Airwallex Raises US$13M in Series A Funding

▤ Summary

Airwallex, a Melbourne, Australia-based international payments company, raised $13m in Series A funding.The round was led by Tencent Holdings, with participation from Sequoia China and Mastercard.The company – which joined the Mastercard Start Path accelerator program in September 2016 – intends to use the funds to accelerate international expansion.Led by Co-Founder and CEO Jack Zhang, Airwallex provides a suite of APIs which allows businesses to automate and scale their international payment workflows.The platform leverages an FX and payment engine and a transparent pricing model to avoid inflated margins and minimize market risk.

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