Airwallex branches out into retail investment products with new Australian licence
The fintech is to leverage the AFSL licence, granted by ASIC, to expand Airwallex Yield.
The fintech is to leverage the AFSL licence, granted by ASIC, to expand Airwallex Yield.
Airwallex’s tech will power Bird’s in-house foreign exchange engine and issuing solution.
Airwallex says the deal is an important part of its broader growth strategy in the Americas.
The extension round brings Airwallex’s total funding to more than $900 million.
Sood joins from GoCardless, where he was most recently vice president of small business.
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The expansion is made possible through a partnership with domestic BaaS provider Evolve Bank & Trust.
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