Companies
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Airwallex
Fintech
Airwallex is a global fintech company, founded in Melbourne, that provides multi-currency accounts, payments, and financial infrastructure for businesses operating internationally.
$10.2B
-$46.65
64.25%
30 days ago
$72.60
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Airwallex was founded in 2015 in Melbourne, Australia by Jack Zhang along with several co-founders, reportedly sparked by the founders' own frustration trying to pay overseas suppliers for a coffee shop business and encountering slow, expensive traditional cross-border banking. The company built out a global financial infrastructure platform that lets businesses open multi-currency accounts, receive and send international payments, issue physical and virtual corporate cards, manage foreign exchange, and access embedded finance capabilities that other companies can build directly into their own products via API, rather than relying on a patchwork of local banks and legacy correspondent banking networks in each country they operate in. Airwallex has built its own proprietary global payments network alongside banking partnerships, aiming to offer faster settlement and lower foreign exchange costs than traditional banks for the cross-border payment flows that are especially common among e-commerce, travel, and other digitally native businesses operating across many markets simultaneously. The company holds licenses and regulatory approvals across a large number of jurisdictions, spanning Asia-Pacific, Europe, and North America, reflecting the scale of compliance infrastructure required to operate as a global payments and banking-as-a-service provider. Airwallex has raised well over $1 billion in total venture funding from investors including Tencent, Sequoia Capital China, Lone Pine Capital, and DST Global, reaching a valuation in the multi-billion-dollar range and unicorn status, and it competes with other global business fintech platforms including Wise, Revolut Business, and Stripe's Treasury and cross-border payment products.
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