Business
Square Peg, Cannon-Brookes, Farquhar back AirWallex $US1b target with $US100m raising – The Australian Financial Review
Born in a Melbourne cafe less than six years ago, Airwallex’s latest raise values it at $3.4 billion. Now it wants to lift sales tenfold by 2025.
We just locked ourselves in a room and went to work, Liu recalled on Wednesday from her base in Shanghai.
On Wednesday morning the business they created – Airwallex – achieved its latest growth milestone, raising $US100 million ($131 million) at a valuation of $US2.6 billion. The company became a unicorn with a $US1 billion valuation just two years ago.
Liu, who is president and co-founder, says the raising was completed in a brisk six weeks, with US-based global investment giant Greenoaks leading…
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