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.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

Lucid unveils steering wheel-free robotaxi concept, taking aim at Tesla's Cybercab
US appeals court throws out injunction against California law on children's online safety
Microsoft's Rajesh Jha, head of experiences and devices unit, to retire
Ukraine opens battlefield data access to allies' AI models
SoftBank-backed PayPay shares set to open 38% above IPO price
Exclusive-Italian prosecutors seek trial for Amazon, four execs over alleged $1.4 billion tax evasion
Pentagon CTO says 'no chance' of renewed Anthropic negotiations
Bumble shares surge as investors swipe right on AI-powered reboot
US insurers and hospitals turn to new AI for age-old battle over charges vs payments
Google names London office 'Platform 37' in a nod to railway neighbour, AI 'Go' match

Others Also Read