Launch year: 2015
Country: Australia
Categories:
Funds raised: $402 million

Airwallex : A business account, built for the modern business

Concept description

Airwallex is a financial services platform that saves businesses time and money by facilitating cross-border transactions. Above all, they offer secure payments facilities that allow customers to fix exchange rates for each transaction. As a result, this helps to reduce currency volatility.

 

Value proposition

Airwallax helps its users to set up overseas bank accounts if they have paying customers located overseas. For instance, when they want to move that revenue back to their HQ, they simply do so through the Airwallex system.  It uses inter-bank exchanges to trade forex at a mid-market rate. That can save for clients as much as 90 percent on their foreign exchange rates. Therefore, it massively simplifies the challenge of doing business overseas.

Illustration (Video)

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