PayTech unicorn Airwallex extends Series E just months after close

Global payments platform Airwallex has raised $100m in its Series E1 funding round following an oversubscribed Series E round.

The investment was led by Lone Pine Capital, with participation from existing investors including 1835i Ventures, the venture capital partner to ANZ and Sequoia Capital China.

In September, Airwallex was valued at $4bn following the close of its oversubscribed $200m Series E round, which was also led by Lone Pine Capital. This latest round brings its total Series E fundraising to $300m.

Airwallex has built a financial infrastructure and platform to help businesses manage online payments and treasury without the constraints of the traditional financial system.

The company has demonstrated a strong third quarter performance, recording a 165% year-on-year revenue increase, with annualised revenue exceeding $100m.

Airwallex has scaled its business across APAC and EMEA. Earlier this month, Airwallex was granted a Major Payment Institution License in Singapore by the Monetary Authority of Singapore (MAS) under the Payment Services Act.

Lone Pine Capital co-chief investment officer David Craver said, “Airwallex’s achievements in the last quarter alone showcase the strength of the company’s business model and its unique ability to meet their customers’ evolving needs in a competitive digital payments market.”

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