Airwallex reportedly in talks over fresh $200m investment at new $6bn valuation
Airwallex is reportedly looking to raise $200 million from investors at a company valuation of $6 billion, according to a recent Bloomberg report citing sources familiar with the matter.
Airwallex reportedly in talks over fresh $200m investment
The fintech unicorn, founded in Melbourne, Australia in 2015 and headquartered in Singapore, last raised $100 million through a Series E extension two years ago, when it was valued at $5.6 billion.
When contacted by FinTech Futures, a spokesperson for the cross-border payments platform said: “As a rapidly scaling company, we are always in dialogue with investors about our performance and growth plans.”
With an investor base featuring the likes of Square Peg, Salesforce Ventures, Sequoia Capital China, Lone Pine Capital, Hermitage Capital, 1835i Ventures and Tencent, among others, Airwallex has raised over $900 million in total funding to date.
The fintech has leveraged these funds to expand its platform to new markets in Asia, Europe, Africa, the Middle East and Latin America, where it acquired Mexican payment service provider MexPago last year following “more than 460% YOY revenue growth” in the region.
This was followed by the Australian Securities and Investment Commission (ASIC) granting Airwallex an Australian Financial Services Licence (AFSL) in July, which it used to broaden access to Airwallex Yield, a high-yield savings account unveiled in 2023, to a wider range of business clients seeking “competitive returns on multi-currency balances”.
In a mid-year mission update in August, CEO and co-founder Jack Zhang revealed Airwallex had reached an annual run rate revenue of more than $500 million, an increase of 25% since Q1.
