Airwallex buys South Korea's Paynuri after fundraising at $8 billion valuation

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

SINGAPORE, Jan 21 (Reuters) - Airwallex has ‌acquired South Korea's Paynuri Co Ltd, securing local payments licences and a ‌foreign-exchange business registration that will allow it to operate directly in the ‌country as the Australia-founded fintech expands in Asia.

The deal follows a December funding round that valued Airwallex at $8 billion.