Fintech Airwallex secures $320 million in new funding round at $11 billion valua

June 26 (Reuters) - Payments firm Airwallex said on Friday it raised $320 million at a valuation ‌of $11 billion, marking a near 38% jump from ‌its previous financing late last year, with eyes on expanding ​its global footprint and AI offerings.

• The funding brought Airwallex's total funding to $1.8 billion as of June, according to its website.

How will Airwallex use the $320 million funding?

What drove Airwallex's valuation increase to $11 billion?

What new products is Airwallex launching?

How has Airwallex's revenue growth performed recently?

• "The investment will help ‌Airwallex accelerate product ⁠development across autonomous finance and agentic commerce," the fintech firm said.

• Airwallex also ⁠announced two new product offerings: a platform automating bookkeeping and compliance for businesses, and a consumer digital wallet.

• ​Earlier in ​the year, the company ​acquired South Korea's Paynuri, ‌securing local payments licences and a foreign-exchange business registration to operate directly in the country.

• In March, the company reached $1.3 billion in annualised revenue, up 74%, and $287 billion in annualised transaction volume, more than ‌double the previous ye

Fuente original: Yahoo Finance (https://finance.yahoo.com/technology/ai/articles/fintech-airwallex-secures-320-million-031503245.html)