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Startups

Fintech unicorn Airwallex's valuation hits $1.8bn after new funding

Hong Kong startup raises $160m in series D round to fund global expansion

An Airwallex office in Shanghai. The cross-border payment startup joined the unicorn club after crossing the $1 billion valuation mark a year ago. (Photo courtesy of Airwallex)

HONG KONG -- Airwallex, a Hong Kong-based fintech unicorn, has raised $160 million in a fresh round of funding, the largest amount of capital it has raised so far, to expand its global footprint and product offerings as it seeks acquisition opportunities in the payments sector.

The series D fundraising round included new investors ANZi Ventures, the corporate venture arm of Australia and New Zealand Banking Group, and Salesforce Ventures, the investment fund of U.S. business-software company Salesforce.

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