Fintech company Airwallex has secured $320 million in a new funding round, valuing the company at $11 billion. The funding was led by Addition, with participation from other investors including Baillie Gifford and QED. Airwallex, founded in 2015, specializes in cross-border payments and has expanded its services to include global bank accounts, corporate cards, and bill payments, serving over 300,000 customers worldwide. AI
IMPACT This funding round will likely enable Airwallex to further develop its cross-border payment infrastructure and expand its services, potentially impacting how businesses manage international transactions.
RANK_REASON Major funding round for a fintech company with a significant valuation increase. [lever_c_demoted from significant: ic=1 ai=0.4]
- Addition
- Airwallex
- Baillie Gifford
- China
- Haun Ventures
- Hedosophia
- Jack Zhang
- Japan
- Melbourne
- Mexico
- QED
- Shein
- Stripe
- Swift
- T. Rowe Price
- U.K.
- U.S.
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