Airwallex provides banking and multicurrency payment services for global businesses including car racing group McLaren.
Payments platform Airwallex is applying for a UK banking licence, and plans to gain a similar set-up in US by buying a bank, according to CEO Jack Zhang in an interview with the Financial Times.
The Singapore-based company was last valued at US$5.6 billion in 2022 following a funding round that included Lone Pine Capital. Other investors include Tencent and HongShan, the former China arm of US venture fund Sequoia.
