Cross-border fintech startup Airwallex raises $100M at a valuation of over $1B

Australia-based Airwallex is the tech startup to enter the billion-dollar ‘unicorn club.’ The company announced today that it has closed a $100 million Series C round that values its business above $1 billion. Started in Melbourne in 2015 by four Chinese founders, Airwallex provides a service that lets companies manage cross-border revenue and financing in […]

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Amazon is reportedly merging its China import unit with NetEase

You’d be forgiven for not knowing Amazon has operated in China for more than a decade, but perhaps not for much longer. The company is reportedly in talks to merge its China-based import business with local peer Kaola, the cross-border shopping platform run by Chinese internet behemoth NetEase, Caijing reported (link in Chinese) on Tuesday. The deal, […]

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Amazon, WesternUnion debut PayCode to sell goods in emerging markets and let shoppers pay in cash

While Amazon has been methodical (read: a little slow) in launching local versions of its site for various global markets, it has now embarked on a secondary track to snag more business outside the 14 countries where it has built out full operations. Amazon has partnered with WesternUnion to set up a service called PayCode, […]

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SimbaPay launches Kenya to China payment service via WeChat

Jake Bright Contributor Jake Bright is a writer and author in New York City. He is co-author of The Next Africa. More posts by this contributor Africa’s agtech wave gets $10 million richer as Twiga Foods raises more capital Nigerian data analytics company Terragon acquires Asian mobile ad firm Bizense Forging another link between Africa […]

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With a $10 million round, Nigeria’s Paga plans global expansion

Jake Bright Contributor Jake Bright is a writer and author in New York City. He is co-author of The Next Africa. More posts by this contributor African tech leaders Fope Adelowo, Ken Njoroge, Tayo Oviosu to speak at Disrupt SF Offering a white-labeled lending service in emerging markets, Mines raises $13 million Nigerian digital payments […]

View More With a $10 million round, Nigeria’s Paga plans global expansion