Global payments group Airwallex has become the first technology start-up since Canva to win the backing of the nation’s three largest venture capital firms, securing $US300 million ($467 million) in one of the biggest capital raisings ever in Australia.
Venture capital firm Square Peg Capital has been joined by Airtree Ventures, and Blackbird Ventures, in the latest capital raising round, which values Airwallex at $US6.2 billion.
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Yolanda Redrup is the editor of the AFR Rich List. She previously reported on technology, healthcare and Street Talk. Connect with Yolanda on Twitter. Email Yolanda at yolanda.redrup@afr.com
