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Airwallex & OurCrowd partner to enable startups to invest globally

By Delisha Fernandes

August 03, 2023

  • Airwallex
  • Embedded Finance
  • FinTech Israel

Airwallex, a global payments and financial platform for modern businesses, has partnered with OurCrowd, a global venture investing platform and Israel’s active venture investor.

With this collaboration, institutions and individual accredited investors can invest in startups anywhere in their local currency with a single click of a button.

“With the globalisation of the startup world, advanced FinTech, which is multi-currency, is a game changer. Now, you can be sitting in Israel and invest in a Silicon Valley startup, pay in Shekels with a single click, and it is transparent,” said Jon Medved, CEO OurCrowd.

By integrating Airwallex’s API, OurCrowd can now offer users the ability to invest in their local currency rather than being restricted to only USD-denominated wire transfers. A stack of Airwallex’s products, including global accounts, payouts and LockFX, now allows accredited investors to participate in startup deals with minimised friction and maximised efficiency.

Pranav Sood, EGM, EMEA at Airwallex, said, “With embedded finance, modern businesses of all sizes can bring global connectivity to customers by offering their own local payment solutions and minimising FX pain points. Our embedded finance partnership is a perfect example of how we support and enable our customer’s end users to grow while also giving OurCrowd the tools to expand and deepen their services. From streamlining payment processes for investors and startups to minimising FX costs, embedded finance simplifies how businesses operate across borders.”

OurCrowd allocates a global account to each investor, who can select from an assortment of currencies, including their local denomination. Once selected, OurCrowd converts the funds into USD transparently, generally locked in for 24 hours. This integration improves efficiency and speed, providing a seamless experience for all parties.

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