Latest news with #SquarePeg
Yahoo
2 days ago
- Business
- Yahoo
Square Peg Pizzeria Expands to South Florida with Grand Opening in Delray Beach - A beloved New England pizza brand brings its signature flavor, community-first spirit, and growth momentum to the Sunshine State
A beloved New England pizza brand brings its signature flavor, community-first spirit, and growth momentum to the Sunshine State. DELRAY BEACH, Fla., June 4, 2025 /PRNewswire/ -- Square Peg Pizzeria ( the largest and fastest-growing pizza brand in central Connecticut, is proud to announce the opening of its newest location in Delray Beach, Florida. This milestone marks a major step in Square Peg's mission to bring its innovative, community-driven dining experience to new markets across the country. Founded in 2019 in Glastonbury, Connecticut, Square Peg Pizzeria began with a bold yet simple vision: to bring families and food lovers together over high-quality, handcrafted pizza in a space that feels like home. Since then, the brand has grown into a regional favorite, with 8 thriving locations—and now, its first restaurant in South Florida. Located at 4957 West Atlantic Avenue, Delray Beach, Florida, the new Square Peg Pizzeria offers a vibrant, family-friendly atmosphere with both indoor and outdoor seating, a curated selection of craft pizzas and pastas, and beloved signature experiences like Limited Time Only chef-driven menus, live local entertainment, and the ever-popular Bottomless Sunday Brunch. Guests can also join the brand's exclusive "Frequent Pie-er" loyalty program, designed to reward regulars with perks and surprises. "Our guests are at the heart of everything we do," said Mr. Jay Maffe, CEO and founder of Square Peg Pizzeria. "We are thrilled to bring our unique blend of food, fun, and hospitality to Delray Beach and look forward to becoming part of this vibrant community." Square Peg is more than a restaurant — it is a neighbor. The company is deeply committed to giving back, sponsoring charitable events, hosting school nights and sports team dinners, raising funds for local fire and police departments, and supporting other small businesses and nonprofits. As a proud member of the Delray Beach Chamber of Commerce, Square Peg is already building the kinds of partnerships that will deepen its impact locally. This new opening also kicks off the beginning of a broader national expansion. Square Peg Pizzeria is actively planning additional openings in key markets, starting in South Florida, with a focused growth strategy to become a national brand. "As we grow, we remain grounded in the values that got us here—community, quality, and creating spaces where people love to gather," said Mr. Maffe. "Delray Beach is just the beginning of the next phase for Square Peg." Business / Media InquiriesEmail: hello@ Website: View original content to download multimedia: SOURCE Square Peg Ventures Sign in to access your portfolio
Forbes
22-05-2025
- Business
- Forbes
Singapore-Based Fintech Unicorn Airwallex Raises $300 Million
Jack Zhang, cofounder and CEO of Airwallex. Headquartered in Singapore, global payments platform Airwallex announced Wednesday it raised a $300 million Series F funding round led by VC firm Square Peg, valuing the decade-old fintech company at $6.2 billion. The round, which brought Airwallex's total funds raised to over $1.2 billion, included participation from billionaire Yuri Milner's DST Global, billionaire Stephen Mandel, Jr.'s Lone Pine Capital, Australian VC firms Blackbird and Airtree, and corporate VC firms Salesforce Ventures and Visa Ventures. 'We are excited to be leading Airwallex's most recent funding round,' said Paul Bassat, cofounder and partner at Square Peg, in a statement. 'From its roots in Melbourne, Airwallex is evolving into a generational global company. Its product offering meets critical needs for a large and growing cohort of global-first, digital-first companies that, in many cases, have complex financial services needs.' Half of the funding, or $150 million, took the form of secondary share transfers. Across ten or so previous funding rounds, with the most recent being an extended Series E in 2022, Airwallex's backers have spanned 1835i Ventures, a spinoff of the Australia and New Zealand Banking Group (ANZ Bank); billionaire Neil Shen's HongShan, formerly known as Sequoia Capital China; billionaire Pony Ma's tech giant Tencent; billionaire Zhang Lei's Hillhouse Capital; billionaire Solina Chau's Horizons Ventures, tied to Hong Kong's wealthiest person, billionaire Li Ka-shing; and pan-Asian VC firm Gobi Partners. The fresh Series F capital will go towards expanding Airwallex's global infrastructure into new markets and 'refining and scaling' its software for businesses, according to the company. With offices across the U.S., Europe and Asia-Pacific, Airwallex recently entered Latin America's two largest economies, securing a license to operate in Brazil and finalizing its purchase of Mexican payments-service provider MexPago. Airwallex's team. From left: Xijing Dai, cofounder and CTO; Jack Zhang, cofounder and CEO; Lucy Liu, cofounder and president; Max Li, cofounder and head of design. 'The global financial system wasn't built for today's borderless economy,' Jack Zhang, cofounder and CEO at Airwallex, added in a statement. 