- Airwallex, a company that enables the ability to send and receive foreign currency payments, announced it has raised a $160 million Series D.
Airwallex, a company that enables the ability to send and receive foreign currency payments, announced it has raised a $160 million Series D round of funding with participation from a group of new investors, including ANZi Ventures and Salesforce Ventures along with existing investors DST Global, Tencent, Sequoia Capital China, Hillhouse Capital, and Horizons Ventures. Including this round, Airwallex has raised a total of over $360 million since it launched in 2015.
The new funding round will be used for accelerating worldwide growth in Europe, the US, and new markets like the Middle East. Plus it will be used to expand its product line to include payment acceptance solutions and explore acquisitions to fast track Airwallex’s offerings. The company is also going to expand its product line to include payment acceptance capabilities through a proprietary gateway solution as well as partner integration. And the funding will be used for exploring acquisitions in the payments space to fast track offerings.
This funding comes on the heels of a big year for Airwallex. Following a successful Series C round of funding in March 2019, Airwallex’s global presence has expanded with new offices in Tokyo, Bangalore, and Dubai.
Along with the international expansion, Airwallex has also significantly enhanced its product capabilities, including the launch of Airwallex Borderless Cards in partnership with Visa and integration with Xero. And these new features mark Airwallex’s evolution from an international payments platform to a fully integrated end-to-end financial services provider for businesses of all sizes.
The expansion of products available via Airwallex business accounts means SMBs now have access to a host of services that enable high-speed, low-cost payments, and collections worldwide alongside instant AUD, USD, EUR, GBP, HKD and CNY global accounts.
Along with supporting the growing SMB market, Airwallex has a suite of enterprise products to help larger businesses with more complex financial needs like mass international and domestic payouts. And its recently launched Issuing API will further enable enterprises to generate and issue payment cards to their networks, saving them time and money.
Key Quotes:
“The global shift to digital is imminent. We envision a world in the not-too-distant future where all businesses will operate and conduct their affairs online – including banking – with the help of modern tools.”
“From the very beginning, our vision has been to lead the transformation of global financial infrastructure. We have stayed true to our vision by building the Airwallex platform with fast and agile technology, continually improving our product and investing in dedicated support teams. More than ever, we are well-positioned to support businesses no matter their size as they adapt to today’s changes.”
“The commitment and confidence from both new and existing investors in this round is a strong validation of our successes and our strategic vision. With their support, we look forward to accelerating our growth and further empowering businesses across the globe.”
-Airwallex co-founder and CEO Jack Zhang
“ANZi Ventures is pleased to make a strategic investment in Airwallex, one of Australia’s fintech leaders. We look forward to working further with the team to support their vision of building a next-generation digital payments platform for SMBs and enterprises globally.”
-Ron Spector, Managing Director of ANZi Ventures
“Being able to transact and do business with customers all over the world is a key criteria 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.”
-Robert Keith, Head of Australia at Salesforce Ventures
