What does Airwallex do?
Airwallex is a provider of a global payments and financial platform designed for modern businesses. It offers a comprehensive suite of financial services including business accounts, payments, spend management, and embedded finance, enabling companies to operate seamlessly across multiple markets and currencies.
How much did they raise?
The company raised US$300M in a Series F funding round, which included US$150M in secondary share transfers. The round attracted prominent investors such as AirTree, Blackbird, DST Global, Lone Pine Capital, Salesforce Ventures, Square Peg, and strategic investor Visa Ventures.
What are their plans for the money?
With the new funding, Airwallex intends to expand its financial infrastructure into new markets including Japan, Korea, the UAE, and Latin America, while accelerating its go-to-market efforts in Europe, North America, and South East Asia. This expansion is expected to enhance its global payments capability and drive further growth in revenue.
What have they achieved so far?
Airwallex has recorded impressive milestones, such as achieving US$720M in annualised revenue with a 90% year-over-year increase, exceeding US$130 billion in global annualised payments volume, and growing its customer base by 50% in 2024 to serve 150,000 businesses worldwide.
