News

Visa reportedly takes an interest in Airwallex's second Series E extension

Monday 25 July 2022 11:40 CET | News

Visa has planned to join the second extension of Australia-based fintech Airwallex’s Series E funding round, as reported by Bloomberg.com.

Airwallex first raised USD 200m in September 2021 at a USD 4 billion valuation, then topped it up with an extra USD 100 million in November 2021 at a USD 5.5 billion price tag with help from Lone Pine Capital.

Now Bloomberg reports that Airwallex is extending its Series E again, by between USD 100 million and USD 150 million, but this time maintaining its valuation at USD 5.5 billion.

The report cautioned that discussions with Visa are still ongoing and an agreement has yet to be reached.

Airwallex offers a virtual multi-currency business account with many of the same features as Tide of Starling Bank, such as invoicing, expense cards and international payment.


More: Link


Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: Visa, Airwallex, funding, cross-border payments
Categories: Payments & Commerce
Companies: Airwallex, Visa
Countries: World
This article is part of category

Payments & Commerce

Airwallex

|

Visa

|
Discover all the Company news on Airwallex and other articles related to Airwallex in The Paypers News, Reports, and insights on the payments and fintech industry:





Industry Events