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Airwallex Secures $100 Million in Further Sequence E1 Spherical

The monetary know-how platform, Airwallex at present introduced that the corporate has raised a further $100 million within the Sequence E1 funding spherical. With that, the full Sequence E funding of Airwallex reached $300 million.

With an goal to extend its international presence, Airwallex raised a complete of $800 million to this point. The present valuation of Airwallex stands at round $5.5 billion. On the again of sturdy monetary efficiency, Airwallex acquired funding from a number of the main names within the international VC ecosystem.

The latest funding spherical was led by Lone Pine Capital. Present buyers together with 1835i Ventures, the enterprise capital companion to ANZ, and Sequoia Capital China additionally participated within the Sequence E1 financing. The elevate follows the corporate’s substantial efficiency in Q3.

Within the third quarter of 2021, Airwallex reported a bounce of 165% (YoY) in revenues. Furthermore, the annualized income of Airwallex crossed $100 million. The fintech platform additionally added greater than 200 individuals just lately to boost its international presence.

“Our file efficiency final quarter demonstrates the great demand from clients who’re in search of higher options to function their companies,” mentioned Jack Zhang, Co-founder, and CEO of Airwallex. “As we strategy our sixth anniversary, we wish to proceed to attach entrepreneurs, enterprise builders, and makers with alternatives in each nook of the world. This new capital injection will permit us to just do that, fuelling M&A alternatives that may speed up our international growth plans, pursuing our mission to empower companies to develop with out borders.”

International Presence

Highlighting its latest initiatives to develop international attain, the fintech agency added that the corporate has scaled its enterprise throughout APAC and MENA. Moreover, Airwallex launched its digital worker playing cards in Hong Kong and the UK.

“Airwallex’s achievements within the final quarter alone showcase the energy of the corporate’s enterprise mannequin and its distinctive capability to satisfy their clients’ evolving wants in a aggressive digital funds market,” mentioned David Craver, Co-Chief Funding Officer at Lone Pine Capital.

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