Funding round
Airwallex Series A
Airwallex, which works in global payments processing in Singapore, raised $13M in a Series A round announced on 1 May 2017, led by Tencent Holdings. 3 firms took part. It is Airwallex's second venture round on record; the one before was a Pre-seed in Jul 2016.
$13M
Amount raised
Not disclosed
Post-money valuation
3
Investors
1 lead
Valuation
What this round says about the price
Airwallex did not disclose a valuation in this round. It came 10 months after Airwallex's Pre-seed. It is under 1% of the $1.35B Airwallex has raised in the venture rounds on record. Airwallex raised again 14 months later: a Series B round of $80M in Jul 2018. Its next priced round, a Series C in Mar 2019, valued it at $1.00B.
Airwallex's funding rounds
Airwallex has 9 venture rounds on record and 1 other deal. This one is highlighted.
- Pre-seed 5 Jul 2016, led by Gobi Partners $3.0M
- Series A this round 1 May 2017, led by Tencent Holdings $13M
- Other not a venture round 15 Dec 2017 $6.0M
- Series B 3 Jul 2018, led by Tencent and HSG $80M
- Series C 26 Mar 2019, led by DST Global $100M$1.00B post-money
- Series D 23 Mar 2021, led by Greenoaks $100M$2.60B post-money
- Series E 10 Oct 2022 $100M$5.50B post-money
- Series F 21 May 2025, led by Square Peg $300M$6.20B post-money
- Series G 8 Dec 2025, led by Addition $330M$8.00B post-money
- Series H+ 25 Jun 2026, led by Addition $320M$11.00B post-money
Investors
Who put money in
Tencent Holdings led the round with 2 other firms.
Lead investor
- Tencent Holdings new investor
Also in the round
- HSG backs 118 venture-backed companies new investor
- Mastercard new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
27 Series A rounds in Payment Processing & Point of Sale within a year either side disclosed an amount; the median was $6.5M, and this round was 2.0 times the median. The closest in time, other companies' Series A rounds in Payment Processing & Point of Sale:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Payment Processing & Point of Sale | 1 Apr 2017 | $20M | not disclosed | not named |
| Payment Processing & Point of Sale | 25 Apr 2017 | $16M | not disclosed | Octopus Ventures and EQT Ventures |
| Payment Processing & Point of Sale | 1 Apr 2017 | $6.5M | not disclosed | not named |
| Payment Processing & Point of Sale | 21 Jun 2017 | $3.0M | not disclosed | Anthemis |
| Payment Processing & Point of Sale | 12 Jul 2017 | $10M | not disclosed | Connect Ventures |
| Payment Processing & Point of Sale | 21 Mar 2017 | $3.6M | not disclosed | Kalaari Capital |
| Payment Processing & Point of Sale | 6 Mar 2017 | $3.0M | not disclosed | SBI Holdings |
| Payment Processing & Point of Sale | 1 Mar 2017 | $3.0M | not disclosed | not named |
Sources
Where this comes from
Reported by 5 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Airwallex raise in its Series A round?
Airwallex raised $13M in its Series A round, announced in May 2017.
Who led Airwallex's Series A round?
Tencent Holdings led it, with HSG and Mastercard.
What was Airwallex's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Payment Processing & Point of Sale?
27 Series A rounds in Payment Processing & Point of Sale within a year either side disclosed an amount; the median was $6.5M, and this round was 2.0 times the median.
Did Airwallex raise again after this round?
Yes: a Series B round in Jul 2018 of $80M.