Yesterday, Aussie fintech Airwallex announced it raised $160 million in a Series D funding round led by ANZi Ventures, the investment arm of ANZ Bank, and Salesforce Ventures. The company aims to use the proceeds to fund growth in Europe, the U.S., and other markets, as well as expand its product offerings and explore acquisition opportunities.
The funding round also involved existing investors such as DST Global, Tencent, Sequoia Capital China, Hillhouse Capital and Horizons Ventures. To date, the company has raised a total of $360 million.
RippleNet partner Airwallex provides a foreign exchange solution for businesses that need to move money across borders. The company has developed a ‘Global Accounts’ offering, which allows small and medium-sized businesses to collect funds from international customers in their local currencies.
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