Through a funding round extension, Airwallex, an Australian financial technology company, raised $100M and supported its $5.5B business valuation.
The company’s current investors, including those based in China and the U.S., are said to have significantly funded the extension.
Other participants included HostPlus, a Melbourne-based superannuation fund, and a North American pension fund.
Airwallex secured a total funding increase of $900M+, including the $100M raised in the Series E extended round.
Despite the challenging market environment Jack Zhang (the CEO and co-founder of the organisation) commented on, with the company’s constant business growth and clientele doubling, Airwallex accomplished a 184% revenue increase.
Not only is the Australian business flourishing, but it is also enabling other companies to sustain and accelerate their success by coming up with an “efficient way to operate globally,” Zhang adds.
Related Posts
Webflow Raises $120 Million at $4 Billion Valuation
Webflow is a no-code visual development platform for the CMS market and professional website. It is also a…
March 16, 2022
Color Raises $100 Million at $4.6 Billion Valuation for Health Tech Industry
Color is the company that provides its clients with large-scale healthcare programs, as well as with clinical tests.…
November 10, 2021
H2O.ai Raises $100 Million at $1.6 Billion Valuation for Computer Software Industry
H2O.ai is the start-up that assists businesses and enterprises in building and operating artificial intelligence-based services. To make…
November 8, 2021
FalconX Raises $150 Million at $8 Billion Valuation
FalconX is a digital asset trading platform and cryptocurrency brokerage that specializes in fintech, cryptocurrency, and blockchain. FalconX’s…
June 22, 2022
Cerebras Systems Raises $250 Million at over $4 Billion Valuation for AI Industry
Cerebras Systems is the AI chip start-up that created the largest computer chip. The company has been developing…
November 11, 2021
Deliverr Raises $250 Million at $2 Billion Valuation for E-commerce Industry
Deliverr is a start-up that developed a technology for e-commerce fulfillment for merchants on a marketplace platform, such…
November 22, 2021
Grafana Labs raises $220 Million at over $3 Billion Valuation for IT Industry
Grafana Labs is the company that is behind Grafana, the platform for time series data visualization. In its…
August 26, 2021
Wonder Raises $350 Million at $3.5 Billion Valuation
Wonder is a food delivery startup that provides mobile restaurant delivery services. Wonder’s commissary kitchens source ingredients, while…
June 14, 2022
MOLOCO raises $150 Million at $1.5 Billion Valuation for Machine Learning Industry
MOLOCO is the company that provides mobile app marketers and e-commerce companies with machine learning and growth solutions.…
August 18, 2021
Immutable Raises $200 Million at $2.5 Billion Valuation
Immutable is an NFT startup that develops scalable blockchain infrastructure that transforms digital asset ownership in the video-gaming…
March 9, 2022
Retool Raises $45 Million at $3.2 Billion Valuation
Retool is a low-code platform that helps businesses to build up internal tools such as custom apps, custom…
July 28, 2022
Chainalysis Raises $170 Million at $8.6 Billion Valuation
Chainalysis is a blockchain analysis company that provides governments, banks, and businesses with blockchain data and analysis. It…
May 11, 2022
Acrisure Raises $725 Million at $23 Billion Valuation
Acrisure is an insurance brokerage company that provides medium and large-sized enterprises throughout the US Midwest with insurance…
June 1, 2022
Novo Raises $35 Million at a $720 Million Valuation
Novo is a digital neobanking platform for small business owners, freelancers, and entrepreneurs. It provides clients with an…
November 22, 2022
Clipboard Health Raises $80 Million at $1.3 Billion Valuation
Clipboard Health is a marketplace, an app that matches healthcare professionals with shifts in healthcare facilities near them.…
April 20, 2022