Capital 49 will invest in companies developing technology utilising Airwallex's payment infrastructure, and has a $200m target for its close.
The founders of Australia-based payment technology provider Airwallex are seeking $200m for a venture capital fund which will back companies utilising its payment infrastructure.
Airwallex operates a cross-border payment platform which enables businesses to trade internationally by managing payments, expenses and budgets globally across a range of markets and currencies.
The fund, dubbed Capital 49, will raise capital from Airwallex’s founders as well as external backers, and will invest in areas such as e-commerce, software-as-a-service, digital technology, business services and…
