Airwallex reaches a US$4b valuation / yet another Ozzie Unicorn

There is a wave of Ozzie Unicorns being created - with Fintech Airwallex has raised US$200 million in an oversubscribed Series E financing round, giving the company a US$4 billion valuation.

The cool thing - is that Global VCs are recognising the value and capabilities of the Australian Tech Sector.

Airwallex’s latest raise was led by US hedge fund Lone Pine Capital and saw new investors - G Squared and Vetamer Capital Management - put money into the fintech, alongside existing investors Salesforce Ventures, DST Global, Sequoia Capital China and 1835i.

So who is Airwallex and what does it do?

Airwallex was founded sipping lattes at a cafe by Jack Zhang, Lucy Liu, Max Li, Xijing Dai and Ki-lok Wong in 2015 and has grown to 1000 employees around the world.

They focused on helping  smes  make purchases with offshore merchants without incurring typical exchange fees and has expanded to offer products, including multi-currency debit cards with Visa, bank feed integration with Xero and online payment capabilities.

A mini Unicorn to look out for?

Looking forward to seeing the continued growth leading to an explosion of value of Anwar Khalil’s My Recruitment Plus …..