Updated · The Australian Financial Review · Jun 26
Airwallex Hits $11 Billion Valuation, Delays IPO After $320 Million Funding
Updated
Updated · The Australian Financial Review · Jun 26
Airwallex Hits $11 Billion Valuation, Delays IPO After $320 Million Funding
3 articles · Updated · The Australian Financial Review · Jun 26
Summary
$320 million in new Series H funding lifted Airwallex to an $11 billion valuation and gave the payments company room to postpone an initial public offering, CEO Jack Zhang said.
The Melbourne-founded, Singapore-based group added $3 billion in value in just six months, marking a sharp jump in investor backing.
Addition led the round, which Airwallex said will fund autonomous-finance product development, regulatory expansion and AI hiring alongside new products T:0 and Airi.
The fundraising comes despite criticism in the United States that Airwallex is too close to Chinese authorities and may be an untrustworthy holder of sensitive data.