Great news from the fintech world! Airwallex, the innovative payments and financial services platform, is taking an exciting step by acquiring MexPago, a leading Mexican payments solutions company. This acquisition is an exciting milestone that marks Airwallex’s entry into the thriving Latin American market.
In an enthusiastic statement, Airwallex announced that this acquisition will expand its presence throughout the Latin American region, where they have experienced spectacular revenue growth, with an astonishing 460% year-over-year increase. They are determined to be a major player in the region’s financial landscape!
Although Airwallex was founded in Melbourne, Australia, in 2015, its headquarters is in Singapore and it already operates in 20 offices around the world. In 2020, they became a unicorn, valued at over $1 billion on the market!
Ravi Adusumilli, Airwallex’s Americas Managing Director, expressed his excitement by saying: “This is an important milestone for Airwallex. It marks our entry into Latin America and our commitment to building a truly global and own-built financial infrastructure. The 460% revenue growth in the Americas region shows the strong demand for fintech solutions for businesses that want to operate globally.”
For his part, Luis Castillejos Ordaz, CEO of MexPago, added that the combination of its payments expertise in Mexico and Airwallex’s global financial infrastructure will open exciting opportunities for Mexican businesses that want to operate globally, and for businesses from around the world that want to enter the Mexican market.
With its new headquarters in San Francisco, United States, Airwallex is ready to strengthen its presence in Latin America. This exciting deal opens up a world of possibilities for businesses’ global expansion and promises a more connected and efficient financial future for everyone! We are excited to see how this partnership will drive innovation in payments and financial services.”