Airwallex Secures $200 Million in Series E Funding Round
- The fintech platform received a valuation of $4 billion.
Airwallex, one of the fastest-growing global financial technology companies, recently announced that it has raised $200 million in the Series E funding round led by Lone Pine Capital.
In an official announcement, Airwallex mentioned that the latest investment round has increased the company’s valuation to $4 billion. The fintech platform is planning to facilitate its global expansion through the Series E funding. Airwallex also aims to grow its sales and commercial teams.
In addition to Lone Pine Capital, new investors including G Squared and Vetamer Capital participated in the Series E investment round. The financial technology company has raised a total of $700 million in equity funds to date.
Commenting on the latest investment round, Jack Zhang, Co-Founder and CEO at Airwallex, said: “We are excited to welcome Lone Pine Capital and our new Silicon Valley investors. Their wealth of experience, foresight and successful industry track records are a significant validation of our business and global growth strategy.”
The existing investors of Airwallex, including 1835i Ventures (formerly ANZi), DST Global, Salesforce Ventures and Sequoia Capital China also joined the recent funding round.
International Expansion
Airwallex saw significant growth during the first half of 2021 as the company’s YoY revenue jumped by approximately 150% in H1 of 2021. Moreover, the company increased its headcount substantially in 2021. Now, Airwallex has almost 1,000 employees in more than 20 locations around the world.
“This additional capital enables us to scale our presence in North America, UK, Europe and other new markets including the Middle East, South America, and Southeast Asia, and become a dominant leader in global Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term,” Zhang added.
“Airwallex has a clear competitive advantage in the digital payments market. We are excited to invest in Airwallex at this dynamic time and look forward to helping drive the company's expansion and success worldwide,” David Craver, Managing Director at Lone Pine Capital, commented.
In July 2021, Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term platform Revolut raised $800 million.
Airwallex, one of the fastest-growing global financial technology companies, recently announced that it has raised $200 million in the Series E funding round led by Lone Pine Capital.
In an official announcement, Airwallex mentioned that the latest investment round has increased the company’s valuation to $4 billion. The fintech platform is planning to facilitate its global expansion through the Series E funding. Airwallex also aims to grow its sales and commercial teams.
In addition to Lone Pine Capital, new investors including G Squared and Vetamer Capital participated in the Series E investment round. The financial technology company has raised a total of $700 million in equity funds to date.
Commenting on the latest investment round, Jack Zhang, Co-Founder and CEO at Airwallex, said: “We are excited to welcome Lone Pine Capital and our new Silicon Valley investors. Their wealth of experience, foresight and successful industry track records are a significant validation of our business and global growth strategy.”
The existing investors of Airwallex, including 1835i Ventures (formerly ANZi), DST Global, Salesforce Ventures and Sequoia Capital China also joined the recent funding round.
International Expansion
Airwallex saw significant growth during the first half of 2021 as the company’s YoY revenue jumped by approximately 150% in H1 of 2021. Moreover, the company increased its headcount substantially in 2021. Now, Airwallex has almost 1,000 employees in more than 20 locations around the world.
“This additional capital enables us to scale our presence in North America, UK, Europe and other new markets including the Middle East, South America, and Southeast Asia, and become a dominant leader in global Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term,” Zhang added.
“Airwallex has a clear competitive advantage in the digital payments market. We are excited to invest in Airwallex at this dynamic time and look forward to helping drive the company's expansion and success worldwide,” David Craver, Managing Director at Lone Pine Capital, commented.
In July 2021, Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term platform Revolut raised $800 million.