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Home » Fintech Airwallex reaches a valuation exceeding $6 billion in its latest funding round.
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Fintech Airwallex reaches a valuation exceeding $6 billion in its latest funding round.

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Airwallex Secures $300 Million, Valuation Reaches $6.2 Billion

Date: Wednesday, October 25, 2023

Fundraising Success Amid Challenges

On Wednesday, payment technology company Airwallex announced that it has raised $300 million in its latest funding round, boosting its valuation to an impressive $6.2 billion. This marks a significant increase of nearly 11% compared to its previous funding round in 2022.

Fintech Landscape and Investment Trends

The fintech sector has experienced a rollercoaster of investor interest recently, especially following a surge in funding. However, rising interest rates and concerns over a potential economic slowdown have created a more challenging environment for startups seeking capital.

Expanding into the U.S. Loan Space

Companies providing payment processing solutions are increasingly making their mark in the U.S. loan market. They aim to capture market share from traditional banking giants such as JPMorgan Chase, Bank of America, and Citigroup.

A Shift in Operations

Founded in Melbourne in 2015, Airwallex made the strategic decision to relocate its headquarters to San Francisco last year. This move reflects the company’s ambition to expand its footprint and influence in the tech hub of the U.S.

Notable Investors and Future Prospects

This latest funding round attracted notable investors, including Square PEG, DST Global, Lone Pine Capital, and Blackbird, bringing Airwallex’s total funding to over $1.2 billion. The capital raised will be crucial for the company as it looks to enter new markets and enhance its technological capabilities.

Vision for Global Business Growth

Jack Zhang, co-founder and CEO of Airwallex, expressed that this investment is a pivotal move in their mission to redefine global banking. It aims to help businesses across the world grow without limitations. Airwallex’s platform allows customers to issue and pay international invoices, streamlining cross-border transactions.

Significant Growth in Key Markets

Airwallex reported impressive growth figures, with gross profits in the Americas and Europe showing over 250% annual growth over the past four years. This indicates strong demand for its services, cementing its position as a leader in the fintech space.

For more updates on fintech innovations and investment opportunities, stay tuned to our latest articles.

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AI turns AR teams into financial superheroes.

August 2, 2025

Encourage regulatory advancements in Fintech for accelerated growth – FF News

August 2, 2025

Policybazaar PB Fintech sees a 33% rise in turnover, reaching Rs 1.348 crore in the first quarter of FY26.

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