Airwallex confirms unicorn status following a successful Series C fundraising round of $100m USD, valuing the company at over $1bn USD.
• Airwallex’s Series C fundraising was led by DST Global, which has previously backed internet giants Facebook, Airbnb and Spotify and fintech leaders Nubank and Robinhood.
• The new capital will be used to expand Airwallex’s suite of international collection and payment products and to support global expansion into the US, UK / Europe and Southeast Asia.
• Airwallex is committed to empowering marketplaces, online sellers and small and medium-sized enterprises (SMEs) to grow their businesses.
Founded in Melbourne (Australia) in 2015, Airwallex has grown from an emerging start-up to a global challenger in the cross-border payment space. Airwallex offers an end-to-end solution for businesses to make payments and move money programmatically on a global scale, supporting a client base of internet titans including JD.com, Tencent and Ctrip, and large financial service companies including MasterCard.
With Airwallex, customers can instantly create Global Accounts with local bank details, access interbank exchange rates and send money through local and international clearing networks to more than 130 countries.
Top-tier investor DST Global led the Series C fundraising round, which closed at $100m USD. Existing participants from Airwallex’s previous rounds returned for the Series C fundraising, including Sequoia Capital China, Tencent, Hillhouse Capital, Gobi Partners, Horizons Ventures and Square Peg Capital.
The round brings Airwallex’s total capital raised to over $200m USD. Just three years after it was founded, Airwallex is now valued at over $1bn USD, confirming its position as a newly minted fintech unicorn.
