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Airwallex’s value swells to US$2.6 billion as Greenoaks leads investors to add US$100 million to fintech start-up’s Series D round

Wednesday, March 24, 2021


(SCMP by Alison Tudor-Ackroyd) - Airwallex, a fintech start-up that aims to rewire clunky financial infrastructure, has swollen to US$2.6 billion in valuation as a group of global money managers joined its latest fundraising round.

Investors added US$100 million to Airwallex’s Series D round, led by San Francisco-based Greenoaks Capital. Grok Ventures of Australia, Skip Capital and ANZi Venture also took part.

Airwallex, established in Melbourne in 2015, plans to use the funds on its global expansion, exploring new partnerships and product innovation. The company’s valuation has nearly tripled in the last two years, counting financial backing by Asia’s most valuable company Tencent Holdings, and venture capitalists including Sequoia Capital China, the Alibaba Entrepreneurs Fund and tycoon Li Ka-shing’s Horizons Ventures.

 

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