Airwallex has secured US$300 million in Series F funding, bringing its valuation to US$6.2 billion. The round includes US$150 million in secondary share transfers and lifts Airwallex’s total funding to over US$1.2 billion. Investors in this latest round include Square Peg, DST Global, Lone Pine Capital, Blackbird, Airtree, Salesforce Ventures, and several Australian pension funds. Visa Ventures has also joined as a strategic investor.
The funding will be used to expand the company’s global financial infrastructure, enter new markets, and refine its platform that helps businesses manage cross-border operations. Jack Zhang, co-founder and CEO of Airwallex, said, “The global financial system wasn’t built for today’s borderless economy. Too many businesses are held back by legacy infrastructure that’s slow, costly, and fragmented. At Airwallex, we’re building a new foundation for the global economy – one that’s fast, seamless, and built for scale. This investment marks a major milestone in our journey to redefine global banking, and to empower businesses everywhere to grow without limits.”
Strong momentum in key regions
Airwallex reported US$720 million in annualised revenue as of March 2025, a 90% year-on-year increase. The company also crossed US$130 billion in annualised global payments volume and expanded its customer base by 50% to 150,000 businesses worldwide. It expects to reach US$1 billion in annualised revenue later this year.
Growth has been especially strong in the Americas and Europe, with gross profit in both regions increasing at a compound annual growth rate of over 250% over the past four years. In 2024, the company established a permanent U.S. headquarters in San Francisco and opened new offices in New York and Toronto. It also secured a payment institution licence in Brazil and gained approval to acquire MexPago in Mexico, enabling its upcoming expansion into Latin America’s two largest economies.
In Europe, Airwallex opened a new office in Paris and bolstered its teams in London and Amsterdam with senior hires. In the Middle East, the company began hiring in Abu Dhabi and Dubai and saw strong growth in Israel. With this latest funding, Airwallex plans to further its presence in Japan, Korea, the UAE, and Latin America, while also accelerating its go-to-market strategies in Europe, North America, and Southeast Asia.
Building the infrastructure for modern global banking
Airwallex has developed its own tech-driven financial infrastructure with direct connections to local clearing systems and card networks. It also holds one of the most comprehensive licensing portfolios in fintech. This infrastructure allows customers to generate local account numbers in over 60 countries and send or receive funds in more than 150 markets, offering a much faster alternative to traditional banks. Currently, 95% of Airwallex transactions are completed on the same day, with 68% processed instantly.
Beyond payments, Airwallex provides a range of financial tools for growing businesses. These include Global Business Accounts that support multi-currency banking, foreign exchange, and international transfers, as well as online and in-store payment options through over 160 local payment methods. The platform also supports company spending with AI-powered tools for managing corporate cards, expenses, and bill payments. In addition, Airwallex offers APIs for embedded finance, enabling companies and marketplaces to integrate financial services into their own products.
The company’s continued growth and investment underline its ambition to become a key enabler for businesses looking to operate without the constraints of traditional financial systems.
