Airwallex, an Australian-born global fintech platform provider, raised an additional US $ 100 million in a Series E1 funding round, which valued the company at US $ 5.5 billion.
This round, which brings Airwallex’s total Series E funding to $ 300 million, with a total of $ 802 million raised, was led by Lone Pine Capital with participation from 1835i Ventures, the capital partner. risk of ANZ, and Sequoia Capital China.
The company intends to use the funds to accelerate its global expansion plans.
This latest increase follows a strong performance in the third quarter, where the company recorded a 165% year-over-year increase in revenue, with annualized revenue exceeding US $ 100 million. The company also made more than 200 additional hires as Airwallex continues to strengthen its presence in its key markets globally.
Led by Jack Zhang, Co-Founder and CEO, Airwallex is a global payments platform for businesses of all sizes to manage online payments, treasury and payments globally. Today, the company operates with a team of over 1,000 employees at 19 locations around the world. During the last quarter, Airwallex continued to develop its business in the APAC and EMEA region, while also expanding in the United States. The company launched its virtual employee cards in Hong Kong and the UK, marked its entry into Southeast Asia with licenses in Singapore and Malaysia, and continued to integrate new global customers.