Australian fintech startup Airwallex locks US$160 million Series D for expansion
Cross-border financial startup Airwallex has raised US$160 million in a Series D round from ANZi Ventures according to TechCrunch. Other investors include Salesforce Ventures, and existing investors DST Global, Tencent, Sequoia Capital China, Hillhouse Capital and Horizons Ventures.
The new funding will be used on potential acquisitions and expansion to the US, Europe and Middle Eastern markets. Plans to launch new products, such as payment acceptance tools, have also been expressed.
The unicorn company had already reached a valuation of more than US$1 billion last year, according to TechCrunch.
“Being able to transact and do business with customers all over the world is a key criterion for companies who are going through a digital transformation. We’re excited to partner with Airwallex at this critical time in its growth, expanding both its footprint globally and its product capabilities,” said Salesforce Ventures’ head of Australia Rob Keith.