Airwallex Offers $100k in Perks to Accelerate Startup Growth
Australia is witnessing the launch of a groundbreaking program designed to support the rapid expansion of startups. Named Airwallex for Startups, this initiative stands as the most comprehensive support system for local startups, aiming to fast-track their growth journey. The program not only emphasizes mastering financial operations but also provides an array of resources to facilitate startups’ success.
At the heart of Airwallex for Startups is a commitment to aiding founders in navigating their business operations more efficiently from the get-go. This commitment is brought to life through free access to practical education, networking opportunities, exclusive product deals from Airwallex, and other key figures within the startup ecosystem. Moreover, participants stand a chance to compete for an AUD $10,000 Business Acceleration Grant, further underlining the initiative’s goal to bolster the growth of Australian entrepreneurs.
Eligible for registered businesses with 2-100 employees, the program extends its support by offering invaluable tips and tools for better financial management. Within the first six months of joining the program, startups avail themselves of numerous benefits, including:
- Special Airwallex product offers designed to ease the financial operations of growing businesses.
- Guidance and exclusive perks from a variety of ecosystem partners concerning essential topics ranging from ESOP (Employee Share Option Plans) and insurance to AI workforce tools and board support.
Matthew Sek, VP SME & Growth at Airwallex, emphasizes the company’s commitment to aiding the Australian startup ecosystem. With its roots as a local startup that achieved global success, Airwallex deeply understands the hurdles and opportunities faced by new businesses. “Airwallex for Startups is tailored to unlock exponential growth for the future leaders of industry,” Sek explains. He highlights the multifaceted approach of the program, which not only connects startups with a vibrant network of mentors, VCs, and partners but also offers substantial financial incentives and resources to simplify and enhance their financial operations.
With Australia positioned as a hotbed for entrepreneurship—showcased by the creation of over 406,000 new businesses in 2023 and a notable efficiency in producing unicorns—the significance of such an initiative cannot be overstated. The country boasts 1.7 unicorns per US$1B of venture capital investments, a testament to the vibrant and fertile ground Australia offers for startups aiming for exponential growth. The annual State of Australian Startup Funding Report further supports this optimistic outlook, citing $3.5 billion invested in Australian startups across 413 deals in the financial year, with a substantial 42% of these deals featuring at least one international investor.
Airwallex for Startups extends an open invitation to ambitious entrepreneurs eager to solidify their financial foundations and expedite their journey toward becoming tomorrow’s success stories. This initiative is not just an opportunity but a comprehensive platform designed to propel Australian startups to new heights domestically and on the global stage.
