Airwallex accesses corporates for $80m

Jul 3, 2018 • Robert Lavine

Existing investor Tencent and BCA's Central Capital Ventura unit took part in a series B round that will fund international growth.

Airwallex, an Australia-based supplier of cross-border payment technology, closed an $80m series B round featuring internet group Tencent and financial services firm Bank Central Asia (BCA) today.

Sequoia China also invested in the round, as did Hillhouse Capital, Horizons Ventures and Square Peg Capital, while BCA participated through its venture capital unit, Central Capital Ventura.

Founded in 2015, Airwallex has developed an online platform that simplifies the foreign exchange (FX) process for its clients. It offers live FX rates and…

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