What is Airwallex? Airwallex Review

Basic Introduction of SkyHub

Airwallex is a comprehensive financial technology company that provides cross-border payment collection, multi-currency cross-border accounts, global remittance and foreign exchange solutions. Currently, it can support 130 countries and more than 50 currencies worldwide. It provides end-to-end solutions for the cross-border payment needs of corporate customers in multiple industries, at various stages and of different sizes, and helps commercial customers develop globally. Airwallex's continuously improved cross-border payment solutions can truly help Chinese companies solve this pain point, thereby helping them better demonstrate their value on the global competition stage.

Airwallex is committed to providing intelligent and seamless cross-border payment solutions, mainly serving seven major scenarios, including cross-border e-commerce, cross-border logistics, cross-border tourism, education and study abroad, cross-border financial institutions, online marketing platforms, and online live broadcast institutions in need.

Airwallex currently has more than 420 employees worldwide and has established 10 offices in Melbourne, Hong Kong, Shanghai, Shenzhen, Beijing, Singapore, London, San Francisco, Tokyo and Bangalore.

History of SkyHub

Airwallex was founded in December 2015 in Melbourne, Australia.

Founder

Jack Zhang is the co-founder and CEO of Airwallex. He has worked in London, Melbourne and Hong Kong for more than ten years and has extensive experience in foreign exchange trading and investment banking. In 2015, Jack Zhang invested in a coffee shop and needed to import raw materials from abroad. In the process of converting Australian dollars into US dollars for B2B payments, Jack Zhang found that about 4% of the costs were lost, so Jack came up with the idea of ​​building a simple, efficient and low-cost cross-border payment platform.

AirHub Product Introduction

• Global Payment
  

Globalization: Create a global payment account to conveniently receive payments worldwide

Instantaneity: You can set up a new global payment account in just a few steps and use it immediately

Low cost: Direct access to global local payment networks, allowing funds to arrive quickly and helping you save costs

• Currency Exchange

Excellent real-time quotes, instant exchange rate lock, avoid foreign exchange risks

Get highly competitive exchange rates in real time For international payments, Airwallex works with leading global banks and liquidity providers to provide customers with highly competitive interbank exchange rates

• International Payments

Cooperate with the world's leading compliance service providers to ensure the safety of your funds through first-class security regulations

We work closely with many banks around the world to integrate local payment capabilities to further reduce costs and improve timeliness for you

Air Money Payment Platform

Amazon, Wish, Ebay, Lazada, Shopify independent station and others. Currently, airwallex global accounts have no restrictions on platforms. As long as the funds are legal, they can be paid using the payment account we provide.

AirExchange Fee Standard

The standard exchange rate of Airwallex is 0.03%, which is much lower than the market average rate. At the same time, Airwallex holds first-year 0-rate events from time to time throughout the year, and bonuses are given when you register. Airwallex has established good cooperative relationships with most banks in the world and can provide customers with the best exchange rates on the market.

Airwallex License

In December 2018, Airwallex obtained an Electronic Money Institution (EMI) license from the UK Financial Conduct Authority (FCA).

Airwallex brand name

"Airwallex" is a made-up word. It was originally meant to be a multi-currency wallet, which is "wallet". "X" stands for multi-currency, and because the "ex" in "exchange" stands for foreign exchange, it became "wallex". In addition, because our business is virtual, we added "air" in front. Together, it becomes "Airwallex".

The overall meaning conveyed is our slogan: Reimagine cross-border payments.

Development History

Airwallex was founded in Melbourne, Australia in December 2015.

In July 2016, Airwallex received US$3 million in Pre-A round of financing.

In May 2017, Airwallex received tens of millions of dollars in Series A financing, led by Tencent.

In December 2017, Airwallex received a total of US$6 million in Series A+ investment from Melbourne venture capital firm Square Peg Capital.

In August 2018, Airwallex completed a US$80 million Series B financing round led by Tencent and Sequoia Capital China.

In October 2018, Airwallex was listed in the "KPMG 2018 Global Fintech Top 100".

2019/5/6 Payments Leaders Australian Fintech-2019.

In September 2019, Airwallex was named one of the top 30 financial technology innovation companies in 2019.

In April 2020, Airwallex, a global fintech unicorn, completed a $160 million Series D round of financing, the largest since its founding in 2015. It brought in a group of new top global strategic investors, including ANZi Ventures (the strategic investment arm of ANZ Bank) and Salesforce Ventures (Salesforce's global investment arm). Existing shareholders DST Global, Tencent, Sequoia Capital China, Hillhouse Capital and Horizons Ventures also participated in this round of financing.

On July 20, 2020, the global cross-border payment platform Airwallex completed its D+ round of financing, with the investor being Alibaba Entrepreneurs Fund.

References

• 1. Airwallex, a global cross-border payment platform, is an army of ants that is pushing the world to become flat: Tencent [cited on 2018-08-02T16:00:00.000Z]
• 2. Global cross-border payment platform "Airwallex" completes D+ round of financing: Baijiahao [cited on 2020-07-19T16:00:00.000Z]
• 3. Airwallex completes $160 million Series D financing to accelerate global expansion: it168 [cited on 2020-04-14T16:00:00.000Z]