Payments Startup Airwallex Raises Money at $8 Billion Valuation

Airwallex, the business banking and payments firm, raised $330 million in a funding round that valued it at $8 billion and drew investors including T. Rowe Price and Robinhood Ventures.

The valuation is about 30% higher than in Airwallex’s previous round six months ago, according to a statement on Monday. Addition led the financing and Activant, Lingotto and TIAA Ventures also participated, the release said.

The Singapore-based company also said it added San Francisco as a second global headquarters and announced plans to double its US headcount to more than 400 over the next 12 months. ...