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Tencent-backed Airwallex seeks funding at US$6 bil value

Bloomberg
Bloomberg • 2 min read
Tencent-backed Airwallex seeks funding at US$6 bil value
Airwallex's co-founder Jack Zhang. Photo: Bloomberg
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Fintech company Airwallex is in talks with investors to raise about US$200 million ($264.6 million) in a new funding round to finance its growth, according to people familiar with the matter. 

The Tencent Holdings Ltd.-backed company is seeking to close the funding around year-end, the people said, asking not to be named discussing private information. The Singapore-based firm is targeting a valuation of about US$6 billion, though talks are preliminary and could be subject to change, the people added. 

“As a rapidly scaling company, we are always in dialogue with investors about our performance and growth plans,” the company said in an emailed statement on Wednesday.

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