Airwallex raises $100M to power cross-border business banking, valuation stays flat at $5.5B

The economy may be showing many signs of contraction right now, but many companies still need to do business internationally. Now a startup providing the tools to make and manage those transactions is announcing some funding. Airwallex, the Hong Kong/Australia startup that provides cross-border banking and other financial services for businesses, has raised $100 million, money that it will be using to continue expanding its business operationally, geographically and with new products in areas like credit and expense management — and for M&A.
The funding is coming in the form of an ex

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