Payments firm Airwallex said on Wednesday it was valued at $6.2 billion in its latest fundraise of $300 million, marking a nearly 11% jump in valuation from its last financing in 2022.
Fintech startups, which saw an investor gold rush post-Covid, have struggled to raise capital thereafter as persistently high interest rates and fears of a spending slowdown pushed investors to the sidelines.
Companies offering payments processing solutions have increasingly entered the U.S. lending space, aiming to wrest market share from major players such as…