Airwallex Stock

Airwallex has partnered with venture investing platform OurCrowd to simplify startup investing. The collaboration allows investors to use their local currency to invest in startups globally with a single click, eliminating the need to convert to US dollars. The move comes amid a significant drop in venture capital spending on early-stage tech startups in the US.

Airwallex, a fintech company backed by Tencent, has received a $165 million capital injection for its Singapore unit from its parent company based in the Cayman Islands. This follows a $6 million investment made less than five months ago, bringing the total shares held by Airwallex in its Singapore unit to about 263 million.

Airwallex, a global payments and financial platform for businesses, has partnered with US-based fintech company Brex to expand its international operations. The collaboration will allow Airwallex to build an ecosystem of customers and partners, leveraging Brex's multinational customer base. The move follows Airwallex's launch of its payment services in Canada earlier this year.