Li Ka-shing, Hillhouse back Aussie payments startup

Airwallex is building momentum after securing early backers, including Tencent and Sequoia -- more proof if any was needed that high-profile investors add to a startup’s credibility.

Cross-border payments firm Airwallex said on Tuesday that it had raised $80 million from some of the world’s most successful technology investors excited about its expansion across Asia and its mission to take the friction out of cross-border payments.

Among the investors in the series B fundraising were Chinese private equity firm Hillhouse Capital and Horizons Ventures, which manages the private wealth of Hong Kong billionaire Li Ka-shing.

Airwallex also attracted Sequoia Capital China and early-stage corporate venture capital firm Central Capital Ventura, which is backed by Indonesia's Bank Central Asia. Another investor in the series B round was Australia's Square Peg Capital.  

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