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The cross-border payment startup joined the unicorn club after crossing the $1 billion valuation mark a year ago. © 2020 PitchBook Data. The new funds pushed Airwallex's valuation to $1.8 billion and the total capital raised to more than $360 million. “With strong domain expertise and deep investment into core financial infrastructure, Airwallex is very well positioned to take advantage of the large payments market and the recent accelerated move to online.”, NOW READ: “The world is changing”: In a post-COVID-19 economy, fintech is everything, says Airwallex’s Lucy Liu. It’s everywhere.”. “Airwallex provides us with flexibility and cost savings in dealing internationally. The funding follows a year of "momentous growth," Airwallex said in the same statement. Get the full list ». Fintech unicorn Airwallex's valuation hits $1.8bn after new funding, An Airwallex office in Shanghai. “We are more certain than ever that the digital economy is going to be the centre of the world’s economic structure.”. Get trusted insights from experts within Asia itself. The top-up brings the Series D round to $306.5 million, and Airwallex’s total capital raised to more than $564 million. The cross-border payment startup joined the unicorn club after crossing the $1 billion valuation mark a year ago. Cookie Policy All rights reserved. After the fundraising Airwallex's valuation is an estimated $1.8 billion. Stay ahead with our exclusives on Asia; the most dynamic market in the world.

SmartCompany Despite a gloomy global economic outlook, investors appear to be bullish on Airwallex's cross-border online payment business.

Airwallex originally wanted to raise up to $160 million through the round that was open to all new and existing investors. It’s designed to help clients expand their markets without having to open multiple offices and bank accounts, and without having to deal with various barriers to entry. Get COVID-19 news you can use delivered to your inbox. Sign up to our newsletters to get our best stories delivered straight to your inbox. The Series D fundraising pegged Airwallex’s valuation at US$1.8 billion, according to a person familiar with the matter, and brings the start-up’s total equity funding to over US$400 million. "We envision a world in the not too distant future where all businesses will operate and conduct their affairs online, including banking.". It also sees first-time investment from Skip Capital, the fund headed up by Kim Jackson and her husband, Atlassian co-founder and co-chief Scott Farquhar. Social media giant Facebook has opened applications for its latest grants, available to small businesses in Melbourne and Sydney.