$108 MILLION: Australian fintech Airwallex just closed the second largest funding round in Australian history

Australian fintech Airwallex has announced the successful completion of a $US80 million ($108 million) Series B funding round. The latest capital injection — the second biggest funding round in Australian history — came from global venture capitalists and investors, including Asian giants Tencent and Sequoia China. Australian company Square Peg Capital also participated, after initially investing around $US6 million last December. The Melbourne-based company plans to use some of the funds raise to boost its offering to Australian companies looking to expand internationally. The company also wants to continue its international expansion with the set up of offices in North America and Canada.

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