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Doris Yu · · 1 min readFintech firm Airwallex’s valuation rises to $2.6b after a fresh round of funding
Fintech unicorn Airwallex said it has secured US$100 million, which brings the total capital raised in its series D funding to US$300 million.
More funding details
- Lead investors: Greenoaks
- Other investors: Grok Ventures, Skip Capital, and ANZi Ventures, and other existing investors
- Stage: Series D extension
More company updates
- Airwallex is now valued at US$2.6 billion following this latest investment. Its valuation has nearly tripled since it joined the unicorn club following the closure of its US$100 million series C round in 2019.
- The company had received US$160 million in April last year in series D funding, followed by an additional US$40 million for the same round in September 2020.
- The capital injection will be used to further accelerate Airwallex’s global expansion, explore new partnerships, and continue its product and engineering innovation.
- Last year, the fintech unicorn broadened its suite of products and applications, which now includes multi-currency debit cards with Visa, a bank feed integration with Xero, a small-to-medium business rewards program, and online payment acceptance capabilities.
- It claims to have seen triple-digit revenue growth in the ecommerce, digital and technology, and logistics customer segments in 2020.
For more coverage of the company, head here. You can also click on the link below to view key details about the company, as well as its funding history.
Correction (March 24, 2:55 pm): This article originally said that deliveroo, discord and stripe also participated in the round.
Editing by Collin Furtado and September Grace Mahino
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