Airwallex Partners with ClearBank to Enhance UK Payment Capabilities
01/14/25, 11:19 AM
Location
Type
partnership
Airwallex has partnered with ClearBank to leverage ClearBank’s agency banking solution, enhancing its UK offering with virtual business accounts, GBP collections, and Confirmation of Payee (CoP) functionality.
Company Info
Location
hong kong
Additional Info
The company has started to make some headway into Europe and the UK and that will be one big focus, along with the U.S.The Airwallex will be using the funding both to continue investing in its product and technology, as well as to continue its geographical expansion and to focus on some larger business targets. Airwallex has tens of thousands of customers using its financial services directly, and they make up about 40% of its revenues today. The rest is the interesting turn the company decided to take to expand its business.