Airwallex announces board for Airwallex SVF Pty Ltd
Following the announcement of a recently completed US$300 million Series F funding round at a US$6.2 billion valuation, Australian-founded leading financial platform for modern businesses, Airwallex, have announced the newly-appointed board for Airwallex SVF Pty Ltd.
Airwallex SVF Pty Ltd is currently in the advanced stages of an application for an Authorised Deposit-taking Institution (ADI) licence for the issuance of purchased payment facilities (PPF) from the Australian Prudential Regulation Authority (APRA).
The board of Airwallex SVF Pty Ltd is comprised of Shannon Scott (SVP Global Head of Product at Airwallex) as executive director; Kelly Bayer Rosmarin as non-executive director; and Sangeeta Venkatesan, Andrew Palmer and Michael Venter as independent non-executive directors.
Shannon Scott, SVP Global Head of Product, Airwallex, and Executive Director: Shannon oversees product strategy for Airwallex globally, driving innovation and expansion in the company’s financial technology solutions. Formerly Palantir’s General Manager for ANZ, Shannon joined Airwallex in 2020 and has played a crucial role in shaping Airwallex’s product offerings and scaling its operations internationally to date.
Kelly Bayer Rosmarin, Non-executive Director: Kelly’s extensive background in finance and technology has established her as a respected leader in the corporate world. Having served most recently as the Chief Executive Officer at Optus and in various executive roles at Commonwealth Bank, Kelly will be contributing strategic advice and governance experience to the company.
Sangeeta Venkatesan, Board Chair and Independent Non-executive Director: Sangeeta is an experienced board member and currently serves on the boards of Mercer Investments, RSL LifeCare (as Chair), SW Accountants, and Chief Executive Women. With extensive global experience in finance and technology, Sangeeta brings expertise in governance, operational excellence, investment banking and digital customer engagement to her role as Chair of the board.
Michael Venter FCA, Independent Non-executive Director: With vast experience in Australia and Asia emerging markets across banking, wealth management and telecommunications, Michael brings robust expertise to the board and is the Chair of the Risk & Audit Committees. Currently, he serves as the Chief Financial Officer at Optus.
Andrew Palmer, Independent Non-executive Director: A seasoned international banking executive, Andrew is currently a Portfolio Manager with MHC Digital Finance and previously held executive roles at ANZ and JP Morgan. With a proven track record of launching new ventures and driving existing ones in dynamic markets, Andrew contributes strategic acumen and commercial expertise to the board and is Chair of the Remuneration Committee.
Shannon Scott, SVP Global Product at Airwallex, said, “I am delighted to welcome our new board of directors for Airwallex SVF Pty Ltd. As we celebrate our 10th year, we’re committed to driving innovation, enhancing customer experiences and fostering sustainable growth across all markets we serve. Their expertise will bring valuable insights and knowledge to Airwallex as we redefine global finance.”
In addition to her role as board director for Airwallex SVF Pty Ltd, Kelly Bayer Rosmarin has been appointed as a strategic adviser to the Airwallex Group.
Airwallex’s latest investment increases Airwallex’s total financing to more than US$ 1 billion, with investors in this round including Square Peg, DST Global, Lone Pine Capital, Blackbird, Airtree, Salesforce Ventures, and several leading Australian superannuation funds such as Hostplus and NGS Super. Visa Ventures also joined as a strategic investor.
