Aussie start-up’s value soars to $16b as scrutiny intensifies
Melbourne-based payment startup Airwallex saw its valuation rise to $16 billion following a $320 million funding round, despite facing scrutiny from regulators in Australia and the U.S. The company, which moves over $1 billion daily, reported a 74 percent increase in annualized revenue to $1.3 billion as it continues to grow amidst financial audits and geopolitical pressures.
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Published 26 Jun 2026, 01:57 UTC · Updated 26 Jun 2026, 02:00 UTC
Summary by OZbrief Editorial. Original report: SMH. Editorial policy · Corrections
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