Australian FinTech Airwallex has added $40mn to its Series D funding round.
In Brief:
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This is added to $160mn already announced in April.
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To date it has raised a total $400mn equity funding.
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The business reported “triple-digit growth in net revenue” in Q3 2020.
What does this mean?
The funding will be used to support Airwallex’s entry into the US market which is planned for Q1 2021. The FinTech has already experienced high demand for digital payments solutions this year and has managed to cater to this. Its global customer base has increased by 50% from Q2 to Q3 2020.
