Airwallex launches early-stage VC fund Capital 49

Thursday 29 July 2021 14:03 CET | News

Hong Kong-based cross-border fintech Airwallex has announced launching an early-stage venture capital fund dubbed Capital 49.

The fund is targeting a corpus of USD 200 million from Airwallex’s founders. Some of the sectors it is targeting are ecommerce, Software-as-a-Service (SaaS), and fintech. Capital 49 has invested in two fintech companies so far.

Established in Melbourne in 2015, Airwallex is a payments fintech, managing a proprietary global financial infrastructure platform to help businesses transact, collect and pay in any foreign currency across 130+ countries and 50+ currencies, without the constraints of the traditional global financial system.

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Keywords: Venture Capital, Airwallex, cross-border payments, online payments
Categories: Payments & Commerce
Countries: Hong Kong
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