Airwallex secures USD $300 million to drive global expansion

Airwallex has raised USD $300 million in a Series F funding round, bringing its valuation to USD $6.2 billion and plans further global expansion.

The round comprises both primary and secondary shares, with half of the raised capital coming from secondary transactions by early investors. Major backers include Square Peg, DST Global, Salesforce Ventures, Visa Ventures, and prominent Australian superannuation funds such as Hostplus and NGS Super. Lone Pine Capital, Blackbird, and Airtree also participated in the round.

With this latest funding, Airwallex's total financing now exceeds USD $1 billion. The company intends to use these funds to enhance its global financial infrastructure, enter new markets, and refine its technology to allow businesses to operate with fewer barriers.

"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 finance, and to empower businesses everywhere to grow without limits," Jack Zhang, Co-Founder and Chief Executive Officer of Airwallex, stated.

"We are excited to be leading Airwallex's most recent funding round. From its roots in Melbourne, Airwallex is evolving into a generational global company. Its product offering meets critical needs for a large and growing cohort of global-first, digital-first companies that, in many cases, have complex financial services needs. Jack Zhang and his team are creating something very special, and we believe they are early in their journey," Paul Bassat, Co-Founder and Partner at Square Peg, commented.

Airwallex reported a 90% year-on-year increase in annualised revenue, reaching USD $720 million in early 2025, and processed over USD $130 billion in global annualised payments volume. The company grew its customer base by 50% and now serves 150,000 businesses globally. Airwallex expects to reach USD $1 billion in annual run-rate revenue in 2025.

Growth in the Americas and EMEA (Europe, Middle East, and Africa) regions has been considerable, with gross profit in both sectors increasing at a compound annual growth rate above 250% over the past four years.

Airwallex's expansion within the Americas includes a new permanent headquarters in San Francisco and new offices in New York and Toronto. The company has also received a payment institution licence in Brazil and the approval to complete the acquisition of Mexico-based payment service provider MexPago, positioning Airwallex to operate in Latin America's two largest economies.

In Europe, Airwallex has established a new office in Paris and made a series of senior appointments in London and Amsterdam. In the Middle East, it has made its initial hires in both Abu Dhabi and Dubai and is continuing growth efforts in Israel.

In the Asia-Pacific region, revenue saw a 109% year-over-year increase during the first quarter of 2025 compared to the first quarter of 2024. Key drivers in this region included the launches of Airwallex Yield in Australia and Hong Kong and the rollout of the Airwallex for Startups programme in Australia, Singapore, and New Zealand. Additionally, Airwallex has entered Vietnam with a recent acquisition.

The company intends to use the proceeds of the Series F round to further global market efforts, targeting new entries into Japan, Korea, the UAE, and Latin America, as well as continued expansion in established regions such as Europe, North America, and Southeast Asia.

Airwallex's proprietary global financial infrastructure includes direct integrations with local clearing systems and card networks across more than 150 countries, as well as an extensive licensing portfolio within the financial technology sector.

Airwallex customers are able to generate local account numbers in over 60 countries and send and receive funds across more than 150 countries. The firm reports that 95% of transactions are delivered within a few hours or the same day, with 68% being processed instantly.

The Airwallex platform is designed to help businesses manage global operations more efficiently. Services include multi-currency global business accounts, international payments, expense and spend management tools powered by AI, and platform APIs to embed Airwallex's financial products into other applications and marketplaces.

Airwallex's customers include BILL, Bird, Brex, Deel, Rippling, Navan, Qantas, and ZipHQ, among others.