Airwallex, an Australia-based fintech company, announced on Thursday it secured $160 million through its Series D funding round from various investors, such as ANZi Ventures, Salesforce Ventures, DST Global, Tencent, Sequoia Capital China, Hillhouse Capital, and Horizons Ventures. The latest funding brings Airwallex’s total equity raised to $360 million.
As previously reported, Airwallex was founded in 2015 and is described as a foreign exchange market that makes and crosses border payments on Asia-Pacific markets. The company facilitates international money transfers through a combination of payment collection, foreign exchange, and local payment distribution. Speaking about the company’s growth and development, Jack Zhang, CEO and Co-Founder of Airwallex, stated:
“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.”
Airwallex reported that it is planning to use the Series D funding for the following:
- Accelerating worldwide growth through customer acquisition and licensing, particularly in Europe and the US, and new markets such as the Middle East
- Expanding its product line to include payment acceptance capabilities through a proprietary gateway solution as well as partner integration
- Exploring acquisitions in the payments space to fast track offerings
In regards to the investment round’s success, Zhang added:
“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.”