Airwallex News
5 articles
New approvals aim to shake up local banking competition and slash costs for consumers.
The Israel Securities Authority has granted payment licenses to four international fintech companies, including Revolut, Rapyd, Mesh Payments, and Airwallex, to operate in Israel. This move is expected to significantly expand their operations and introduce competition to services traditionally offered by local banks. Revolut, a British fintech giant, has hired Uri Nathan to lead its Israeli operations. The new licenses allow these companies to offer services such as fund transfers, digital wallets, and interest on deposits, despite initial opposition from the Bank of Israel. The licenses aim to lower costs for Israeli consumers and facilitate easier money transfers abroad.
Product StageManagement ChangesCustomers
Airwallex Valued at $6.2 Billion After $300 Million Funding Round
Airwallex, a payments and banking startup, has raised $300 million in a Series F funding round, increasing its valuation to $6.2 billion. This funding will support the companys expansion into new markets and the enhancement of its software infrastructure. Airwallex has achieved significant milestones, including a 90% increase in annualized revenue and a 50% expansion of its customer base, now serving 150,000 businesses globally. The company is also expanding its presence in the U.S. with new headquarters in San Francisco and offices in New York and Toronto. Additionally, Airwallex is acquiring banking licenses in the U.S. and the UK to further its growth in the financial sector.
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Airwallex sees Israel as a key player in the GenAI space | CTech
Airwallex, a finance operating system for global businesses, is expanding its presence in Israel and the Middle East. The companys Managing Director, Or Liban, highlighted the importance of strong data in the GenAI space and how AI is influencing the business ecosystem. Airwallex aims to grow its customer base and enhance its product offerings in the region by leveraging generative AI algorithms to analyze data and identify trends. This approach not only helps in expanding their market reach but also ensures the security of customer information.
Customers
Airwallex appoints Nadav Tamam to lead its enterprise business in Israel and the Middle East | CTech
Fintech and payments company Airwallex has appointed Nadav Tamam to lead its enterprise business in Israel and the Middle East. Tamam will focus on supporting businesses across various sectors to improve operational processes and increase profit margins. He will also help the company expand into new markets. Tamam has previously worked at companies such as Google and Flipkart, as well as startups like Dynamic Yield and Cappsol. Airwallex was founded in Australia in 2015 and is today valued at $5.6 billion. The company’s business operations in Israel were launched in May 2023.
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Airwallex appoints Keter Rubinstein as Director of Strategy and Operations for Israel and the Middle East | CTech
Airwallex has appointed Keter Rubinstein as its Director of Strategy and Operations for the companys Israel and the Middle East branch. Rubinstein previously served as Google Israel’s Director of Strategy and Operations and has also worked for Taboola, Mindspace, and KPMG Israel. Airwallex, which launched its business operations in Israel in May, serves leading companies in Israel, including Papaya Global and OurCrowd, as well as numerous global companies. The company provides global payment solutions and financial infrastructure to help businesses manage their financial operations in a global market.
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