Airwallex Completes USD100 Million Series C Funding Round: A New Fintech Unicorn
Tuesday, March 26, 2019
(EqualOcean by Shiyun Guo) – Airwallex, an Australia-based and Hong Kong-headquartered cross-border payment platform, announced today that it has completed Series C round funding of USD 100 million. The new round was led by DST Global (DST). In total, Airwallex has financed more than USD 202 million. After this round, its valuation is expected to be higher than USD 1 billion.
Jack ZHANG, the founder and CEO of Airwallex, said fund raised from this round will be used to help Airwallex expand globally (the US, UK and south-east Asian markets), attract more small-to-medium business clients and invest more on R&D.
Airwallex started in Melbourne in 2015, within four years it has become the unicorn in Fintech industry. Surely there is something it did better compare to its peers. The following article will analyze what it has done well so far.
