Tencent-backed fintech Airwallex to invest in the Netherlands [Yahoo! Finance]
TENCENT HLDGS UNSP/ADR (TCEHY)
NASDAQ:AMEX Investor Relations:
tencent.com/en-us/investor.html
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Source: Yahoo! Finance
its Netherlands operations, marking a major European expansion as it ?shifts from its Asia-Pacific base. The Melbourne-founded fintech plans to increase its Amsterdam headcount by 60% to around 70 full-time employees by the end of 2026. Airwallex operates a ?global payments platform that ?enables businesses to send and receive international payments, hold multi-currency accounts and process online ?transactions. Founded in 2015, Airwallex secured a $13 million Series A round led by Chinese internet giant Tencent in 2017. The company ?recently raised $330 million in a Series G round, ?bringing its valuation to over $6 billion, and surpassed $1 billion in annual recurring revenue. The investment comes as Airwallex says it will prioritise growth in Europe and the Americas after a decade focused on Australia and Asia-Pacific ?markets. The company received a ?licence in the Netherlands in May ?2021, giving it access to the European Economic Area. Airwallex served more than 150,00
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