Airwallex announced its Series F funding, bringing the companys’s total raised to $1.2 billion, with a valuation of $6.2 billion. This round will help company to expand into new markets and move faster in building a new vision for the future of global banking.
Series F investors include: Square Peg, DST Global, Lone Pine Capital, Blackbird, Airtree, Salesforce Ventures, and Visa Ventures with participation from several leading pension funds in Australia. Visa Ventures also joins as a strategic investor.
„Our investors see what we see: a chance to eliminate financial friction and give businesses the tools they need to take on the global market, and win. Addressing that financial friction has been our driving force from the very beginning. This is a big step forward, and it will help us move faster in building the future of global banking.” – said Jack Zhang, co-founder and CEO of Airwallex.
He continues:
„We started Airwallex 10 years ago to make global money movement as fast, cheap and transparent as possible, but it turns out we were just scratching the surface.
That work became the foundation for something bigger. Today, we’ve expanded from international money transfer into a end to end global payments & banking platform that powers the full financial operations lifecycle: payments/checkout, multi-currency accounts, corporate cards & spend management, and APIs to run global finance at scale. And we’re just getting started.
This next chapter is about embracing AI to unlock fully autonomous financial operations. We believe this will fundamentally change how businesses are built and scaled — and we’re building for that future. We’ve always believed in supporting entrepreneurs and startups because we’ve been in their shoes.
This funding is a major step forward in helping more businesses grow globally, faster, and with fewer roadblocks. With this new funding, we’re ready to expand to new countries, unlock new use cases, and support even more builders around the world.„
Airwallex journey seen by its CEO
Chapter one: the Airwallex story
„Many know us for our unique cross-border payment infrastructure. We spent nearly a decade taking a deep, hyper-local approach: going country by country, forming partnerships, gaining local insight, and establishing direct connections. We grew from a single license in Australia to more than 60 globally.
We built direct relationships with card schemes like Visa and Mastercard, becoming a principal issuer and acquirer wherever possible – meeting rigorous regulatory and operational requirements.
Because of that foundational work, our customers can now move money in real-time or near real-time across 150+ countries, access interbank FX rates in 60+ currencies, and save up to 80% on FX fees. They can also enable multi-currency, hyper-local eCommerce checkout experiences.„
Chapter two: integrated financial software
„Building on that foundation, we’ve created a tightly integrated software stack that works seamlessly across currencies and borders to power the lifecycle of global financial services. That includes a comprehensive spend management platform, high-interest multicurrency accounts, and APIs designed to support the financial operations of our largest customers.
It’s a powerful thing to see – the entire flow from vendor onboarding, to bill submission, approval, FX conversion, payout, and reconciliation across global entities – fully streamlined with a full lineage of that process in one place. Much of it is automated, seamlessly folding into monthly processes with minimal effort.
And our customers agree. The ability to manage this entire workflow across currencies and systems, with speed and accuracy, brings a whole new level of control.
Just a few years ago, most of our business came from our cross-border infrastructure. Today, we’re powering a much greater portion of our customers’ financial operations.„
Chapter three: the AI-powered future
„AI will fundamentally change how companies run their businesses. We’re heading into a future where AI can run the entire finance function. Not just co-pilot mode, but fully autonomous financial operations. That changes everything about how companies are built, funded, and scaled, and we’re building that future.
We’re building towards this by integrating AI to enhance efficiency, improve decision-making, and reduce friction across our platform today. This shift will reshape how companies are built and scaled. We’re excited to share more about our specific advancements soon.„
Rapid growth, bolstered by momentum in Americas, Europe
In March 2025, Airwallex achieved $720 million in annualized revenue, up 90% year-over-year, and exceeded $130 billion in global annualized payments volume. The company grew its customer base by 50% in 2024 – now serving 150,000 businesses worldwide. In 2025, Airwallex expects to hit $1 billion in annual run rate revenue.
Airwallex has seen accelerated growth in the Americas and EMEA regions over the past four years, with gross profit growing at a CAGR of more than 250% in both regions. In 2024, Airwallex moved into a permanent U.S. headquarters in San Francisco and recently opened new offices in New York and Toronto. Following the receipt of a payment institution license in Brazil and approval to close its acquisition of MexPago, a Mexico-based payment service provider, Airwallex is poised to launch services in Latin America’s two largest economies.
In Europe, Airwallex recently opened a new office in Paris and made a series of senior hires in London and Amsterdam. In the Middle East, Airwallex made its first hires in the United Arab Emirates – in both Abu Dhabi and Dubai – and continued to grow strongly in Israel.
Airwallex will use the funding to continue expanding its financial infrastructure into new markets including Japan, Korea, the UAE, and Latin America, and to accelerate go-to-market efforts in Europe, North America, and South East Asia.
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Airwallex is a leading global financial platform for modern businesses, offering trusted solutions to manage everything from business accounts, payments, and spend management to embedded finance. With its proprietary infrastructure, Airwallex takes the friction out of global payments and financial operations, empowering businesses of all sizes to unlock new opportunities and grow beyond borders.
This proprietary network gives Airwallex’s customers the unique ability to instantly generate local account numbers in 60+ countries and to send and receive funds across more than 150 countries, faster and more efficiently than traditional banks. Today, 95% of Airwallex transactions arrive within a few hours or the same day – 68% are processed instantly.
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