Airwallex Announces Partnership with Australian Digital Brokerage Stake

Australian cross-border payments platform Airwallex announced that it has been chosen by Australian digital brokerage Stake as a global cross-border payments and FX partner. The deal follows Airwallex’s Series E fundraising round​ led by Lone Pine Capital.

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Stake and Airwallex will collaborate on delivering efficient and exciting solutions that will provide the seamlessness that Stake’s 360,000-plus customer base have come to expect, especially when it comes to moving money between Wall St and the ASX.

The Airwallex integration will support Stake’s international expansion into New Zealand, Brazil and the UK, as well as the company’s move into the ASX and the beta launch of its modern self-managed super fund establishment product.

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“Stake has truly disrupted the brokerage market and has proven itself to be one of the most innovative Australian fintechs. We are thrilled to partner with Stake and support its global ambitions through our financial cloud platform,” said Jack Zhang, CEO and Co-Founder of Airwallex.

“It was a no-brainer partnering with Jack and the Airwallex team who share our passion for innovation and technology. It’s been clear already that Airwallex shares our vision for leveraging technology to bring better outcomes to customers and we’re excited to roll out a suite of amazing solutions together, ”Matt Leibowitz, CEO and Co-Founder of Stake added.