Airwallex Receives Digital Cash Establishment License from Dutch Central Financial institution

Airwallex, an Australia-based fintech firm, introduced earlier this week it obtained its Digital Cash Establishment (EMI) licence from the Dutch Central Financial institution (De Nederlandsche Financial institution, DNB). Airwallex reported that the license, which was obtained on April 30th, provides it entry to the European single market. Airwallex additionally has current licences in its core markets, together with the UK, U.S., Australia, and Hong Kong.

Talking concerning the license,  Jed Rose, Common Supervisor of EMEA at Airwallex, said:

“It is a vital milestone for Airwallex as we glance to deepen our presence within the European market and handle the ache factors confronted by many companies who’re on the lookout for an easier, extra handy and clear course of to assist their funds wants. We look ahead to offering companies in Europe with a full product stack to empower their development.”

Airwallex added it’ll quickly be capable of provide an enhanced vary of services to prospects throughout Europe, which is able to increase its development by providing companies an end-to-end resolution for FX, card issuing, and on-line funds.

As beforehand reported, Airwallex was based in 2015 and is described as a international trade market that makes and crosses border funds on Asia-Pacific markets. The corporate facilitates worldwide cash transfers by means of a mix of fee assortment, international trade, and native fee distribution. The corporate lately secured $160 million by means of its Collection D funding spherical from varied buyers, resembling ANZi Ventures, Salesforce Ventures, DST International, Tencent, Sequoia Capital China, Hillhouse Capital, and Horizons Ventures. The most recent funding brings Airwallex’s whole fairness raised to $360 million.

The license information comes lower than two months after Airwallex raised a further $100 million in an extension of its Collection D funding spherical that brings the whole to $300 million. Airwallex revealed on the time that it was valued at $2.6 billion within the spherical. The corporate has raised nearly $500 million in fairness capital.  Airwallex grew to become a unicorn in 2019 throughout its Collection C spherical.