Fintech unicorn Airwallex snags $160M Series D funding for US, Europe expansion
04/16/2020|3:28:10 PM|DealStreetAsia

Hong Kong-based fintech unicorn Airwallex has garnered $160 million in a Series D round of financing as it seeks to expand its footprint in Europe, the United States, and other new markets. 

Airwallex is valued at $1.8 billion after the funding round, it disclosed. 

The Series D round attracted participation from a group of new strategic investors including ANZi Ventures, the corporate venture capital arm of Australia’s ANZ Bank, and Salesforce Ventures, the investment unit of American cloud-based software developer Salesforce. Existing investors Sequoia Capital China, a Chinese gaming and social media giant Tencent, and Asia-focused private equity major Hillhouse Capital also participated in the new round. DST Global, an early investor in firms such as Facebook, Twitter and Spotify, and Horizons Ventures, which manages Hong Kong tycoon Li Ka-Shing's venture investments, also joined the financing. 

The Series D round took the total capital raised by Airwallex to over $360 million. The investment comes slightly over one year after Airwallex completed a $100 million Series C round and crossed the $1 billion valuation mark in March 2019.

The company primarily helps businesses collect and settle payments when their users spend money around the world.

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