Hong Kong-based crossborder fintech firm Airwallex has set up a new early-stage venture capital fund called Capital 49.
The fund is targeting a corpus of $200 million from Airwallex’s founders and other investors to invest in “companies within Airwallex’s ecosystem”, the company said in a press release on Thursday. Sectors it is targeting include e-commerce, Software-as-a-Service (SaaS), and fintech. Capital 49 has invested in two fintech firms so far.
