Airwallex to invest in Netherlands as it ramps up Europe shift – report [Yahoo! Finance]
TENCENT HLDGS UNSP/ADR (TCEHY)
NASDAQ:AMEX Investor Relations:
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Source: Yahoo! Finance
The move signals the firm's shifting emphasis away from its traditional Asia-Pacific stronghold. The Melbourne-founded fintech intends to expand its presence in Amsterdam, targeting a 60% increase in staff numbers to roughly 70 full-time employees by the end of 2026. Established in 2015, Airwallex runs a cross-border payments platform that allows businesses to send and receive international transfers, maintain multi-currency accounts and handle online payment processing. The firm secured $13m in a Series A funding round led by Chinese technology group Tencent in 2017. Subsequent capital raises include a $300m round in May 2025, which took its valuation beyond $6bn. This was followed by a Series G round , which helped the firm secure $330m at a $8bn valuation. Airwallex surpassed $1bn in annual recurring revenue last year, according to the news agency. In 2024, the company said it aimed to be ready for an initial public offering in 2026, though it has since declined to c
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