Airwallex raises US$300 million in Series F funding round
This brings the fintech startup’s valuation to US$6.2 billion
Add BT as a preferred source
[SINGAPORE] Airwallex has raised US$300 million in a Series F funding round with Visa’s corporate venture arm Visa Ventures coming on board as an investor, it announced on Wednesday (May 21). This brings the fintech startup’s valuation to US$6.2 billion.
Other investors in the round include Square Peg, DST Global, Salesforce Ventures and a number of other Australian venture capital and pension funds. Of the US$300 million raised, US$150 million was in secondary share transfers, cashing out earlier investors.
The financial platform that manages payments and business accounts reported a 50 per cent growth in its customers base in 2024, serving 150,000 businesses worldwide. Airwallex has more than 60 licences and over 50 relationships with banks and financial institutions.
TRENDING NOW
Not retirement, but a rewiring and fresh perspectives post-DBS, says Piyush Gupta
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
Hong Kong’s bad-debt bankers ramp up fire sales, liquidations as city’s distressed loan ratio hit a high
Power of payouts: A big chunk of the STI has just gone ex-dividend. What’s next?
