Airwallex, an online payments company based in Hong Kong and Australia, recently completed a Series E extension round. The $100M Series E extension was led by Lone Pine Capital including investment from 1835i Ventures and Sequoia Capital China. Airwallex’s valuation increased $1.5B to $5.5B (from $4B) in September when the initial Series E round was conducted. The company anticipates using the funding to continue building-out its banking and payments businesses into more markets, and investing in new products.
Airwallex raises $100M at a $5.5B valuation to expand its business banking and payments platform globally