and confidence from both new and existing investors in this round [are] a strong validation of our successes and our strategic vision,” said Mr Zhang.

"With their support, we look forward to accelerating our growth and further empowering businesses around the world."

Airwallex has raised US$360 million in capital since inception.

"ANZi Ventures is delighted to make a strategic investment in Airwallex, one of Australia's fintech leaders," said ANZi Managing Director Ron Spector.

"We look forward to continuing to work with the team to support their vision to build a next-generation digital payments platform for SMBs and enterprises globally."


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