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 in revenue the in third quarter of 2021 and will use the series E proceeds to grow internationally and develop its product offering for businesses.
The round’s initial $200m tranche closed in September this year and was also led by Lone Pine Capital. It was backed by 1835i Ventures and enterprise software provider Saleforce’s corporate venturing subsidiary, Salesforce Ventures, as well as G Squared, Vetamer Capital, DST Global and…
Fernando Moncada Rivera
Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
