Airwallex Secures $100 Million in Additional Series E1 Round

The financial technology platform, Airwallex announced that the company has raised an additional $100 million in the Series E1 investment round today. With that, the total Series E funding of Airwallex reached $300 million.

With an aim to increase its global presence, Airwallex raised a total of $800 million to date. The current valuation of Airwallex stands at around $5.5 billion. On the back of strong financial performance, Airwallex received funding from some of the leading names in the global VC ecosystem.

The recent funding round was led by Lone Pine Capital. Existing investors, including 1835i Ventures, the venture capital partner to ANZ and Sequoia Capital China participated in the Series E1 financing round. The raise follows the company’s substantial performance in Q3.

In the third quarter of 2021, Airwallex reported a jump of 165% (YoY) in revenues. Moreover, the annualized revenue of Airwallex crossed $100 million. Recently, the fintech platform added more than 200 people to enhance its global presence.

“Our record performance last quarter demonstrates the tremendous demand from customers who are seeking better solutions to operate their businesses,” said Jack Zhang, Co-Founder, and CEO of Airwallex. “As we approach our sixth anniversary, we want to continue to connect entrepreneurs, business builders and makers with opportunities in every corner of the world. This new capital injection will allow us to do just that, fuelling M&A opportunities that will accelerate our global expansion plans, pursuing our mission to empower businesses to grow without borders.”

Global Presence

Highlighting its recent initiatives to expand global reach, the Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term firm added that the company has scaled its business across APAC and MENA. Additionally, Airwallex introduced its virtual employee cards in Hong Kong and the UK.

“Airwallex’s achievements in the last quarter alone showcase the strength of the company’s business model and its unique ability to meet their customers’ evolving needs in a competitive digital Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term market,” said David Craver, Co-Chief Investment Officer at Lone Pine Capital.