Total amount raised
$902 Millions
Latest funding date
Location
Title
Airwallex has successfully raised significant funding through multiple rounds, including a Series E round. The platform offers a range of financial services designed to support businesses operating on a global scale.
Keep reading to explore the intricacies of Airwallex's fundraising journey and the investors backing this innovative platform.
What Is Airwallex?
Airwallex, founded in December 2015, is a global financial technology platform headquartered in Melbourne, Victoria, Australia. The company was established by Jack Zhang, Jacob Dai, Lucy Yueting Liu, and Max Li.
Airwallex offers a comprehensive suite of financial services designed to support businesses in managing payments, treasury, and expenses on a global scale. Their platform includes features such as global accounts, FX & transfers, borderless cards, and payment links & plugins.
With a workforce of 1001-5000 employees, Airwallex continues to innovate and expand its offerings, helping businesses streamline their financial operations and achieve their global ambitions.
How Much Funding Has Airwallex Raised?
- Series A
- Amount Raised: $6M
- Date: December 2017
- Lead Investors: Square Peg Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop and launch the initial version of their global financial platform.
- Series A
- Amount Raised: $13M
- Date: May 2017
- Lead Investors: Tencent
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand their market reach and enhance product development.
- Series B
- Amount Raised: $80M
- Date: July 2018
- Lead Investors: HSG, Tencent
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enter new international markets.
- Series C
- Amount Raised: $100M
- Date: March 2019
- Lead Investors: DST Global
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and enhance their technology infrastructure.
- Series D
- Amount Raised: $160M
- Date: April 2020
- Lead Investors: Salesforce Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support global expansion and product innovation.
- Series D
- Amount Raised: $40M
- Date: September 2020
- Lead Investors: Hedosophia, Skip Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance their financial services and expand their customer base.
- Series D
- Amount Raised: $100M
- Date: March 2021
- Lead Investors: Greenoaks
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop their platform and increase market penetration.
- Series E
- Amount Raised: $200M
- Date: September 2021
- Lead Investors: Lone Pine Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand their global payment network and enhance product offerings.
- Series E
- Amount Raised: $100M
- Date: November 2021
- Lead Investors: Lone Pine Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support their rapid growth and product development initiatives.
- Series E
- Amount Raised: $100M
- Date: October 2022
- Lead Investors: HSG, Square Peg Capital
- Valuation at Round: $5.5 billion
- Motivation Behind the Round: To continue expanding operations and introduce new products and services.
Total amount raised: $999M. Current valuation: $5.5 billion.
Key Investors
- Tencent
- Details: Tencent is a Chinese multinational conglomerate holding company known for its various internet-related services and products, entertainment, AI, and technology. It is one of the world's largest technology companies.
- Investment Focus Areas: Technology, internet services, entertainment.
- Notable Investments: JD.com, Meituan, Pinduoduo.
- Salesforce Ventures
- Details: Salesforce Ventures is the investment arm of Salesforce, focusing on enterprise cloud companies. It aims to accelerate the growth of the next generation of enterprise technology.
- Investment Focus Areas: Enterprise cloud companies, technology startups.
- Notable Investments: Zoom, DocuSign, Snowflake.
- Sequoia Capital China
- Details: Sequoia Capital China is the Chinese arm of Sequoia Capital, investing in various sectors including technology and healthcare. It has a strong presence in the Chinese market.
- Investment Focus Areas: Technology, healthcare, consumer, financial services.
- Notable Investments: Alibaba, ByteDance, JD.com.
- Lone Pine Capital
- Details: Lone Pine Capital is a hedge fund that invests in public and private companies globally. It is known for its strategic investments in high-growth sectors.
- Investment Focus Areas: Public and private companies across various sectors.
- Notable Investments: Peloton, Shopify, ByteDance.
- Square Peg
- Details: Square Peg is a venture capital firm that invests in technology companies across the Asia Pacific and Israel. It focuses on supporting innovative startups.
- Investment Focus Areas: Technology startups, fintech.
- Notable Investments: Canva, Fiverr, PropertyGuru.
What's Next for Airwallex?
Airwallex stands at the cusp of significant opportunities, driven by its extensive global payment network covering over 130 countries and regions. The company is poised to capitalize on the growing demand for digital financial services, particularly in major e-commerce markets like China, the United States, and the United Kingdom. With a valuation of $5.5 billion and a robust product portfolio, Airwallex is well-positioned to expand its customer base and market reach.
Future fundraising opportunities appear promising, given the recent successful Series E extension and the confidence of high-profile investors like Salesforce Ventures and Tencent. This financial backing will likely support further international expansion and product innovation, including enhancements to its expense management platform and a new credit solution. However, Airwallex may face challenges such as regulatory hurdles, economic uncertainties, and competition from other fintech companies. Navigating these obstacles will be crucial for sustaining its growth trajectory and maintaining investor confidence.
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