Home featured The Airwallex founding team with CEO Jack Zhang (centre) Featured Funding | Investment Startup Featured Fintech startup Airwallex sees Series A capital raise soar to US$19m after top-up investment James Harkness December 18, 2017 Cross-border payments startup Airwallex has received a US$6 million investment from VC firm Square Peg, bringing its total Series A capital raise to US$19 million The Melbourne-based fintech company previously closed its Series A funding round in May, having raised a combined US$13 million from Mastercard, Sequoia Capital China and the world’s fourth largest internet company, Tencent Holdings. The top-up Series A investment from Square Peg comes in the wake of Airwallex’s debut on the coveted Fintech100 list last month. Prior to 2017, Airwallex had secured US$3 million in pre-Series A funding from Gobi Partners. In conversation with Dynamic Business , Co-founder and CEO Jack Zhang explained why Square Peg is a “great cultural fit” for Airwallex. He also discussed his plans for the additional Series A funding and the vision that has fuelled his startup’s success. DB: How did the deal with Square Peg come about? Zhang: We weren’t actively seeking additional funding for Airwallex; rather, an opportunity to partner with Square Peg – one of the biggest and best VCs in the Australian market – presented itself and it was just too good to pass up. It followed a coffee catch up with Ben (Hensman, investor, Square Peg). We talked shop and he was impressed by the mechanics behind our business. Of