The founders of Aussie fintech unicorn Airwallex have launched their own venture capital fund, with the aim of raising $200 million for investment into up-and-coming startups.
The fund, Capital 49, will focus on backing early-stage, high-growth startups that are connected to the Airwallex ecosystem, including in e-commerce, Software-as-a-Service, digital technologies, business services and fintech.
Founded in Melbourne in 2015, Airwallex is a fintech designed to make cross-border payments easier, more transparent and more cost-effective for businesses.
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