Airwallex to acquire MexPago

With its proprietary infrastructure, Airwallex offers solutions for businesses to manage payments, treasure, and spend management, as well as Embedded Finance. Currently, the company supports over 100,000 businesses globally, with its clients including brands such as Brex, Rippling, Navan, Qantas, and SHEIN, among others.

Recently, Airwallex partnered with Alpaca, a developer-first API brokerage platform, to support its payment and foreign exchange (FX) needs. Through this collaboration, the two companies aim to deliver cost-efficient experiences for global investors acquiring US stocks. By integrating Airwallex’s FX solutions, Alpaca wants to support broker partners in providing their retail customers with a simplified currency investing experience.

Moreover, at the beginning of September 2023, the company launched Airwallex for Startups in Hong Kong, aiming to improve customers’ development process. Through this launch, Airwallex wants to provide its suite of services for the improvement of the city’s early-stage businesses and firms and their overall international expansion.

At the end of August 2023, Airwallex entered a collaboration with Public to reduce FX costs for UK investors that acquire US-based equities. The partnership followed Public’s entry into the UK, its objective being to offer clients based in the region the possibility to develop a portfolio with over 5,000 US-listed equities. Additionally, customers can benefit from zero commission trading during US stock market hours and low overall FX fees, while also receiving access to Public’s data and insights.

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