ANZ Bank's 1835i affiliate backed the $100m second tranche of a round that lifted the payment technology provider’s total funding past $800m.

Australia-based cross-border payment technology provider Airwallex increased its series E funding to $300m today with a $100m extension featuring financial services firm ANZ Bank’s venture capital affiliate, 1835i.

Hedge fund manager Lone Pine Capital led the extension at a $5.5bn valuation and it included VC firm Sequoia Capital China. The second close brings the company’s total funding to $802m.

Airwallex has developed software which helps financial institutions process domestic and international transactions. It claims it experienced a 165% year-on-year increase…

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Fernando Moncada Rivera

Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
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