Reported 2 days ago
Airwallex, the fintech payments firm, has achieved a valuation of $6.2 billion following a $300 million funding round, marking an almost 11% increase from its previous valuation in 2022. Despite a challenging funding environment for fintechs due to high interest rates and economic uncertainty, Airwallex has successfully expanded its operations and diversified its offerings, now generating over 70% of its revenue through online payment processing and spend management.
Source: YAHOO