“We’ve now raised $800 million in the last 6 years, with $600 million in the last two years, and we still have $600 million in the bank right now,” he told TechCrunch. “A very large part of that is going to be used for M&A purposes.” Features that Airwallex wants to have as a native part of its stack it might buy instead of building itself include subscription payments; software to automatically calculate stamp duty depending on the market where items are being sold; and more data analytics to help customers analyze their revenues better. “I think there will be consolidation in the next period. But it won’t be just two players. The [fintech] space is big enough for a dozen winners.”

https://techcrunch.com/2021/11/17/airwallex-raises-100m-at-a-5-5b-valuation-to-expand-its-business-banking-and-payments-platform-globally/