Airwallex, the fintech firm for cross-border companies, introduced at the moment it has added $100 million extra to its Series D spherical, bumping its valuation as much as $2.6 billion. The extension was led by Greenoaks, with participation from Grok Ventures and returning traders Skip Capital and ANZi Ventures.
Co-founder and chief government officer Jack Zhang advised TechCrunch that the new funding will probably be used for Airwallex’s United States launch within the second quarter of this yr, increase its fee protection to new areas just like the Middle East, Africa, Eastern Europe and Latin America, and add extra merchandise, together with bodily playing cards.
This newest extension brings Airwallex’s Series D spherical to $300 million, and whole fairness raised to date to $500 million. Airwallex first announced its Series D in April 2020 after elevating $160 million, then another tranche that added $40 million in September 2020.
Airwallex reached unicorn valuation after its Series C in March 2019. The firm was based in Melbourne in 2015, and now has greater than 600 workers throughout 12 workplaces in Australia, China, Hong Kong, the United Kingdom, Japan and the United States. In its announcement at the moment, Airwallex stated it is usually hiring for greater than 500 positions.
Airwallex’s merchandise for cross-border companies embrace international forex accounts and multi-currency debit playing cards with Visa, worldwide cash transfers and a set of APIs that permit firms to do issues like settle for and handle worldwide funds, and handle their international change threat.