Airwallex 100m Lone Pine Capital September is an investment by Airwallex in the form of primary capital from the lone pine capital. The investment will be used for Airwallex’s product and technology development, international expansion and working capital.
Airwallex is a financial technology company that offers online cross-border payments for businesses. The company was founded in 2015 by Jack Zhang, Jacob Tang and Max Li.
Lone Pine Capital is a Greenwich, Connecticut – based hedge fund founded in 1997 by Steven A. Cohen.
In September 2018, Airwallex announced it had raised $100 million in Series C funding, led by Lone Pine Capital, with participation from existing investors Sequoia China, DST Global, Gobi Ventures, Tencent and Morningside Ventures.
The company said that the new funding would be used to accelerate product and technology development, expand into new markets and support working capital.
Airwallex CEO and co-founder Jack Zhang said: “We are excited to have Lone Pine Capital on board as we continue to build a global payments platform that helps businesses grow.”
“Lone Pine’s investment will allow us to further invest in our product and technology, as well as expand into new markets.”
Airwallex chief operating officer and co-founder Jacob Tang added: “This new round of funding enables us to execute on our vision to make cross-border payments simple, fast and transparent for businesses of all sizes.”
As part of the investment, Lone Pine Capital partner Michael Brown will join Airwallex’s board of directors.
Founded in 2015, Airwallex is a financial technology company that offers online cross-border payments for businesses. Airwallex has raised a total of $166 million in funding over three rounds. Its latest funding was raised on Sep 5, 2018, from a Series C round.
Products and Services
Airwallex offers online cross-border payments for businesses.
The company has developed a payments platform that helps businesses to send and receive payments in multiple currencies. The platform supports more than 50 currencies.
Airwallex offers two main products:
1. Airwires: This product allows businesses to send money overseas in multiple currencies.
2. Borderless Accounts: This product allows businesses to hold, send and receive money in multiple currencies.
The company has also developed a mobile app that allows businesses to track their payments and access their account balances.
Airwallex has a team of over 130 employees across its offices in Melbourne, Hong Kong, Shanghai and Shenzhen.
Investment
In September 2018, Airwallex announced it had raised $100 million in Series C funding, led by Lone Pine Capital, with participation from existing investors Sequoia China, DST Global, Gobi Ventures, Tencent and Morningside Ventures.
The company said that the new funding would be used to accelerate product and technology development, expand into new markets and support working capital.
Airwallex CEO and co-founder Jack Zhang said: “We are excited to have Lone Pine Capital on board as we continue to build a global payments platform that helps businesses grow.”
“Lone Pine’s investment will allow us to further invest in our product and technology, as well as expand into new markets.”
Airwallex chief operating officer and co-founder Jacob Tang added: “This new round of funding enables us to execute on our vision to make cross-border payments simple, fast and transparent for businesses of all sizes.”
As part of the investment, Lone Pine Capital partner Michael Brown will join Airwallex’s board of directors.
Founded in 2015, Airwallex is a financial technology company that offers online cross-border payments for businesses. Airwallex has raised a total of $166 million in funding over three rounds. Its latest funding was raised on Sep 5, 2018, from a Series C round.
Related FAQs
1. What is Airwallex?
Airwallex is a financial technology company that offers online cross-border payments for businesses.
2. What is Airwallex’s product?
Airwallex offers a payments platform that helps businesses send and receive payments in multiple currencies. The platform supports more than 50 currencies.
3. How much money has Airwallex raised?
Airwallex has raised a total of $166 million in funding over three rounds.
4. Who are Airwallex’s investors?
Airwallex’s investors include Lone Pine Capital, Sequoia China, DST Global, Gobi Ventures, Tencent and Morningside Ventures.
5. What will Airwallex use the new funding for?
Airwallex will use the new funding to accelerate product and technology development, expand into new markets and support working capital.
6. What is airwallex 100m lone pine september 200m?
Airwallex 100m lone pine september 200m is an investment by the Airwallex in the form of primary capital from the lone pine capital. The investment will be used for Airwallex’s product and technology development, international expansion and working capital.
7. What is australiabased airwallex 100m 300m?
Airwallex 100m 300m is an investment by the Airwallex in the form of primary capital from the lone pine capital. The investment will be used for Airwallex’s product and technology development, international expansion and working capital.
8. About australiabased airwallex 200m series 4b.
Airwallex 200m Series 4b is an investment by Airwallex in the form of primary capital from the lone pine capital. The investment will be used for Airwallex’s product and technology development, international expansion and working capital.
