Airwallex: A financial technology company that provides cross-border payment solutions for businesses.
We have been so pleased that we is now able to offer Singapore businesses yet benefits, providing them with greater flexibility and control over their cross-border card payments,” saidArnold Chan, Airwallex’s Head of Growth for Singapore.
The launch provides New Zealand businesses with a transparent, faster and more cost-effective alternative to legacy finance institutions , the firm said.
Businesses will soon get access to Airwallex’s full product suite being progressively rolled out available in the market — corporate and employee cards in multiple currencies, spend management, and online payment capabilities.
“The pandemic has propelled even more quickly growth of e-commerce companies in the last couple years, many that are searching for new funding and payments options make it possible for more sustained long-term growth regionally/internationally.
The collaboration focuses on innovative multi-currency cross-border payment solutions for businesses, combining Airwallex’s technology and infrastructure with the benefits and convenience of paying with American Express.
Including American Express, Airwallex now offers over 60 payment methods for Airwallex customers at their checkout.
While Airwallex has recently expanded its product offering considerably, the company does have more in the offing, including plans to expand into lending.
“Basically it’s just like a digital bank that’s competing with global banks like Citi, but we build it in ways where everything is digital native,” he says.
“In 2-3 years time, everybody will consider Airwallex when they’re considering conducting business globally,” says Zhang.
“How a coffee shop business converted into Australia’s fastest-growing $1 billion start-up”, Karen Gilchrist , CNBC.
Airwallex is backed by Tencent, Sequoia, DST Global, Greenoaks, Lone Pine Capital, MasterCard, G Squared, Vetamer Capital Management, Salesforce Ventures, Hillhouse Capital Group, Square Peg, 1835i Ventures, HostPlus, Hermitage Capital, among others.
Airwallex was founded in Sep 2015
Key What To Know Before Opening An Airwallex Account
Choco Up provides e-commerce companies of all sizes with flexible funding which range from $10,000 to $10 million to accelerate their growth.
By connecting the companies’ sales and marketing accounts with their data integration platform, Choco Up can swiftly conduct artificial intelligence-driven risk assessments on applicant companies within hours.
The information gathered enables e-commerce companies to see almost all their business performance data in one place, helping them identify pain points, optimize their businesses, and stay on top of the competition.
While many companies offer platform services for products such as for example embedded finance, Airwallex’s proprietary infrastructure does give it a substantial edge.
Although some companies only have a limited number of connections to an authorized provider, Airwallex has a lot more than 90 connections on the 90 countries it serves, with most countries having multiple partners.
- The Financial Technology Report can be your comprehensive source for business news, investment activity and corporate actions linked to the financial technology industry.
- million, roles included Zhang as CEO, Liu as president, Li as head of design, Dai as chief technology officer, and Wong as principal architect.
- The funding is coming by means of an extension to Airwallex’s Series E — technically a Series E-2, following a $100 million extension in November 2021, and the initial $200 million in September 2021.
- With technology at its core, it has built a financial infrastructure and platform to greatly help businesses manage online payments, treasury and payout globally, minus the constraints of the traditional financial system.
- “In 2-3 years time, everybody will think about Airwallex when they’re thinking about doing business globally,” says Zhang.
We are very happy to summarize this agreement with Airwallex, that may enable us to supply additional services and choices for our clients with regards to international transfers.
We’ve found Mr O’Holleran and his team to be very proactive, and we strongly think that our cooperation will go very smoothly.
Paysera, together with most of its partners, will now provide a lot more efficient services and demonstrate a confident example in the international fintech industry.
This agreement opens the gateway for Paysera’s clients to send money to 149 countries and open IBAN accounts of 9 countries.
Airwallex is one of the leading financial technology platforms for modern businesses growing beyond borders.
With one of the world’s most potent payments and banking infrastructures, their technology empowers businesses of all sizes to accept payments, move money globally, and streamline their financial operations in a single platform.
The business also provides multicurrency cards, lately launching US Airwallex Borderless Card, a virtual multicurrency Visa card for all of us SMBs, in February.
The economy could be showing many signs of contraction at this time, but many companies still should do business internationally.
Now a startup providing the tools to create and manage those transactions is announcing some funding.
At the time, NAB continued to supply payroll and rental payment services to Airwallex.
awardees represent many of the most accomplished women leading organizations and teams across various segments of the financial technology sector…
The effectiveness of Airwallex’s infrastructure has led some to claim that is is attempting to provide a newer alternative to international bank messaging service SWIFT, however Zhang sees the company as being “more complementary to the SWIFT network”.
He says that whenever the company was developing its offering, it decided to build its infrastructure because he and his team “just couldn’t find anyone that we liked from the technology tech stack standpoint”.
Paysera And Airwallex Agreement Will Open The Way To Send Money To 149 Countries
The Financial Technology Report is very happy to announce THE MOST NOTABLE 25 Financial Technology CTOs of 2022.
The regions of expertise of the year’s awardees have huge variations from B2B payments to forex, data security, and financial infrastructure, among numerous others…
Catering to both small and medium-sized businesses and the platforms that serve them, Airwallex offers a growing suite of products which are all centered around reducing friction in global operations.
- The Atome collaboration will complement the multi-currency card-based payment facilities Airwallex offers with Visa, Mastercard and UnionPay, along with the a lot more than 20 localized payment methods across Hong Kong, Indonesia, Malaysia and Singapore.
- Businesses operating across Australia and New Zealand will get paid and make payments in both countries, in addition to convert NZD to AUD and vice versa.
- Today, Airwallex includes a global footprint across Asia-Pacific, Europe, and North America.
high-growth vertical payments company which can solve high-stakes vertical-specific payment and receivables problems for organisations that deliver high-value services.
The 3 major success pillars of Aleta Planet are our capability to seamlessly integrate the human touch and understand new global IT languages and trends to develop our proprietary technology solutions.
[newline]For now, investors believe the right choice is to stick by the business because it’s showing all of the right signals, despite the wider market.
However, this combined platform and infrastructure leads Zhang to trust that the company has few competitors that match its offering.
Airwallex customers in Australia, Hong Kong, Singapore and the United Kingdom will now be able to accept American Express Card payments from all over the world through payment links, Xero invoice payments and e-commerce shopping extensions.
In May 2021, Airwallex received a license in holland, giving them usage of the European market.
Airwallex started operations in america that August, secured a license in Malaysia in September 2021, and in early 2022, launched in Singapore.
In November 2021, it raised an additional US$100 million, reaching a fresh valuation of $5.5 billion and bringing the total funds raised since 2015 to $802 million.
With the success
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