Cross-border fintech startup Airwallex raises $100M at a valuation of over $1B

1

Airwallex

Airwallex has fixed that problem for any would-be international-minded coffee shop owners/investors, but Zhang is convinced that the future of his business is to be an ecosystem for global banking and financial services. Precisely what that might mean in the future isn’t clear. But looking at companies that work closely with business customers, Airwallex is ideally placed to offer loans and financing, either directly or via partners, and really involve itself in growing its customers and their businesses.

#Payment Network #Money Transfer #International Money Transfers

2

Western Union

“We were importing from overseas and paying Western Union a bunch of money,” he recalls. “It was all very slow.”

#Online Payments #Business & Commerce #Payment Platform

3

Wise

For now, the backing of its investors is allowing Airwallex to grow its business without needing to focus on making money. That’s proven tricky for some fintech companies — such as TransferWise and Europe’s challenger banks — but Zhang is confident that when that changes, his company will have little trouble being sustainable.

#Online Payments #Money Transfer #International Money Transfers 24 social mentions