With 12 extra sleeps to Christmas, Melbourne-born Airwallex wins the 2025 Australian capital elevating stakes with a large $498 million Collection G that values the fintech at $12 billion.
In the meantime, cybersecurity startup Kasada and sole dealer accounting platform Hnry additionally booked $30 million and $26 million raises, respectively.
Hold studying to be taught extra about six Australian and New Zealand startups that collectively raised greater than $568 million in new funding this week.
Airwallex: $498 million
Melbourne-born fintech Airwallex has seen its valuation enhance by 30% in simply six months following a $498 million (US$330 million) Collection G elevate — its second for 2025.
The spherical was led by a brand new US VC investor Addition, supported by T. Rowe Worth, Activant, Lingotto, TIAA Ventures, and Robinhood Ventures. Native VCs Sq. Peg – its eighth funding – and Airtree additionally emptied their pockets, however not newcomer Blackbird, which tipped in $60 million as a part of a $232 million Series F in May.
The brand new spherical sees Airwallex’s valuation leapfrog from $9.36 billion (US$6.2 billion) then, to $12 billion (US$8 billion) now.
After opening workplaces in Singapore in January 2022, then relocating its HQ there 12 months later, the worldwide funds platform, which is formally domiciled within the tax haven of the Cayman Islands, says it’s going to now make San Francisco its twin world headquarters for continued US growth and AI improvement.
Airwallex additionally pledged to spend greater than $1.5 billion over 2026-29 to scale its US operations, and enhance its native headcount to greater than 400 staff over the following 12 months.
The fintech presently has 2,000 workers and plans so as to add one other 1,000 by the tip of 2026.
Kasada: $30 million
Sydney-based cybersecurity startup Kasada has secured $30 million (US$20 million) in new funding, in a spherical led by Swedish personal fairness big EQT.
As reported by Startup Daily, Kasada is now valued at greater than $300 million.
Quite a few present buyers additionally participated within the spherical, together with Ten Eleven Ventures, Most important Sequence Ventures, Reinventure, OIF Ventures, the StepStone Group and Malcolm Turnbull’s funding automobile Turnbull & Companions.
Kasada final raised in late 2021, when it booked $23 million in Series C funding. This adopted a $14 million Series B raise in mid-2020 and $13.5 million in two separate investments in 2019.
Based in 2015 by Sam Crowther, Kasada specialises in cybersecurity providers, defending web sites from bots trying person account takeovers, fraud, information scraping and different disruptive assaults.
Whereas 10 years previous, the startup is experiencing an uptick in demand for its know-how as a result of introduction of synthetic intelligence-powered bots which might be more and more scraping web sites throughout all industries.
Hnry: $26.1 million
New Zealand-founded sole dealer accounting platform Hnry has secured $26.1 million (NZ$30 million) in a Collection C funding spherical to assist it develop its pay-as-you-go platform throughout Australia and into the UK.
Movac’s Development Fund led the funding spherical, which additionally included participation from present investor Icehouse Ventures.
Based in 2018 by husband-and-wife workforce James and Claire Fuller, Hnry gives a full-stack accounting resolution that’s designed particularly for sole merchants.
Hnry handles earnings tax, GST and Medicare levies on the level of cost for sole merchants, earlier than transferring the rest of the funds into the person’s private checking account.
Enterprise house owners may lodge tax returns utilizing information collected by the Hnry platform, in addition to challenge invoices, allocate private superannuation contributions, and monitor work journey by a standalone app.
CEO James Fuller instructed SmartCompany this week that the platform is designed to be accessible and easy to make use of for sole merchants.
“Individuals are uninterested in being marginalised, and so they need a service that takes care of every little thing for them, that permits them to truly get on with doing the issues that they actually wish to do, with out having to fret about doing admin, deciphering accounting jargon,” he mentioned.
All G: $10 million
A Sydney-based different proteins startup fermenting “cow-free dairy” alternate options has raised $10 million in a convertible observe.
The spherical for All G was supported by LSE-listed clear meals investor Agronomics, an present investor, in addition to the VC arm of German tech-driven components producer Doehler and Singapore’s ID Capital. The corporate is now pondering a Collection B.
The money for the five-year-old Sydney startup comes alongside a three way partnership cope with French useful and dietary dairy components producer Armor Protéines for its world ambitions.
All G was based in 2020 by serial entrepreneur Jan Pacas, whose earlier ventures embody ASX-listed pet care market Mad Paws and HR software program enterprise Flare.
The startup first raised $16 million in a seed round in 2021 from the Clear Power Innovation Fund, Ellerston Capital, and Andrews Meats CEO Peter Andrews. Then in early 2022, the Woolies VC fund, W23, tipped in “an additional multi-million injection of capital” and 6 months later, Agronomics signed on with $25 million.
CommBank boss Matt Comyn and Virescent Ventures are additionally on the cap desk. Whereas the corporate flagged however didn’t disclose a Collection A, it now says it raised $40 million.
In late 2023, All G Meals, because it was identified then, spun out Love Buds, its plant-based mince, burgers, sausages and nuggets enterprise, in a partnership with fellow traveller Fenn Foods.
Bless Funds: $3.75 million
Perth fintech Bless Funds raised $3.75 million in seed funding in mid-2025.
The spherical, accomplished in July, was backed by billionaire Khalil (Charlie) Shahin and London’s Forte Securities, and was lastly revealed as the worldwide funds platform, which is hoping to tackle incumbents corresponding to Airwallex, Sensible, Revolut and Monzo, seems to boost a Collection A for its world ambitions.
Based in 2022 by Affy Bhatti, technologist Mo Zaatar and Omair Chodhry, Bless is chaired by Peter Khoury, the previous BDO South Australia managing companion, and a three-decade veteran in monetary providers, governance, and scaling companies.
“My focus is guaranteeing we’ve the best capital, compliance, and partnerships to scale throughout Canada, the UK, and the US whereas sustaining our low-cost mannequin,” Khoury mentioned.
The funds app now has greater than 1,500 lively customers, and hopes to hit 8,000 by the tip of 2026. Its remittance product now reaches 60 nations, and the fintech obtained regulatory licenses to open in Canada subsequent month. The upcoming Collection A will underpin plans for licences and launches within the UK in 2027 and the US in 2028.
This month, Bless launched a journey card with no transaction charges for abroad or on-line spending, promising higher change charges than conventional banks.
Emanda: $300,000
Melbourne-based valuation startup Emanda has raised $300,000 in pre-seed funding. The spherical was backed by M8 Ventures, Torus Ventures, Melbourne Angels and angel buyers.
Based by former M&A advisors Peter Gatt and Emily Grinton, alongside technical co-founder Ben Ashby, Emanda says it’s constructing a platform that provides enterprise house owners a quicker technique to perceive what their firm is value.
As an alternative of counting on static stories or prolonged advisory processes, the device generates valuations utilizing monetary information and trade benchmarks, and maintains an AI-powered information room that robotically kinds, labels and interprets key paperwork. The platform additionally consists of guided assessments to assist founders establish dangers and alternatives throughout due diligence.
The startup has already moved from prototype to public launch, with virtually 180 prospects and greater than 50 referral companions.
Emanda can also be rolling out a reseller program focusing on greater than 50 companions in 2026.
- Editor’s observe: Digital meals security app Squizify also announced a $10m Series A this week, however given the elevate occurred some months in the past, with the startup declining to say when, we determined to go away it off this week’s checklist.
