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Fintech Airwallex buys South Korea's Paynuri in Asia expansion
Yahoo Finance· 2026-01-20 22:51
Core Insights - Airwallex has acquired South Korea's Paynuri Co Ltd, enabling direct operations in the country and enhancing its presence in Asia [1][2] - The acquisition provides Airwallex with essential local payment licenses and a foreign exchange business registration [2] - The company plans to launch global business accounts and payment acquiring operations in South Korea by 2026, with a goal of building a team of around 20 employees [3] Financial Overview - Airwallex was valued at $8 billion following a funding round in December, representing a 30% increase from the previous valuation [4] - The company reported an annualized revenue of $1.2 billion and an annualized transaction volume of $266 billion as of December [5] Strategic Goals - The acquisition is seen as a pivotal milestone for Airwallex in expanding its global financial platform [3] - The company aims to strengthen its global network and scale AI-driven solutions, while evaluating future capital strategies [5] - South Korea's growing ecommerce, creative, and entertainment sectors present opportunities for Airwallex to support Korean businesses in international markets [4]
REPAY Leads Industry in Mid-Year Gateway Performance Metrics, Earning Top Recognition from TSG
Businesswire· 2025-09-23 12:30
Core Insights - Repay Holdings Corporation (NASDAQ: RPAY) has been recognized as the most reliable gateway provider by TSG (The Strawhecker Group) based on key performance metrics [1] - The recognition is based on mid-year data from TSG's Global Experience Monitoring (GEM) platform, which evaluates real card transactions [1] Performance Metrics - REPAY's gateway achieved the highest authorization rate among competitors [1] - The company also recorded the lowest gateway minute outage, indicating superior reliability in its payment solutions [1]