'At Airwallex, we're building a new foundation for the global economy – one that's fast, seamless, and built for scale. This investment marks a major milestone in our journey to redefine global banking, and to empower businesses everywhere to grow without limits.' Founded in 2015, Airwallex facilitates cross-border payments across 60 currencies and over 150 countries. Through its international finance platform, the company's products include multi-currency accounts, borderless cards, expense management and payment plugins, serving more than 150,000 businesses worldwide. To date, its customers have included Australian airline Qantas, HR software company Rippling, fashion retailer Shein, Chinese online shopping giant and Tencent Music Entertainment. As of this March, Airwallex reported over $720 million in annualized revenue, a year-over-year increase of 90%, and over $130 billion in global annualized payments. On the back of its growth, the company is eyeing an IPO in the next year, according to local media, although it has not confirmed the targeted size or location of its listing. Beyond payments, Airwallex is also actively diversifying its business into banking, asset management and other financial services. Last October, the company received a license to provide asset management services in Hong Kong. Similarly, last July, it received a financial services license from Australian regulators to offer businesses access to retail investment products, adding to its existing license in the country. That Airwallex has emerged as a global leader is no small feat. In the landscape for cross-border payments, 'competition to secure a stake within this evolving market is fierce,' consulting firm EY wrote in a 2024 report, with the industry projected to reach $290 trillion by 2030. Key trends shaping transformations in this space include the demand for seamless, real-time transactions and potential integrations with digital currencies, the firm added. Across its suite of services, Airwallex may continue to face off against behemoths such as payments processor Stripe, which hit a total payment volume of $1.4 trillion this February, and neobank Revolut, which reported a net profit of $1 billion in 2024, its fourth straight year of profitability. Airwallex's latest fundraise – one of Australia's largest for a private company in the past five years – has defied a recent slump in VC activity across the Asia-Pacific. Deal value in the region fell around 32% to $12.9 billion in the first quarter of the year, down from $18.9 billion the quarter prior, according to an April report by consulting firm KPMG. Still, investment has risen globally, reaching $126.3 billion in the first quarter, charged by a surge of investments in AI.
Yahoo
22-05-2025
- Business
- Yahoo
Airwallex garners $300m in Series F funding
Payments company Airwallex has closed a Series F investment round, securing $300m, at a valuation of $6.2bn. The fundraise includes $150m in secondary share transfers and takes the company's total funding to more than $1.2bn. This capital will be used to extend Airwallex's global reach and refine its software solutions for businesses. The round saw contributions from Square Peg, DST Global, Lone Pine Capital, Blackbird, Airtree, Salesforce Ventures, and many top pension funds in Australia. Visa Ventures has also come on board as an investor. Airwallex CEO Jack Zhang said: 'At Airwallex, we're building a new foundation for the global economy – one that's fast, seamless, and built for scale. This investment marks a major milestone in our journey to redefine global banking, and to empower businesses everywhere to grow without limits.' As of March 2025, Airwallex reported a 90% year-over-year increase in annualised revenue, reaching $720m and recorded over $130bn in global annualised payments volume. The Americas and EMEA regions have been key growth areas for Airwallex over the last four years, with a compound annual growth rate (CAGR) of more than 250% in gross profit. Airwallex has established a US headquarters in San Francisco and opened offices in New York and Toronto. After the acquisition of a payment institution licence in Brazil and the pending acquisition of MexPago in Mexico, Airwallex is set to expand in Latin America. In Europe, the company has opened a new office in Paris and made hires in London and Amsterdam, while in Middle East, it has initiated operations in the UAE and Israel. The latest funds will support Airwallex's market expansion into Japan, Korea, the UAE, and Latin America, and bolster its presence in Europe, North America, and Southeast Asia. Airwallex has developed a global financial infrastructure with direct integrations into local clearing systems and card networks, holding a licencing portfolio in the fintech sector. This infrastructure allows customers to generate local account numbers in over 60 countries and transact in more than 150 countries. The company offers services including multi-currency accounts, payment processing, spend management, and financial services via API. In March, Airwallex agreed to acquire CTIN Pay, a licenced Intermediary Payment Service company in Vietnam. "Airwallex garners $300m in Series F funding " was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Barnama
22-05-2025
- Business
- Barnama
Airwallex Raises US$300 Million At A US$6.2 Billion Valuation To Build The Future Of Global Banking
SINGAPORE, May 22 (Bernama) -- Airwallex, a leading global payments and financial platform for modern businesses, has completed a US$300 million Series F funding round at a US$6.2 billion valuation. The round includes US$150 million in secondary share transfers. The new investment, which brings Airwallex's total funding to more than US$1.2 billion, includes Square Peg, DST Global, Lone Pine Capital, Blackbird, Airtree, Salesforce Ventures, and several leading pension funds in Australia. Visa Ventures also joins as a strategic investor. Airwallex will use the additional capital to expand its global infrastructure into new markets and continue refining and scaling the software that empowers businesses to operate anywhere, anytime. 'The global financial system wasn't built for today's borderless economy,' said Jack Zhang, co-founder and CEO of Airwallex. 'Too many businesses are held back by legacy infrastructure that's slow, costly, and fragmented. At Airwallex, we're building a new foundation for the global economy – one that's fast, seamless, and built for scale. This investment marks a major milestone in our journey to redefine global banking, and to empower businesses everywhere to grow without limits.'
