Airwallex, one of the so-called fintech unicorns, has raised upwards of $US1.2 billion in total funding. That milestone recently helped propel its valuation to over $6 billion. This most recent funding round was led by the Australian investors Square Peg and Blackbird with participation from other heavyweight investors including DST Global and Lone Pine Capital. This billion-dollar financial backing uniquely places Airwallex to pursue even more explosive growth and innovation in the rapidly evolving international payments industry.
Founded with the aim of simplifying global financial transactions, Airwallex provides a platform that allows customers to issue and pay international invoices and bills efficiently. This service is especially beneficial for corporations moving all over borders, providing convenience one-stop shop for managing their financial functions.
As we’ve seen over the last four years, Airwallex has proven their hyper-growth. According to the company itself, its compounded annual growth rate in gross profit in the Americas and Europe is more than 250%. This exceptional statistic further highlights Airwallex’s position to gain market share and grow its customer acquisition in these critical regions.
Jack Zhang, co-founder and CEO of Airwallex, said the financing deal was an exciting development.
“This investment marks a major milestone in our journey to redefine global banking, and to empower businesses everywhere to grow without limits.” – Jack Zhang
The new investment round now confirms its business model after previous investments. It further reflects the positive momentum investors are feeling for fintech solutions that enable global commerce. As global enterprises race toward a new dawn of financial operations with sustainable, flexible, and on-demand capabilities, Airwallex is positioned to answer this call with its innovative platform.
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