BUSINESS

Australian Fintech Firm Airwallex Raises $100 Million at $5.5 Billion Valuation

Australian fintech firm Airwallex said it raised $100 million on Tuesday in an extension of the funding round.

Australian fintech firm Airwallex said it raised $100 million on Tuesday in an extension of the funding round, maintaining its $5.5 billion valuation.


The Melbourne-based company received additional funding from existing investors, including Tencent Holdings Ltd, Sequoia Capital China and Lone Pine Capital.


Australian industrial pension fund HostPlus and a North American pension fund also participated in the round, Airwallex said.


The company said that with the $100 million raised in the Series E expansion round, Airwallex’s total funding has grown to more than $900 million.


Airwallex, which allows customers to issue and pay international invoices and bills through its payments platform, said its revenue grew 184% yearly and its customer base more than doubled.

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