Airwallex, the fintech business for cross-border organizations, announced today it has actually added $100 million more to its Series D round, bumping its valuation approximately $2.6 billion. The extension was led by Greenoaks, with participation from Grok Ventures and returning financiers Avoid Capital and ANZi Ventures.
Co-founder and ceo Jack Zhang informed TechCrunch that the brand-new funding will be utilized for Airwallex’s United States launch in the 2nd quarter of this year, broaden its payment protection to new regions like the Middle East, Africa, Eastern Europe and Latin America, and include more products, including physical cards.
This most current extension brings Airwallex’s Series D round to $300 million, and total equity raised so far to $500 million. Airwallex first revealed its Series D in April 2020 after raising $160 million, then another tranche that included $40 million in September 2020.
Airwallex reached unicorn assessment after its Series C in March 2019. The company was established in Melbourne in
2015, and now has more than 600 staff members throughout 12 workplaces in Australia, China, Hong Kong, the UK, Japan and the United States. In its announcement today, Airwallex stated it is also working with for more than 500 positions. Airwallex’s products for cross-border services include foreign currency accounts and multi-currency debit cards with Visa, global cash transfers and a suite of APIs that allow business to do things like accept and handle international payments, and handle their foreign exchange danger.