Airwallex chooses London as European HQ after $100m funding
Australian cross border money management company, Airwallex, has chosen London as the base for its new European headquarters.
The four year old firm, which has just secured US$100m in funding, giving so-called unicorn status, has opened its London branch as part of its global expansion plan.
Airwallex even took to Twitter to respond to MP Graham Stuart who tweeted his delight at the company choosing London as its European base.
The Conservative MP tweeted: “Great to see Australian fintech startup @airwallex has chosen London for its European HQ. The UK has more VC investment in tech than anywhere else in the world, London is the nation’s leading fintech hub and the top destination for tech talent employing 44k Londoners “.
Airwallex replied: “Thank you for your support @grahamstuart! We're thrilled to be able to bring @airwallex to the UK and Europe and can't wait to grow our team here in London! #Fintech”
Strong investor support
The latest funding round was achieved with new investor DST Global, while existing participants from Airwallex’s previous rounds returned for the Series C fundraising, including Sequoia Capital China, Tencent, Hillhouse Capital, Gobi Partners, Horizons Ventures and Square Peg Capital.
The round brings Airwallex’s total capital raised to over $200m. Just three years after it was founded, Airwallex is now valued at over $1bn USD, confirming its position as a newly minted fintech unicorn.
The company said the money will go towards accelerating product development and global reach to help marketplaces, online sellers and SMEs.
Airwallex offers services that allows people and companies to manage their international revenue and cross-border payments and transactions.