Airwallex has secured a $300 million Series F funding round, propelling its valuation to $6.2 billion as the fintech heavyweight accelerates its global expansion strategy.
The round was supported by Airtree, Blackbird, DST Global, Square Peg, Salesforce Ventures, and Visa Ventures, alongside contributions from several Australian pension funds.
Founded in 2015, Airwallex operates a global payments platform featuring expense management and automated accounts payable solutions, corporate cards, multi-currency accounts, cross-border transfers, and more.
The Series F round, which includes $150 million in secondary share transfers, brings Airwallex’s total funding to date to over $1.2 billion. The capital raise was initially hinted at last November, when reports suggested the company was targeting approximately $200 million in fresh investment.
Airwallex previously raised $100 million in a Series E extension in 2022.
The latest raise follows a successful 2024 for the company, during which it increased its customer base by 50% to 150,000 businesses while achieving $720 million in annualised revenue.
Airwallex will deploy the fresh capital to drive its go-to-market initiatives across Europe, North America, and South East Asia. Moreover, the fintech plans strategic entries into additional new territories, including the UAE, Japan, Korea, and Latin America.
Source: https://www.fintechfutures.com/
