Reported 28 days ago
Airwallex, a fintech company supported by Tencent, is in discussions to raise $200 million in funding to fuel its growth, targeting a valuation of $6 billion by year-end. Founded in Australia and now based in Singapore, Airwallex reported annual recurring revenue of $500 million and serves over 100,000 businesses worldwide. The company has invested significantly in artificial intelligence to enhance its services, including customer onboarding and support, and is preparing for a potential IPO by 2026.
Source: YAHOO