TLDR Tech / Fintech
Airwallex plans $1.1 billion push to expand across Europe
Airwallex plans to invest $1.1 billion over the next five years to expand its payments and financial infrastructure platform across Europe. The company will launch in new markets, including Spain and Sweden, hire about 100 engineers in London, and invest heavily in the UK and the Netherlands. Airwallex, valued at $8 billion, said strong growth in Europe, the Middle East, and Africa is driving demand for its multicurrency payments, expense, and financial operations platform.
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