Fintech firm Airwallex closes Series D fundraising round at $160m

Maria Nikolova

The round includes majority participation from a group of new strategic investors, including ANZi Ventures and Salesforce Ventures.

Fintech firm Airwallex today announced the closure of its Series D fundraising round at US$160 million. The round includes majority participation from a group of new strategic investors, including ANZi Ventures, the corporate venture capital arm of ANZ Bank, and Salesforce Ventures.

Existing core investors DST Global, Tencent, Sequoia Capital China, Hillhouse Capital and Horizons Ventures also participated, taking Airwallex’s total equity raise since the firm was founded in 2015 to US$360 million.

Airwallex plans to use the new funds to boost worldwide growth through customer acquisition and licensing, particularly in Europe and the US, and new markets such as the Middle East, as well as to expand its product line to include payment acceptance capabilities through a proprietary gateway solution as well as partner integration.

Airwallex will also seek to explore acquisitions in the payments space to fast track offerings.

After a successful Series C round in March 2019, Airwallex’s global presence has expanded considerably, with new offices in Tokyo, Bangalore, and most recently a presence in Dubai. Alongside the international expansion, Airwallex has also significantly enhanced its product capabilities, including the launch of Airwallex Borderless Cards in partnership with Visa and a highly-requested integration with Xero.

Jack Zhang, CEO and Co-founder of Airwallex, said on the fundraising announcement, “The global shift to digital is imminent. 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.”

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