Yahoo
21-05-2025
- Business
- Yahoo
Airwallex Raises US$300 Million at a US$6.2 Billion Valuation to Build the Future of Global Finance
On track to hit US$1 billion in annualised revenue in 2025, as businesses of all sizes look to expand globally without friction Grows gross profit in Americas and Europe at a 4-year CAGR of more than 250% Series F investors include: Square Peg, DST Global, Lone Pine Capital, Blackbird, Airtree, Salesforce Ventures, and Visa Ventures with participation from several leading pension funds in Australia HONG KONG, May 21, 2025--(BUSINESS WIRE)--Airwallex, a leading global payments and financial platform for modern businesses, has completed a US$300 million Series F funding round at a US$6.2 billion valuation. The round includes US$150 million in secondary share transfers. The new investment, which brings Airwallex's total funding to more than US$1.2 billion, includes Square Peg, DST Global, Lone Pine Capital, Blackbird, Airtree, Salesforce Ventures, and several leading pension funds in Australia. Visa Ventures also joins as a strategic investor. Airwallex will use the additional capital to expand its global infrastructure into new markets and continue refining and scaling the software that empowers businesses to operate anywhere, anytime. "The global financial system wasn't built for today's borderless economy," said Jack Zhang, co-founder and CEO of Airwallex. "Too many businesses are held back by legacy infrastructure that's slow, costly, and fragmented. At Airwallex, we're building a new foundation for the global economy – one that's fast, seamless, and built for scale. This investment marks a major milestone in our journey to redefine global finance, and to empower businesses everywhere to grow without limits." Rapid growth, bolstered by momentum in Americas, Europe In March 2025, Airwallex achieved US$720 million in annualised revenue, up 90% year-over-year, and exceeded US$130 billion in global annualised payments volume. The company grew its customer base by 50% in 2024 – now serving 150,000 businesses worldwide. In 2025, Airwallex expects to hit US$1 billion in annual run rate revenue. Airwallex has seen accelerated growth in the Americas and EMEA regions over the past four years, with gross profit growing at a CAGR of more than 250% in both regions. In 2024, Airwallex moved into a permanent U.S. headquarters in San Francisco and recently opened new offices in New York and Toronto. Following the receipt of a payment institution license in Brazil and approval to close its acquisition of MexPago, a Mexico-based payment service provider, Airwallex is poised to launch services in Latin America's two largest economies. In Europe, Airwallex recently opened a new office in Paris and made a series of senior hires in London and Amsterdam. In the Middle East, Airwallex made its first hires in the United Arab Emirates – in both Abu Dhabi and Dubai – and continued to grow strongly in Israel. Airwallex will use the funding to continue expanding its financial infrastructure into new markets including Japan, Korea, the UAE, and Latin America, and to accelerate go-to-market efforts in Europe, North America, and South East Asia. Global financial infrastructure to power the future of finance As part of its commitment to building the future of global finance, Airwallex has built a tech-led global financial infrastructure from the ground up, with direct integrations into local clearing systems and card networks, and one of the most comprehensive licensing portfolios in fintech. This proprietary network gives Airwallex's customers the unique ability to instantly generate local account numbers in 60+ countries and to send and receive funds across more than 150 countries, faster and more efficiently than traditional banks. Today, 95% of Airwallex transactions arrive within a few hours or the same day – 68% are processed instantly. Global finance capabilities and software tools for modern, growing businesses Beyond sending and receiving funds, Airwallex's infrastructure gives customers a comprehensive platform to manage their business in multiple markets and currencies. With Airwallex, customers can access: Global Business Accounts: An all-in-one multi-currency account to manage global finance, FX conversion, and international transfers and to earn competitive rates on funds. Payments: Helping businesses accept online and in-store payments from their customers around the world with cards and 160+ local payment methods, all with a localised, multi-currency shopping experience. Spend: Giving customers a single platform to efficiently manage all types of company spend across their global business, including multicurrency corporate and employee cards, expense management, and bill payments – all powered by AI. Platform APIs & Embedded Finance: Delivering Airwallex's financial capabilities via API to tech-forward companies and marketplaces that want to embed and monetise financial services on their own platforms. About Airwallex Airwallex is a leading global financial platform for modern businesses, offering trusted solutions to manage everything from business accounts, payments, and spend management to embedded finance. With our proprietary infrastructure, Airwallex takes the friction out of global payments and financial operations, empowering businesses of all sizes to unlock new opportunities and grow beyond borders. Airwallex is a globally recognised innovator, named one of Fast Company's Most Innovative Companies and featured on The Australian Financial Review's Most Innovative Companies list. Proudly founded in Melbourne, Airwallex supports over 150,000 businesses globally and is trusted by brands such as BILL, Bird, Brex, Deel, Rippling, Navan, Qantas, ZipHQ and many more. 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