Sunday, December 22, 2024

Bird taps Airwallex to power international payments operations

  1. Partnership Overview:
    • Bird, a communications platform based in Amsterdam, has selected Airwallex to power its global payments operations.
  2. Bird’s Profile:
    • Founded in 2011 as MessageBird, Bird offers API-driven CRM solutions for marketing, sales, and payments, facilitating over 5 trillion annual messages across various channels like e-mail, SMS, and WhatsApp.
  3. Reason for Partnership:
    • Bird partnered with Airwallex due to challenges with legacy systems managing multiple currencies across its operating entities, resulting in a fragmented operating system.
  4. Collaboration Objectives:
    • The partnership aims to provide Bird’s finance team with greater consistency, speed, and depth of reconciliation, addressing issues related to supplier payments creation, approval, and reconciliation with accounting software.
  5. Utilization of Airwallex Solutions:
    • Bird has selected Airwallex’s global payments and financial infrastructure to power its in-house foreign exchange engine and issuing solution, consolidating financial operations across various currencies and entities into a unified platform.
  6. Success of Collaboration:
    • The collaboration has already proven successful, allowing Bird to consolidate its financial operations across multiple currencies and entities.
  7. Future Collaboration:
    • Both companies are actively exploring future avenues of collaboration to leverage Airwallex’s product offerings further, as confirmed by Robert Vis, founder and CEO of Bird.
  8. About Airwallex:
    • Airwallex, established in Melbourne, Australia in 2015 and now headquartered in Singapore, offers enterprises treasury and spend management products, embedded finance, and payments solutions.
    • Airwallex expanded into Latin America last year with the acquisition of Mexican paytech MexPago.

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