Airwallex is expanding into Latin America with its latest acquisition of Mexico-based payment service provider MexPago.
In brief:
-Airwallex, founded in Melbourne in 2015, is headquartered in Singapore with 20 offices and more than 1,400 employees worldwide, with plans to hire more than 500 new staff over the next year.
-MexPago has seen more than 460 per cent YoY revenue growth in the Americas
-Building on the payments and financial platform’s growth strategy in the Americas, where it has seen revenue growth of more than 460 per cent YoY, the acquisition accelerates Airwallex’s mission to help businesses operate across borders.
What does this mean?
“Airwallex’s ability to connect companies across borders is unparalleled,” MexPago CEO Luis Castillejos Ordaz said. “The combination of MexPago’s payments capabilities in Mexico and Airwallex’s global financial infrastructure will unlock exciting opportunities for companies in Mexico to operate globally, and for companies around the world to operate in Mexico.”
