News, views and analysis from the A/NZ tech sector
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Hi there,
At a time when many companies are struggling with cashflow, Airwallex is pumping theirs. The company, which hit unicorn status in just over three years, has ridden a wave of demand for cross-border payment innovation.
In the last half of 2020 it raised $200 million in Series D funding while increasing its global customer base by 50 percent and doubling net revenue.
Now it has put some of that cash to good use, buying Hong Kong prepaid card operator Unicard, joining the likes of PayPal and AliPay as a licensee in a territory which is already a hot bed for fintech.
So where to from here for this bullish unicorn?
Enjoy the read,
Heather Wright
Editor
editor@istart.co.nz
In this issue
Unicorn Airwallex raises $200m, buys Unicard
Following another successful funding round, unicorn gets acquisitional…
“The digital economy is going to be the centre of the world’s economic structure.”
RPA results fall short
But there’s still plenty of life in automation…
“We are still seeing some organisations taking a very tactical approach or just focusing on cost cuts.”
Xero’s workforce management play
New acquisition reflects changing nature of work…
“Planday addresses the growing need for flexibility and rising compliance demands.”
The rise and rise of the enterprise marketplace
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