Airwallex, a cross-border FinTech startup based in Melbourne, announced that it has raised USD 160 million in Series D funding, marking its biggest raise to date. This comes on the heels of a momentous year of growth in which Airwallex has confirmed its ‘unicorn’ status after a successful Series C round last March, which valued the company at over USD 1 billion.
The latest round saw new backers ANZi Ventures and Salesforce Ventures join an existing roster of top-tier investors including DST Global, Tencent, Sequoia Capital China, Hillhouse Capital, Horizons Ventures and Mastercard.
Founded in 2015, Airwallex enables high-speed, low-cost payments and collections worldwide. It supports instant AUD, USD, EUR, GBP, HKD and CNY global accounts (created with local bank details), empowering businesses to scale both domestically and internationally. Airwallex plan on using these funds to continue its expansion into the US and Europe markets, accelerate product development and explore acquisition opportunities in the payments space.
Airwallex is currently giving away $100 to the first 1,000 new businesses who sign up.