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Payments Fintech Airwallex Raises $100M Series C Funding
New fundraising was led by DST Global, which has previously backed internet giants Facebook, Airbnb and Spotify. : Airwallex confirms unicorn status following a successful Series C fundraising round of $100m USD, valuing the company at over $1bn USD. The new capital will be used to expand Airwallex's suite of international collection and payment products and to support global expansion into the US, UK / Europe and Southeast Asia. Founded in 2015, Airwallex has grown from an emerging start-up to ... Full investment news article
Investing For Retirement: Beware The Unicorn Ipo Stampede | Cfa Institute Enterprising Investor
Many of today's unicorns have strong growth prospects, but they often have uncertain paths to profitability. : In medieval and Renaissance allegories, unicorns are rare and wild creatures that signify honesty, fidelity, purity, and healing. In the world of finance, unicorns are venture capital (VC)-backed and privately funded companies with valuations in excess of $1 billion that are no longer so rare, and may not always be so pure. And that’s something investment advisers need to be especially mindful of. ... Full investment news article
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