Airwallex's latest funding round lifts valuation to USD 4 billion

Tuesday 21 September 2021 15:11 CET | News

Australia-based payments platform Airwallex has closed Series E funding round with USD 200 million, reaching USD 700 million in funds and a valuation of USD 4 billion.

The majority of the funding came from new investors, including private US-based investment firm Lone Pine Capital, which led the funding round and is the backer of other fintechs such as PayPal and Square, as well Amazon, Netflix, and Twitter.

G square and Vetamer Capital Management also joined the round, alongside existing investors 1835i Ventures, DST Global, Salesforce Ventures, and Sequoia Capital China.

In a statement, Airwallex said it plans to use the additional funds to further its global expansion plans, which entail scaling up its presence globally and growing its sales and commercial teams, and developing new products and services.

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Keywords: expansion, funding, online payments, Airwallex
Categories: Payments & Commerce
Countries: Australia
This article is part of category

Payments & Commerce