Airwallex Receives $80 Million for Payments Tech: Travel Startup Funding This Week
Photo Credit: Lucy Liu is the chief commercial officer and co-founder of Airwallex, a Melbourne-based startup that facilitates international payments. The company announced an $80 million Series B funding round in the past week. Airwallex
Skift Take
The past week has seen remarkable fundings of a cross-border payments company, Airwallex, a luggage maker, Away, and a social travel recommendation service, Fever. Of all of these, "fever" has the name that best captures the frothy valuations.
Travel Startup Funding This Week
Each week we round up travel startups that have recently received or announced funding. Please email Travel Tech Reporter Justin Dawes at [email protected] if you have funding news.
The total funding publicized this week was more than $150 million.
We reported last week that TourRadar, an online agency for multi-day activities, such as river cruises and safaris, had received $50 million in a Series C funding round.
Since then, investors have continued to plow money into travel startups. Here are the latest announcements.
>>Airwallex, a financial technology startup that helps small-and-medium-sized businesses make cross-border payments more efficiently, raised $80 million in Series B funding.
Tencent and Sequoia China co-led the round. Last December, Airwallex closed a $22 million round. It has raised more than $100 million, to date.
The Melbourne-based business doesn’t exclusively focus on travel. But many of its customers are travel agencies, tour operators, and online marketplaces prov
