Airwallex is a financial technology company that offers integrated solutions for personal and business cross-border transactions.
Airwallex facilitates international money transfers through a combination of local payment collection, foreign exchange and distribution.
Airwallex was founded in Sep 2015 and is based in Melbourne, Victoria, Australia with additional offices in Hong Kong, London and San Francisco, & China.
Airwallex's products include an invoicing platform for businesses to create and pay international invoices and a series of APIs that allow e-commerce platforms to process international payments, convert funds at the mid-market rate, manage inventory and display prices across multiple currencies in real-time.
Airwallex has built more than 50 bank integrations and now offer payments across 95 countries, payments through a partner network, with 43 of those offering real-time transactions.
Airwallex has around 20,000 customers spanning areas like e-commerce, tech/SaaS companies and professional services. It also has 500 large platform customers (Papaya Global and GOAT are two examples) that have embedded Airwallex’s services within their own services to power transactions for their own customers.
Airwallex is backed by Tencent, Sequoia, DST Global, Greenoaks, Lone Pine Capital, MasterCard, G Squared, Vetamer Capital Management, Salesforce Ventures, Hillhouse Capital Group, Square Peg, 1835i Ventures, and others. The company raised $100M in Series F round on Nov 17, 2021. This brings Airwallex's total funding to $602.3M to date. The latest round pushed the company's valuation to $5.5B, from their previous $4B gained after Series E raised in Sep 2021.