logo
Airwallex Raises US$300 Million At A US$6.2 Billion Valuation To Build The Future Of Global Banking

Airwallex Raises US$300 Million At A US$6.2 Billion Valuation To Build The Future Of Global Banking

Barnama22-05-2025

SINGAPORE, May 22 (Bernama) -- Airwallex, a leading global payments and financial platform for modern businesses, has completed a US$300 million Series F funding round at a US$6.2 billion valuation. The round includes US$150 million in secondary share transfers. The new investment, which brings Airwallex's total funding to more than US$1.2 billion, includes Square Peg, DST Global, Lone Pine Capital, Blackbird, Airtree, Salesforce Ventures, and several leading pension funds in Australia. Visa Ventures also joins as a strategic investor. Airwallex will use the additional capital to expand its global infrastructure into new markets and continue refining and scaling the software that empowers businesses to operate anywhere, anytime.
'The global financial system wasn't built for today's borderless economy,' said Jack Zhang, co-founder and CEO of Airwallex. 'Too many businesses are held back by legacy infrastructure that's slow, costly, and fragmented. At Airwallex, we're building a new foundation for the global economy – one that's fast, seamless, and built for scale. This investment marks a major milestone in our journey to redefine global banking, and to empower businesses everywhere to grow without limits.'

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Vietnam's top leader plans US trip as tariff deadline looms
Vietnam's top leader plans US trip as tariff deadline looms

The Star

timean hour ago

  • The Star

Vietnam's top leader plans US trip as tariff deadline looms

HANOI: Vietnam's Communist Party chief To Lam (pic) is preparing to travel to the US in coming weeks as the two sides look to clinch a trade deal before President Donald Trump's higher tariffs kick in, according to people familiar with the matter. Lam aims to meet Trump to help finalise an agreement, the people said, asking not to be identified as the trip isn't finalised yet. It's unclear what date the party chief will travel, although preparations are being made for him to be there in the next few weeks, they said. He is expected to lead a delegation of Vietnamese officials and business executives, they said, as the nation looks to seal more deals to buy additional American goods to reduce its trade surplus with the US. Pham Thu Hang, a spokesperson for Vietnam's Ministry of Foreign Affairs, said she hadn't received any information about the visit when asked about it at a regular press briefing Thursday (June 19). The White House declined to comment. Negotiators are close to a framework agreement under which Vietnam is pushing for tariffs in the range of 20% to 25%, Bloomberg News previously reported. The US is demanding stricter enforcement against the transshipment of Chinese products and the removal of non-tariff barriers. The two sides held more talks in a virtual meeting on Thursday, attended by US Commerce Secretary Howard Lutnick and US Trade Representative Jamieson Greer, Vietnam's trade ministry said in a statement. Trade Minister Nguyen Hong Dien told the officials Vietnam seeks "to develop practical and harmonious' rules with the US to deter fraudulent exports. He also welcomed the proposals from Lutnick and Greer "to advance the negotiation process,' according to the statement. Vietnam has engaged in weeks of intense trade diplomacy since Trump imposed a so-called reciprocal tariff rate of 46% on imports from the country. He then postponed the duties until July 9, temporarily setting a 10% import tax on trading partners to allow time for talks. In recent weeks, top officials from Vietnam have gone to the US to rally support. The agriculture minister secured US$3 billion worth of provisional deals during a tour of US states. The trade minister met with executives from Nike Inc, Gap Inc, and Walmart Inc to encourage key industry players to get behind negotiation efforts. Vietnam is a critical industrial base for these companies, which count on the nation's factories to manufacture goods ranging from T-shirts and jeans to basketball shoes. Brands raced to move manufacturing to Vietnam over the past decade as US-China tensions escalated, helping turn the country into one of the world's biggest production hubs. The nation's trade connections with China, its largest bilateral trade partner, have been a major sticking point in negotiations. During Trump's economic battle with Beijing in his first term, the manufacturing shift to Vietnam helped build the kind of massive trade surplus that has drawn the ire of the US president. - Bloomberg

Iran Blocks Major Israeli Cyber Assaults On Banking, Vital Infrastructure Networks
Iran Blocks Major Israeli Cyber Assaults On Banking, Vital Infrastructure Networks

Barnama

time2 hours ago

  • Barnama

Iran Blocks Major Israeli Cyber Assaults On Banking, Vital Infrastructure Networks

ISTANBUL, June 21 (Bernama-Anadolu) -- Iran's Cyber Security Command announced that since the onset of Israeli cyberattacks amid the conflict, multiple attempts to disrupt critical infrastructure, including the banking network, have been largely thwarted, Anadolu Ajansi (AA) reported, citing Iranian Mehr News Agency on Friday. Key achievements highlighted, according to a statement by the Command, include repelling major distributed denial-of-service attacks, limiting hacker groups' access to sabotage systems and steal data, causing a partial collapse of Israel's command and control (C4I) structures near military operations and disrupting Israeli data collection mechanisms used for targeted attacks. Additionally, efforts prevented the exploitation of mobile phone malware by hostile actors, it added.

Tesla inks US$560m power deal in China
Tesla inks US$560m power deal in China

New Straits Times

time2 hours ago

  • New Straits Times

Tesla inks US$560m power deal in China

NEW YORK: Tesla announced Friday that it signed an agreement to build its first grid-scale energy storage power station project in mainland China. The project will help with the flexible adjustment of grid resources, and "effectively solve pressures relating to urban power supply," Tesla said in a post to the Chinese social media platform Weibo. "After completion, this project is expected to become the largest grid-side energy storage project in China," Tesla added. Such energy storage systems help to enhance stability in the electricity grid at a time when there are greater supplies of solar and wind power. Chinese media outlet Yicai reported that Tesla Shanghai, Shanghai authorities and China Kangfu International Leasing Co. held a signing ceremony Friday for the project. It added that the deal involved investments of 4 billion yuan (US$560 million). The contract comes at a moment of tension between Washington and Beijing, with the two sides yet to hash out a long-term trade agreement following tariffs announced by President Donald Trump. China and the United States negotiated a "framework" agreement in London earlier this month following two days of marathon talks.--AFP

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store