Airwallex, a Singapore-based provider of financial infrastructure solutions, announced a $300 million Series F investment from investors including Square Peg, DST Global, Blackbird and Salesforce Ventures. The company works to help businesses streamline global payments and financial operations and is valued at $6.2 billion following the raise.
The Airwallex platform enables businesses to send and receive money in multiple currencies. Its financial infrastructure integrates into local clearing systems and card networks, and the company operates a comprehensive licensing portfolio. Airwallex enables its customers to manage finances through global business accounts, accept online and in-store payments and manage company spend. It also provides and API, enabling companies to integrate Airwallex capabilities directly into their own solutions.
The capital raise for Airwallex follows a significant period of growth. Alongside increasing its revenue by 109 percent and growing its customer count to 150,000 businesses, the company recently established several global offices in cities across the U.K., the Middle East, Australia and other regions.
Equipped with its new capital, Airwallex will continue expanding its financial infrastructure into new markets like Japan, Korea, the UAE and Latin America. It also plans to advance its go-to-market efforts in Europe, North America and South East Asia.
