Fintech unicorn Airwallex’s valuation hits $1.8bn after new funding

HONG KONG — Airwallex, a Hong Kong-based fintech unicorn, has raised $160 million in a fresh round of funding, the largest amount of capital it has raised so far, to expand its global footprint and product offerings as it seeks acquisition opportunities in the payments sector.

The series D fundraising round included new investors ANZi Ventures, the corporate venture arm of Australia and New Zealand Banking Group, and Salesforce Ventures, the investment fund of U.S. business-software company Salesforce.

Existing investors Sequoia Capital China, Chinese private-equity firm Hillhouse Capital, Russia-based DST Global, Hong Kong tycoon Li Ka-shing’s Horizons Ventures, and Chinese

Read More