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"Airwallex" announced the successful completion of its Series H funding round, raising US$320 million and achieving a post-funding valuation of US$11 billion. This funding round was led by existing investor Addition, with participation from other existing shareholders and new investors, including Baillie Gifford, Hummingbird, QED Investors, T. Rowe Price, Hedosophia, Haun Ventures, Washington University in St. Louis, and Amex Ventures (American Express's venture capital fund). The proceeds will be used to drive product innovation and research and development in financial intelligence and agent-based commerce, strengthen global infrastructure and compliance layout (which can be translated as "compliance strategy" in this context) to expand into new markets, while continuing to grow the team and focusing on developing next-generation AI-native financial software.
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