Square Peg

Square Peg is an Australian venture capital fund that has backed cross-border fintech and Southeast Asian e-commerce infrastructure. It led a 2022 funding round for Indonesian e-commerce solutions provider Desty , and has been a repeat investor in Airwallex, participating in the cross-border payment platform's 2022 E2 round and again in its $300 million F round in May 2025 . A founder who raised from Square Peg described its approach as unusually founder-focused—"45 minutes" of an hour-long meeting devoted to personal history, and a preference to invest alone in the round rather than alongside existing shareholders .