Register for The Paypers news Follow The Paypers on LinkedIn! Follow The Paypers on Twitter! Follow The Paypers on Facebook! Follow The Paypers on Google+!
The Paypers, paypers, Insight in payments, News, Reports, Events
Online Payments

Airwallex raises USD 13 mln in Series A funding in Australia to boost cross-border online payments

Monday 1 May 2017 | 09:35 AM CET

Airwallex, a fintech startup, has raised USD13 million in a Series A funding round to expand internationally and enable more businesses to make payments worldwide.

Tencent Holdings, Sequoia Capital China, and Mastercard all participated in the round. Airwallex was the first Australian startup to join the Mastercard Start Path accelerator programme in September 2016.

Tencent has a vested interest in cross-border payments as one of the largest mobile payment providers in the world through its social media app, WeChat.

The raise will propel the release of Airwallex’s suite of APIs, allowing businesses to process international payments at scale. Able to support thousands of transactions per second and providing an alternative to existing payment networks, Airwallex helps businesses automate and scale their international payment workflows.

Built to bolster foreign exchange payments around the world, the Airwallex platform is powered by a FX and payment engine and a transparent pricing model to avoid inflated margins and minimise market risk.

This Airwallex funding round follows a pre-Series A round of USD 3 million in early 2016 led by Gobi Partners.

Print | Contact editor | Mail
© 2017 The Paypers
More: Abstract