Australia-based payments company Airwallex has closed its Series D round on $160m, which will help it continue its global customer acquisition and licensing efforts.
ANZ Bank investment division ANZi Ventures and Salesforce Ventures were among the investors to the round.
Previous backers of Airwallex, DST Global, Tencent, Sequoia Capital China, Hillhouse Capital and Horizons Ventures also contributed to the round.
With the close of the round, the FinTech has raised a total of $360m since it was founded in 2015. The company became a unicorn last year, following the close of its $100m Series C from DST Global and a selection of other backers.
Airwallex is planning to use the fresh equity injection to accelerate its global growth through customer acquisition and licensing. The company is particularly focused on Europe the US and entering the Middle East.
Funds will also be used to increase its product line to include acceptance capabilities through a gateway solution and partner integration.
Airwallex is an end-to-end financial services platform which helps businesses of all sizes access international payments. Clients can access low-cost payments and collections worldwide and instant AUD, USD, EUR, GBP, HKD and CNY global accounts.
Over the past year, the company has expanded with offices in Tokyo, Bangalore and Dubai. The company has also released a number of new services including borderless cards with Visa and integration with accounting platform Xero.
Airwallex CEO and co-founder Jack Zhang said, “The global shift to digital is imminent. We envision a world in the not-too-distant future where all businesses will operate and conduct their affairs online – including banking – with the help of modern tools.”
“From the very beginning, our vision has been to lead the transformation of global financial infrastructure. We have stayed true to our vision by building the Airwallex platform with fast and agile technology, continually improving our product and investing in dedicated support teams. More than ever, we are well-positioned to support businesses no matter their size as they adapt to today’s changes.”
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