Airwallex

Airwallex is a financial technology company that offers integrated solutions for cross-border payments. Airwallex facilitates international money transfers through a combination of payment collection, foreign exchange and local payment distribution. Supported by high profile investors including Tencent, Sequoia, MasterCard and Square Peg Capital, Airwallex brings extensive experience in the Asia Pacific to the global multi-currency market.

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AUSSIE FINTECH CLOSES $252 MILLION FUNDING ROUND

Airwallex | April 22, 2020

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Airwallex has raised a series D round of US$160 million ($252 million) from ANZi Ventures and Salesforce Ventures, along with existing investors DST Global, Tencent, Sequoia Capital China, Hillhouse Capital and Horizons Ventures. “The global shift to digital is imminent,” said Jack Zhang, CEO and co-founder of Airwallex. “We envision a world in the not-too-distant future where all businesses will operate and conduct their affairs online – including banking &...

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TESLA STOCK HITS $500 FOR THE FIRST TIME

Tesla | January 13, 2020

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Tesla stock continued to rally Monday, rising 5% and passing $500 per share for the first time. That puts Tesla at a fresh all-time high as it continues to soar on its entrance into China and optimistic delivery figures. The stock has more than doubled over the past three months, according to FactSet. The recent gains bring Tesla’s market cap to about $90 billion, which is nearly $5 billion more than that of General Motors and Ford combined. The companies’ market caps, which measure ...

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COMMODITIES GAINED ON IMPROVED DEMAND EXPECTATIONS

Credit Suisse | January 13, 2020

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The Bloomberg Commodity Index Total Return was higher for the month, with 20 of 23 constituents posting gains. Credit Suisse Asset Management observed the following: Energy increased 6.89%, led higher by Crude Oil and petroleum products, amid OPEC+'s announcement of new production quotas for 2020 in an attempt to rebalance oil markets. Agriculture returned 5.75%. Soybean Oil rose as Indonesia and Malaysia plan to increase crude palm-oil (CPO) content in biodiesel in 2020 while Malaysian palm...

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WALL STREET PUSHES HIGHER AMID DEAL FLURRY

Wall Street | January 13, 2020

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U.S. stocks pushed higher after the open Monday, as global macro concerns eased and investors took on board positive company-specific news, including a flurry of midcap mergers and some upbeat earnings guidance. The S&P 500 index was trading 6 points, or 0.2%, higher by 0935 ET (1435 GMT), with the NASDAQ Composite up 33 points, or 0.4%. The Dow Jones gained 27 points, or 0.1%. Fears of major military action in the Middle East have dimmed, although the Iranian authorities are under pressure ...

Read More
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AUSSIE FINTECH CLOSES $252 MILLION FUNDING ROUND

Airwallex | April 22, 2020

Airwallex has raised a series D round of US$160 million ($252 million) from ANZi Ventures and Salesforce Ventures, along with existing investors DST Global, Tencent, Sequoia Capital China, Hillhouse Capital and Horizons Ventures. “The global shift to digital is imminent,” said Jack Zhang, CEO and co-founder of Airwallex. “We envision a world in the not-too-distant future where all businesses will operate and conduct their affairs online – including banking &...

Read More
news image

TESLA STOCK HITS $500 FOR THE FIRST TIME

Tesla | January 13, 2020

Tesla stock continued to rally Monday, rising 5% and passing $500 per share for the first time. That puts Tesla at a fresh all-time high as it continues to soar on its entrance into China and optimistic delivery figures. The stock has more than doubled over the past three months, according to FactSet. The recent gains bring Tesla’s market cap to about $90 billion, which is nearly $5 billion more than that of General Motors and Ford combined. The companies’ market caps, which measure ...

Read More
news image

COMMODITIES GAINED ON IMPROVED DEMAND EXPECTATIONS

Credit Suisse | January 13, 2020

The Bloomberg Commodity Index Total Return was higher for the month, with 20 of 23 constituents posting gains. Credit Suisse Asset Management observed the following: Energy increased 6.89%, led higher by Crude Oil and petroleum products, amid OPEC+'s announcement of new production quotas for 2020 in an attempt to rebalance oil markets. Agriculture returned 5.75%. Soybean Oil rose as Indonesia and Malaysia plan to increase crude palm-oil (CPO) content in biodiesel in 2020 while Malaysian palm...

Read More
news image

WALL STREET PUSHES HIGHER AMID DEAL FLURRY

Wall Street | January 13, 2020

U.S. stocks pushed higher after the open Monday, as global macro concerns eased and investors took on board positive company-specific news, including a flurry of midcap mergers and some upbeat earnings guidance. The S&P 500 index was trading 6 points, or 0.2%, higher by 0935 ET (1435 GMT), with the NASDAQ Composite up 33 points, or 0.4%. The Dow Jones gained 27 points, or 0.1%. Fears of major military action in the Middle East have dimmed, although the Iranian authorities are under pressure ...

Read More