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Aussie fintech closes massive funding round

Lachlan Maddock
— 1 minute read

The fintech will put the funds to work in accelerating worldwide growth, expanding its product offerings, and exploring acquisitions.

Payments fintech Airwallex has raised a series D round of US$160 million from ANZi Ventures and Salesforce Ventures, along with existing investors DST Global, Tencent, Sequoia Capital China, Hillhouse Capital and Horizons Ventures. 

“The global shift to digital is imminent,” said Jack Zhang, CEO and co-founder of Airwallex. 

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“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.”

Airwallex plans on expanding into new markets, including the Middle East, while accelerating growth through customer acquisition in Europe and the US. It is also exploring acquisitions in the payments space to fast track its offerings. 

“The commitment and confidence from both new and existing investors in this round [are] a strong validation of our successes and our strategic vision,” Mr Zhang said. 

“With their support, we look forward to accelerating our growth and further empowering businesses across the globe.”

Airwallex has raised US$360 million in equity since its inception. 

“ANZi Ventures is pleased to make a strategic investment in Airwallex, one of Australia’s fintech leaders,” said ANZi managing director Ron Spector.

“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.”

 

Aussie fintech closes massive funding round
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