Deals
Tencent-Backed Airwallex Retains $5.5 Billion Value With Funding
- Airwallex raises $100 million from existing, new investors
- New investors include Australia’s superannuation fund HostPlus
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Payment platform startup Airwallex has raised $100 million in an extension of its series E funding round while keeping its previous valuation amid current market volatility.
Australian industry superannuation fund HostPlus and a North American pension fund participated in the extension along with existing investors including Tencent Holdings Ltd., Airwallex said in a statement Tuesday. The company was able to maintain its valuation at $5.5 billion, according to the statement, which didn’t identify the pension fund.