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Fintech Airwallex earmarks $1.1b for European expansion

Cross-border payments company Airwallex plans to invest $1.135 billion to expand across Europe over the next five years after a decade of growth in Asia-Pacific. The fintech company, which was founded in Australia in 2015, runs a financial platform that uses artificial intelligence to help businesses manage multicurrency accounts, process international payments, and run invoicing and expense systems.

We’re seeing exceptional momentum across Europe, with rapid revenue growth reflecting the increasing demand for modern, global financial infrastructure