Tencent-backed fintech Airwallex to invest in the Netherlands


FILE PHOTO: An Airwallex logo is pictured at the Money 20/20 Asia Fintech Trade Show in Singapore March 21, 2019. Picture taken March 21, 2019. REUTERS/Anshuman Daga/File Photo

Jan 5 - Australian ‌payment firm Airwallex said on Monday it will ‌invest around 200 million euros ($233.64 million) over the ‌next five years in its Netherlands operations, marking a major European expansion as it shifts from its Asia-Pacific base.

The Melbourne-founded fintech plans ‍to increase its Amsterdam headcount by ‍60% to around 70 ‌full-time employees by the end of 2026.

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