This new funding raises Airwallex’s valuation to USD 5.5 billion and comes just a month after Airwallex announced an oversubscribed Series E round as the company looks to accelerate its global expansion plans.
Lone Pine Capital remained the lead for this financing, alongside other existing investors including 1835i Ventures, the venture capital partner to ANZ, and Sequoia Capital China.
In the last quarter, Airwallex continued to scale its business across APAC and EMEA, while also achieving early momentum in the US. The company launched its virtual employee cards in Hong Kong and the UK, marked its entry into Southeast Asia with licences in Singapore and Malaysia, and continued to onboard new global customers.
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