Meet Airwallex: APAC's new fintech unicorn

Airwallex has raised $100 million via a Series C funding round led by DST Global, valuing it at over $1 billion. The start-up this year also expects to process $10 billion-plus in payments.

Global slowdown in fundraising What global slowdown in fundraising Meet the new unicorn in town Hong Kong-headquartered payments firm Airwallex. 

The company founded in 2015 by Chinese-Australian entrepreneur Jack Zhang looks immune from the investor penny-pinching after bringing in money from one of the world’s most active tech venture capitalists, DST Global.

In a statement published on Tuesday, Airwallex said its $100 million Series C fundraising also raised new funds from existing investors Sequoia Capital China, Tencent, Hillhouse Capital, Gobi Partners, Horizons Ventures and SquarePeg Capital.

The round brings Airwallex’s capital raised to over $200 million and took less than two...

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