Next Money
  • Home
  • News
    • Business
    • Cloud
    • Features
    • Identity
    • Insurance
    • Crypto
    • Open Banking
    • Payments
    • Regulation
    • Retail
    • Security
    • Startups
    • Wealth
  • Agency
  • Founders
  • About
  • Privacy policy
Facebook 13K Likes
Twitter 18K Followers
YouTube 796 Subscribers
LinkedIn
Next Money
  • Home
  • News
    • Business
    • Cloud
    • Features
    • Identity
    • Insurance
    • Crypto
    • Open Banking
    • Payments
    • Regulation
    • Retail
    • Security
    • Startups
    • Wealth
  • Agency
  • Founders
  • About
  • Business
  • News

Global shift to digital is imminent says Airwallex boss

  • Neil Martin
  • April 22, 2020
  • No comments
  • 2 minute read
Total
0
Shares
0
0
0

In sentiment that will resonate with all fintechs, the CEO of Airwallex has said that the global shift to digital is imminent. 

Jack Zhang, CEO and Co-founder of Airwallex, was speaking at the time of the company’s Series D closing. It raised US$160m, marking its biggest raise to date. 

Zhang said: “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.”

Quite a few people obviously agree with him, as the round included majority participation from a group of new top-tier global strategic investors, including ANZi Ventures (the corporate venture capital arm of ANZ Bank) and Salesforce Ventures (the global investment arm of Salesforce). 

Existing core investors DST Global, Tencent, Sequoia Capital China, Hillhouse Capital and Horizons Ventures also participated, bringing Airwallex’s total equity raise since it was founded in 2015 to US$360m.

The new money will accelerate worldwide growth in Europe, the US and new markets, expand its product line to include payment acceptance solutions and explore acquisitions to fast track Airwallex’s offerings.

It was back in March 2019 when Airwallex closed its Series C round, allowing the company to rapidly expand, with new offices in Tokyo, Bangalore and Dubai. 

Airwallex also launched Airwallex Borderless Cards in partnership with Visa and completed an integration with Xero.

Total
0
Shares
Share 0
Tweet 0
Share 0
Neil Martin

Neil Martin is the editor of Next Money. He is a financial journalist who writes on fintech, financial services and automation. He also wanted to be a backing singer for a R&B band, but he can't sing, so took up road cycling instead. Please feel free to follow him on Twitter, LinkedIn, or Medium. And email him if you have a story, or thoughts on fintech in general: [email protected]

Previous Article
  • Business
  • News

Three super deals save VCs blushes in Asia

  • Neil Martin
  • April 21, 2020
View Post
Next Article
  • Business
  • News

Cross River Bank sets sights on Asia

  • Neil Martin
  • April 24, 2020
View Post
You May Also Like
View Post
  • Asia
  • Business
  • News
  • Payments

Why is the QR code payment gaining traction in SE Asia?

  • Neil Martin
  • February 23, 2021
View Post
  • News
  • Business
  • Crypto
  • US

Get bitcoins from an ATM

  • Neil Martin
  • February 13, 2021
View Post
  • Europe
  • Business
  • News
  • Payments

Klarna launches bank accounts in Germany

  • News Team
  • February 10, 2021
View Post
  • Appointments
  • Business
  • News

Latest appointments

  • News Team
  • January 28, 2021
View Post
  • News
  • Business
  • US

Round-Up (end 22 January, 2021)

  • Neil Martin
  • January 24, 2021
View Post
  • Asia
  • Business
  • News

Fintech boss to acquire airline?

  • News Team
  • January 18, 2021
View Post
  • News
  • Business
  • Weekly round up

Round-Up (end 15 January, 2021)

  • Neil Martin
  • January 15, 2021
View Post
  • News
  • Asia
  • Business

LatticeX comments on OCC’s groundbreaking guidance on stablecoin and cypto-payment networks

  • News Team
  • January 14, 2021

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Digital Product Consulting & Digital Transformation Services - CreITive
  • Home
  • Agency
  • Founders
  • About us
  • Privacy policy
  • Contact

Copyright © 2020 Next Money Limited

Input your search keywords and press Enter.