Airwallex plans to invest more than S$2 billion in Singapore over the next five years and increase its local workforce to over 1,000 employees, expanding the country’s role in the financial technology company’s global operations.
The planned capital commitment will support product development, engineering, artificial intelligence (AI) capabilities and regional operations. Operating alongside San Francisco as one of Airwallex’s two global co-headquarters, the Singapore base houses teams that support core technology development and business functions across international markets.
Investment to expand technology capabilities and workforce
Airwallex currently employs more than 750 people in Singapore across commercial, corporate, product and engineering functions. Since establishing its global headquarters in the country in 2023, the company has broadened its local operations and is now planning further investment in specialised technical capabilities. As the workforce grows, the firm intends to develop deeper proficiencies in product development, engineering and AI, with Singapore-based personnel contributing to international operations while supporting product innovation alongside regional and global business expansion.
To build these capabilities locally, Airwallex is working alongside the Singapore Economic Development Board (EDB), aiming to deepen domestic operations while supporting the country’s development as a centre for financial services and technology. Welcoming the investment, Herman Loh, Senior Vice President & Co-Head, Digital Industry Singapore at the Singapore Economic Development Board (EDB), said the commitment would increase Airwallex’s local footprint, establish more product and AI capabilities, and create employment opportunities. Loh also identified Singapore’s role as a base for financial technology companies expanding across Southeast Asia and the wider Asia-Pacific region, adding that the EDB intends to deepen and expand its partnership with Airwallex as the business develops its local operations.
Expanded Guoco Tower offices to span four floors
The investment announcement coincides with the official opening of Airwallex’s expanded co-headquarters at Guoco Tower in Singapore’s Tanjong Pagar business district. Having added office space on level 35, the company is scheduled to occupy another floor in early 2027. Once that expansion is completed, its Singapore offices will cover more than 80,000 square feet across four floors of the building.
The expanded premises house teams responsible for commercial and corporate functions alongside product development and engineering, supporting Airwallex’s business in Singapore and other international markets. Arnold Chan, General Manager, Asia-Pacific at Airwallex, identified the country’s talent pool, innovation ecosystem and international connectivity as reasons for maintaining one of the company’s global co-headquarters in Singapore.
Singapore revenue and transaction volume grow 90% in H1 2026
The investment plans follow strong growth across Airwallex’s Singapore business during the first half of 2026, when the company reported a 90% year-on-year increase in local revenue and a 90% year-on-year rise in total transaction volume. Airwallex attributed this growth to increasing adoption of its financial services among businesses operating across borders. Its platform provides payment acceptance, billing, global accounts, corporate cards and spend management, allowing organisations to manage different financial activities through one system. Among its Singapore customers, Airwallex identified Far East Flora, Stryv, Circles, Moom Health, ZENXIN Organic and Chronos Agency as businesses using its services to support international expansion.
Lionel Tan, Head of SME and Growth at Airwallex, described growing interest among Singapore businesses in integrated financial services and the use of AI for financial management. “Singapore SMEs increasingly value integrated financial solutions that bring their financial operations together on one platform. We’re also seeing growing interest in innovations such as AI that can help businesses manage their finances more efficiently,” said Tan.
Singapore also supports Airwallex’s expansion across Southeast Asia, including its growing presence in Malaysia, Indonesia and Vietnam. Teams based in the country contribute to product development, technology innovation and business operations serving these markets and other international locations.
Across its global business, Airwallex employs more than 2,700 people in 27 offices and reports serving more than 676,000 businesses worldwide, directly or through platform customers. Its financial infrastructure is supported by more than 85 licences across North America, Europe, the Middle East and Asia-Pacific.
