Airwallex Secures US$300m Series F Funding Round at US$6.2bn

Airwallex has completed a US$300m Series F funding round at a US$6.2bn valuation, bringing the cross-border payments platform's total funding to more than US$1.2bn.

The round includes US$150m in secondary share transfers, allowing existing shareholders to realise returns whilst maintaining the company's growth trajectory. 

The investment includes Square Peg, DST Global, Lone Pine Capital, Blackbird, Airtree, Salesforce Ventures and several Australian pension funds. Visa Ventures joins as a strategic investor.

The company processes cross-border payments through its proprietary infrastructure, which connects directly to local clearing systems—the networks banks use to settle transactions—across 150 countries. 

This approach bypasses traditional correspondent banking relationships that typically add fees and processing delays to international transfers.

Airwallex achieved US$720m in annualised revenue in March 2025, representing 90% year-over-year growth. 

The platform processed US$130bn in global payments volume annually and expanded its customer base by 50% in 2024 to serve 150,000 businesses worldwide. 

The company expects to reach US$1bn in annual run rate revenue in 2025.

Americas and Europe drive growth acceleration

The company has recorded gross profit growth exceeding 250% compound annual growth rate across both the Americas and EMEA regions over four years. 

This expansion has coincided with regulatory approvals in key markets, including a payment institution licence in Brazil and approval to acquire MexPago, a Mexico-based payment service provider.

Airwallex established a permanent US headquarters in San Francisco in 2024 and opened offices in New York and Toronto. 

In Europe, the company launched operations in Paris whilst expanding teams in London and Amsterdam. The company also made its first hires in the United Arab Emirates, with staff in both Abu Dhabi and Dubai.

The funding will support expansion into Japan, Korea, the UAE and Latin America, alongside accelerated go-to-market efforts in existing regions. 

These markets represent opportunities for cross-border commerce, particularly in e-commerce and B2B payments, where traditional banking infrastructure often creates bottlenecks for international transactions.

Jack Zhang, Co-founder and CEO, describes the company's approach as taking “a deep, hyper-local approach: going country by country, forming partnerships, gaining local insight, and establishing direct connections”. 

The platform enables customers to save up to 80% on foreign exchange fees compared to traditional banks.

Platform strategy targets integrated financial software

Airwallex operates through four main product lines. Its Global Business Accounts provide multi-currency banking services with foreign exchange conversion capabilities. 

The Payments division enables merchants to accept online and in-store payments through cards and 160 local payment methods—alternative payment options like digital wallets and bank transfers that vary by country.

The Spend platform offers corporate card programmes and expense management tools, whilst Platform APIs allow technology companies to embed Airwallex's financial services into their own platforms. 

This embedded finance approach—where non-financial companies integrate banking services directly into their products—has become a revenue driver for fintech platforms.

Jack notes that the company has evolved from primarily offering cross-border infrastructure to powering a greater portion of customers' financial operations. 

“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,” he says.

The integrated software stack manages processes from vendor onboarding through to bill submission, approval, foreign exchange conversion, payout, and reconciliation across global entities. 

Jack describes this capability: “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.”

The company's infrastructure enables customers to generate local account numbers in more than 60 countries, allowing businesses to receive payments as if they were domestic transactions. 

This capability reduces processing fees and settlement times compared to traditional international wire transfers. Airwallex reports that 95% of transactions arrive within hours or the same day, with 68% processed instantly.

The platform's direct integrations with card networks including Visa and Mastercard position it as both a principal issuer—meaning it can issue payment cards directly—and acquirer, allowing it to process merchant transactions without relying on third-party processors. 

Customers can access interbank foreign exchange rates in more than 60 currencies through the platform's comprehensive licensing portfolio, which spans more than 60 regulatory approvals globally.

AI-powered financial operations

Jack indicates that artificial intelligence will reshape how companies manage their financial operations. 

“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,” he says. 

The company is integrating AI to enhance efficiency and reduce friction across its platform, though Jack notes they are “excited to share more about our specific advancements soon”.

“The global financial system wasn't built for today's borderless economy,” Jack says. “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.”

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