Airwallex

remittancesbusiness

FOUNDING YEAR: 2015
LOCATION: Hong Kong
Last Update: 03/12/2020

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About

Founded in 2015, Airwallex is a technology company that revolutionises the way businesses operate globally. Our financial infrastructure provides a modern technology stack for businesses to operate internationally, without the challenges of the current global financial system. Businesses use Airwallex as their end-to-end global financial services platform. Whether its making or receiving payments from customers, domestically or internationally, Airwallex saves businesses time and money by offering real-time, reliable and cost-effective financial solutions. Our web and API solutions support businesses of all sizes, from small companies to large enterprises. In this fast-changing digital world that is increasingly becoming borderless, our purpose is to empower businesses of all sizes to grow in their own markets and around the world, and by doing so, contribute to the global economy.Airwallex has since grown to over 400 employees across ten offices around the world. Airwallex has raised over $360 million USD in venture capital funding, supported by top-tier investors including DST Global, Sequoia Capital, Tencent, Hillhouse, Horizons Ventures, Salesforce ventures, ANZ and Mastercard. In March 2019, Airwallex was valued over $1 billion USD after its Series C fundraising round, and became one of the fintech unicorns in APAC. The company was also named one of the worlds top 50 fintechs in KPMGs 2019 and 2018 Fintech100 lists.

MEDICI Analysis

Airwallex provides cross-border payment solutions for business users. It helps them to generate and pay international invoices and also offers an API integration to their platform to perform any transactions.

Focus

PRODUCTS & SERVICES

Cross-border payment platform for SMEs.

REVENUE MODEL

The company charges a transaction fee and 3% foreign exchange protection fee from the payers.

MAIN CLIENTS

Online retail companies

company provided insights

Traction

TRACTION COMMENT:

The company is planning for plans for offices in San Francisco and Singapore (Dec 2017).

People

FOUNDERS

Jack Zhang (CEO)

Jacob Dai (CTO)

Max Li

Lucy Yueting Liu

Jack Zhang

Jacob Dai

Lucy Yueting Liu

NUMBER OF EMPLOYEES

201-500

INVESTORS:

Capital

Central Capital Ventura

DST Global

DST Global Solutions

Gobi Partners

Gravity Venture Capital

Hillhouse Capital Group

Horizons Ventures

Mastercard

mastercard.com.au

Salesforce Ventures

Sequoia Capital

Square Peg Capital

Tencent

Tencent Holdings

Sequoia Capital China

ANZi Ventures

Skip Capital

KEY EMPLOYEES:

Lucy Liu (COO)

Ki-Lok Wong

Momentum

FUNDED

YES

TOTAL FUNDING

$229.73 M

DATE OF LAST FUNDING

Sep 2020

TOTAL FUNDING COMMENT

The company is planning to use the fund to expand operations globally, with particular focus in South East Asia to deliver on what Airwallex has coined the 'dream factory model. (July 2018)

SEED & PRIOR FUNDING

$3 M

SEED CLOSED ON

Jul 2016

FUNDING SERIES

SERIES A  · $6 M  · Dec 2017

SERIES B  · $80 M  · Jul 2018

SERIES C  · $100 M  · Mar 2019

SERIES D  · $40.73 M  · Sep 2020

LISTED

NO

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