Airwallex Raises Funds at $4 Billion Valuation for Expansion
- Lone Pine Capital leads $200 million investment in company
- Payments firm to expand in Europe, U.S. and Southeast Asia
Airwallex Chief Executive Officer Jack Zhang
Photographer: Anthony Kwan/BloombergThis article is for subscribers only.
Airwallex Cayman Ltd. raised $200 million to accelerate its expansion in global payments as it taps investors keen on fast-growing fintechs.
The Australian company attracted funding from investors led by Lone Pine Capital, boosting its valuation to $4 billion after the series E round, the company said in a statement on Monday. Other new investors include G Squared and Vetamer Capital Management.