24 March 2021
Written By FinTech Alliance
Cross-border payments FinTech AirWallex has announced it’s adding $100mn to its Series D funding round.
In Brief:
This brings the business’ valuation to $2.6bn.
The fresh funding was led by Greenoaks.
It also included Grok Ventures, and existing investors Skip Capital and ANZi Ventures.
What does this mean?
AirWallex aims to launch in the US later this year, so this is what a lot of the funding will go toward. It also wants to expand payments to other regions like the Middle East and Africa.
The company aims to eliminate high consumer credit costs through its ad-subsidized payments network
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