Aussie Fintech Airwallex Raises $200m in Series E Funding

Australian cross-border payments platform Airwallex has raised $200 million in a Series E funding round, which was led by Lone Pine Capital with participation from new investors G Squared and Vetamer Capital alongside existing investors Salesforce Ventures and Sequoia Capital China.

The new investment will support Airwallex's global expansion and product development initiatives across its five engineering hubs in San Francisco, Melbourne, Sydney, Shanghai and Amsterdam.

Airwallex launched its services in the US in August through a partnership with domestic finserv and Banking-as-a-Service (BaaS) provider Evolve Bank & Trust.

In early September, the company secured a money services business (MSB) licence​ issued by Bank Negara Malaysia(BNM), the central bank of Malaysia. With the new license, Airwallex will be able to offer modern, streamlined and integrated international payment solutions for Malaysian businesses of all sizes to efficiently manage their operations in Malaysia.