Tencent-backed Airwallex targets $6b valuation

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Fintech firm Airwallex is reportedly in talks with investors to raise around US$200 million.

The company is backed by Tencent Holdings Ltd. and is based in Singapore.

Airwallex aims to complete this funding round by year’s end.

Sources suggest the company is targeting a valuation of about US$6 billion. However, discussions are in early stages and could change.

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