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Airwallex, backed by Tencent, invests €200M in the Netherlands to expand in Europe and the Americas, aiming to grow its Amsterdam team by 60% by late 2026.
Australian fintech Airwallex, backed by Tencent, plans to invest 200 million euros ($233.64 million) over five years in its Netherlands operations, expanding its European footprint.
The company aims to grow its Amsterdam workforce by 60% to about 70 employees by late 2026.
This marks a strategic shift from its Asia-Pacific roots as it strengthens its presence in Europe and the Americas.
The move follows a $330 million funding round that raised its valuation above $6 billion and its annual recurring revenue past $1 billion.
Airwallex, which serves over 150,000 global customers including Shein and TikTok, now competes with European payment giants like Adyen and Mollie.
Airwallex, respaldada por Tencent, invierte 200 millones de euros en los Países Bajos para expandirse en Europa y las Américas, con el objetivo de aumentar su equipo de Ámsterdam en un 60% a finales de 2026.