Airwallex raises US$300m in Series F funding

The company plans to use the funds to expand into Japan, Korea, the UAE, and Latin America.

Airwallex has completed a US$300m Series F funding round at a US$6.2b valuation.

The round includes US$150m in secondary share transfers.

The proceeds will be earmarked for the company's expansion to Japan, Korea, the UAE, and Latin America, whilst boosting sales efforts in Europe, North America, and Southeast Asia.

Airwallex has reported growth in the Americas and EMEA regions over the past four years, with gross profit growing at a CAGR of more than 250% in both regions.

In the Middle East, it recently hired staff in the UAE, both in Abu Dhabi and Dubai, and is expanding its presence in Israel.

The new investment, which brings Airwallex’s total funding to more than US$1.2b, includes Square Peg, DST Global, Lone Pine Capital, Blackbird, Airtree, Salesforce Ventures, and several pension funds in Australia. Visa Ventures also joins as an investor.