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Airwallex-backed start-up raises nearly $50 million seed round

Original: Airwallex-backed start-up raises nearly $50m in seed round

A start-up backed by Airwallex has raised close to $50 million in a seed funding round, according to the Australian Financial Review. The large raise is notable for a seed-stage company, where rounds typically fall in the single-digit millions, and points to continued investor appetite for payments and fintech-adjacent ventures despite a generally cautious funding climate.

Why now: The size of the seed round is unusually large and involves high-profile fintech Airwallex, drawing attention to the start-up and investor sentiment.

AirwallexAustralian Financial Review

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• Airwallex-backed start-up raises nearly $50m in seed round · AFR

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