It's a good time to be an Aussie tech startup, with the sector seeing its biggest financial boom in history.
Background: Airwallex is the payments platform that started off offering businesses a new way to make international payments. But it's since expanded to offer bank accounts and borderless debit cards.
What happened: This crew started off in a Melbourne coffee shop back in 2015, and four years later, they became a unicorn - aka, they cracked a US$1 billion valuation.
What else: Now, Airwallex have raised a further US$200 million thanks to a fresh funding round, taking them to a whopping US$4 billion valuation. It comes days after Aussie-born Atlassian cracked the US$100 billion-mark.
💡2021 is shaping up to be a cracker of a year for Aussie tech companies. In fact, it's the biggest financial boom in the tech scene ever.
💡Aussie unicorns (i.e. companies worth more than US$1 billion) have raised more than $1.6 billion from investors in the last six months.
💡And it’s fair to say, the Aussie tech industry has reached a new level of maturity. We’ve seen the creation of the Tech Council of Australia which could help more startups like Airwallex reach insane heights in the not so distant future.
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