Existing investor Tencent has returned for a $100m series C round that valued the cross-border financial remittance service at more than $1bn.
Airwallex, an Australia-based provider of cross-border payment technology, closed a $100m series C round yesterday that was led by investment firm DST Global and backed by internet group Tencent.
Hedge fund manager Hillhouse Capital and venture capital firms Sequoia Capital China, Gobi Partners, Horizons Ventures and Square Peg Capital also took part in the round, which valued the company at more than $1bn.
Founded in 2015, Airwallex operates an online platform that enables enterprise clients to transfer money internationally while…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
