Fintech: Catchup quick
Oct. 11 — Airwallex, a Melbourne, Australia-based cross-border payments startup, raised $100 million in new funding from existing investors, Ryan wrote.
Why it matters: In a challenging fundraising environment, flat is the new up when it comes to late-stage startup valuations. The financing is an extension to Airwallex’s Series E round, announced last September, and maintains a flat $5.5 billion valuation.
Plus: Tuesday’s Pro Rata newsletter, with a spotlight on senior living politics