Airwallex takes aim at big four banks with new startup initiative
The Melbourne founded unicorn has launched a program to support local startups - which could eventually become its customers.
Melbourne-founded fintech unicorn Airwallex has unveiled fresh plans to establish deep relationships with Australian startups, in a move that signals ambitions to compete more directly with the big four domestic banks for future economy customers.
Named Airwallex for Startups, the new program aims to provide a single point solution for growing businesses and has launched with six partners: Scendar, Cake Equity, upcover, Relevance AI, One Roof and Luna. The program includes exclusive product offers from Airwallex, as well as its partners along with mentoring support. It plans to run community events as well as an ongoing $10,000 Business Acceleration Grant.
Free and open to registered businesses with 2-100 employees, Airwallex for Startups will support businesses with tips and tools to manage their money more effectively from the beginning of their business journey.
“As a homegrown startup turned global fintech, we have an important role to play in supporting Australian startups as they navigate the opportunities and challenges of growing a business,” said Airwallex VP of SME and Growth, Matthew Sek.
