Fintech giant Airwallex has secured a significant $320 million funding round, valuing the company at $11 billion. This substantial investment, a nearly 38% increase from its last financing, will fuel global expansion and enhance its AI capabilities. The company also unveiled new products, including an automated bookkeeping platform and a consumer digital wallet, underscoring its aggressive growth strategy.

Amid allegations of sharing customer data with China, Australian payments startup Airwallex, now valued at $11 billion, is gunning for Stripe and Ramp.

Jack Zhang says he always feels like an outsider, but his company is charming investors despite pushing back a float and facing claims it is too close to China.