Blackbird, Australia’s VC juggernaut joins the Airwallex
party with a reported $60M investment as the fintech sits at $6 billion-plus
valuation.

Blackbird Swoops

Blackbird Ventures has finally swiped right on the $6
billion-plus fintech. The VC firm is reportedly investing a hefty $60
million, marking one of its biggest single cheques ever.

.@blackbirdvc has added another unicorn to its portfolio, but unlike Canva, has come late to the party with plans to tip $60 million into fintech @airwallex.https://t.co/flkTlPJRcU

— STARTUP DAILY (@StartupDailyANZ) May 6, 2025

The news, reported by Startup
Daily and AFR,
sees Blackbird join a list of other serious players when it comes to supporting
the innovative startup.

A Long Time Coming

Blackbird’s late-stage love-in follows a $100 million Series
E extension round in late 2023 that valued
Airwallex at $5.6 billion. Thanks to forex fun and cross-border payments booming, Airwallex is soaring in
value, as per Bloomberg

Sources close to the matter told Startup Daily that the
check has been signed, sealed, and quietly delivered—well after the party
started.

The Next Step for Airwallex?

This deal could signal the next phase in Airwallex’s global
playbook. With backing from Square Peg, Salesforce Ventures, Tencent, and now
Blackbird, to name but a few the company has enough firepower to make serious
moves in the U.S. and Europe, where fintechs are currently either merging,
folding, or plotting IPOs.

Meanwhile, Blackbird gets to tell its LPs that it bagged a
unicorn.

For more stories around fintech, visit our dedicated section.

This article was written by Louis Parks at www.financemagnates.com.

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