Airwallex company profile: valuation, funding & revenue

This Airwallex company profile covers the company's valuation, revenue, funding rounds, investors and history. Airwallex works in fintech, with a focus on global business payments and accounts. It was founded in 2015 and is headquartered in Singapore, Singapore. Its latest valuation on record is US$11 billion (June 2026). Every figure links to a public source, and anything the company hasn't disclosed is marked as such.

Revenue

US$1.3 billion — Annualised revenue (company-reported), up 74%, as of March 2026. Source: The Star (Reuters).

Funding history

Airwallex timeline

Key dates from the sources on this page, oldest first. Metric snapshots are listed after the funding events.

• 2015 — Airwallex is founded in Singapore by Jack Zhang (CEO), Max Li, Lucy Liu, Xijing Dai and Ki-lok Wong.
• May 2025 — Series F: US$300M, valuing the company at US$6.2B.
• Dec 2025 — Series G: US$330M, valuing the company at US$8B. Investors: Addition (lead); T. Rowe Price, Activant, Lingotto, Robinhood Ventures, TIAA Ventures.
• Jun 2026 — Series H: US$320M, valuing the company at US$11B. Investors: Addition (lead).
• Late 2025 — Annualized transaction volume: More than US$235 billion, roughly double the prior year.

Investors

Overview

Airwallex provides financial infrastructure for businesses that operate across borders. Companies use it to open multi-currency accounts, collect payments from customers around the world, pay suppliers and staff internationally, issue corporate cards, and manage expenses, all with lower foreign-exchange costs than traditional banks typically charge. It also offers its infrastructure to other platforms through APIs, so they can embed global payments into their own products.

Airwallex was founded in Melbourne in 2015 by Jack Zhang, the CEO, and co-founders Max Li, Lucy Liu, Xijing Dai and Ki-lok Wong. Several of the founders met at the University of Melbourne. The company moved its headquarters from Melbourne to Hong Kong in 2018, then to Singapore in 2023, and has announced a dual headquarters arrangement in the US. Zhang has said he doesn't place much emphasis on the idea of a single headquarters.

The problem Airwallex solves

For a business in Australia selling to customers in Europe and buying from suppliers in Asia, moving money across borders through traditional banks is slow and expensive. Each transfer can incur fees and wide currency spreads, and accounts in different countries can be hard to open. Airwallex built its own global network of banking licences and local payment connections, so businesses can receive and send money in many currencies as if they had local accounts, often at much lower cost.

How Airwallex makes money

Airwallex earns revenue from foreign-exchange conversions, payment acceptance fees, card interchange, transfer fees, and subscription plans for its business account and spend management products. Its embedded finance business, where platforms build on its APIs, adds revenue that grows with partners' volumes.

Revenue and growth

Airwallex said its annualized revenue passed US$1 billion in October 2025, up 90% year over year, and that annualized transaction volume rose to more than US$235 billion, roughly double the previous year. Growth of that speed at a billion-dollar revenue scale puts it among the fastest-growing fintechs globally.

Funding history

Airwallex raised two large rounds in 2025, six months apart:

• May 2025, Series F: US$300 million at a US$6.2 billion valuation.
• December 2025, Series G: US$330 million at an US$8 billion valuation, about 30% higher, led by Addition, with T. Rowe Price, Activant, Lingotto, Robinhood Ventures and TIAA Ventures. Coverage said the money would fund US expansion and AI-driven financial tools.

Raising twice in one year at rising valuations reflects investor confidence in its growth. Airwallex had previously experienced a near-death moment early in its history, which Zhang has spoken about publicly, making its later growth all the more notable.

Competitive landscape

Airwallex competes with banks' international payment and FX services, global payment processors such as Stripe, money transfer specialists, spend management platforms and digital banks such as Revolut's business accounts. Its strengths are its own licence network, its focus on cross-border businesses, and its embedded finance offering. Its main challenges are the cost of maintaining licences and compliance in many countries and intense competition, especially as it expands in the US.

Licences as a competitive advantage

A large part of Airwallex's value lies in the financial licences and banking partnerships it holds across many jurisdictions. Each licence takes time, capital and regulatory work to obtain and maintain. Together, they form a network that newer competitors can't easily replicate, and they allow Airwallex to offer local accounts and payments directly rather than relying on intermediaries. The flip side is regulatory exposure in many countries at once.

What to watch next

Watch US expansion, revenue growth beyond US$1 billion, new products including AI-driven finance tools, licence acquisitions, and any IPO plans. Airwallex's leadership has said going public is optional rather than necessary, so it may continue raising private capital while growth remains strong.

Key facts at a glance

Airwallex is a global business payments company founded in Melbourne in 2015 by Jack Zhang and co-founders, now headquartered in Singapore with a US presence. It raised a US$300 million Series F at US$6.2 billion in May 2025 and a US$330 million Series G led by Addition at US$8 billion in December 2025. It reported more than US$1 billion in annualized revenue in October 2025, up 90%, and more than US$235 billion in annualized transaction volume.

Embedded finance: Airwallex's quieter growth engine

Alongside its own business accounts, Airwallex sells its infrastructure to other software companies, marketplaces and platforms that want to offer financial features to their users. A travel booking platform might use Airwallex to collect payments in many currencies and pay hotels around the world. A marketplace might use it to pay sellers in their local currency. A software company might offer its customers multi-currency accounts under its own brand, powered by Airwallex behind the scenes.

Embedded finance is attractive because one partner can bring thousands of end customers, and revenue grows as the partner's business grows. It also turns potential competitors into distribution channels. The risk is concentration: a few large platform partners can account for a significant share of volume, and losing one has a noticeable effect.

Asia-Pacific roots, global ambitions

Airwallex's founding in Australia and early expansion across Asia gave it strong positions in markets where cross-border trade with China and Southeast Asia is central to many businesses. Its push into the US and Europe puts it into direct competition with well-established players. How quickly it can win customers in those markets, while keeping its Asia-Pacific lead, will shape its next stage of growth.

For businesses comparing cross-border providers, it is worth testing how quickly funds settle in each currency you use, since speed varies widely by corridor and can matter as much as fees for cash flow.

Run a few real payments through each provider before switching, and compare the total cost after fees and exchange rates rather than advertised rates alone.

Small differences in exchange rates add up quickly at high volumes.

We update this Airwallex profile when the company announces new funding, revenue or volume figures.

What this means if you're…

A business trading internationally: compare FX spreads, transfer fees and settlement times between your bank and specialist providers on real transactions.

A platform or marketplace: embedded global payments can let you offer multi-currency accounts and payouts without building licences yourself.

A founder: Airwallex shows that a company can relocate its headquarters to follow its market and regulatory needs as it grows.

Latest developments (October 2026)

Airwallex raised a US$320 million Series H in June 2026 at a US$11 billion valuation, about 38% above its late-2025 round, according to Reuters as published by The Star. Returning investor Addition led the round. Airwallex said it reached US$1.3 billion in annualised revenue in March 2026, up 74%, with annualised transaction volume of US$287 billion, and that it serves more than 676,000 businesses. It said the money would fund AI-native finance software, more licences beyond its existing 85-plus, and products for agentic commerce. This round supersedes the December 2025 valuation described earlier on this page. See our guide to cross-border payments companies.

Sources

Every figure on this page comes from the public sources below. Where sources disagreed, we used the company's own announcement or a primary news report. Private-company data changes; check the date beside each figure.

1. The Star (Reuters)
2. DealStreetAsia
3. Pulse 2.0
4. Business Wire