Tencent-Backed Airwallex Seeks Funding at $6 Billion Value
- The firm is seeking to close the fundraising around year-end
- Airwallex hit $500 million in annual revenue in August
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Fintech company Airwallex is in talks with investors to raise about $200 million in a new funding round to finance its growth, according to people familiar with the matter.
The Tencent Holdings Ltd.-backed company is seeking to close the funding around year-end, the people said, asking not to be named discussing private information. The Singapore-based firm is targeting a valuation of about $6 billion, though talks are preliminary and could be subject to change, the people added.