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Founders of Aussie unicorn Airwallex unveil $200 million VC fund

The founders of Aussie fintech unicorn Airwallex have launched their own venture capital fund, with the aim of raising $200 million.
Airwallex founders
Airwallex co-founders Xijing Dai, Jack Zhang, Lucy Liu and Max Li. Source: supplied.

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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