Global fintech company Airwallex has successfully raised $300 million in a Series F funding round, elevating its post-money valuation to $6.2 billion. This marks an 11% increase from its previous valuation in 2022, underscoring investor confidence in the company’s growth trajectory amidst a cautious capital environment.
The funding came from a mix of new and existing investors, including DST Global, Square Peg, Lone Pine Capital, Salesforce Ventures, Visa Ventures, and several Australian pension funds. Notably, half of the capital came from secondary share sales, allowing early stakeholders to realize returns while bringing in fresh capital for expansion.
Founded in Melbourne and now headquartered in Singapore, Airwallex has evolved from serving Chinese e-commerce sellers to becoming a full-fledged global financial platform. It now supports over 150,000 businesses in 150+ countries with services like payments, foreign exchange, debit cards, and business accounts.
Airwallex’s Chief Revenue Officer, Wu Kai, emphasized the deliberate approach to valuation in the current fintech landscape. “Maintaining this valuation is an intentional choice,” Wu stated, highlighting a shift in investor focus towards product defensibility, sustainable business models, and scalability. He noted that the company anticipates maintaining an average growth rate above 50% over the next five years.
Airwallex’s annualized revenue hit $720 million as of March 2025 – up 90% year-on-year. Global transaction volume rose to $130 billion from $50 billion in 2022. The company holds licenses in over 60 jurisdictions, making it one of the most licensed fintech companies globally.
Its regulatory approvals span markets including Australia, Singapore, Hong Kong, mainland China, Japan, the UK, and the US. The company’s infrastructure enables 95% of transactions to be completed within hours or the same day, with 68% processed instantly.
Looking ahead, Airwallex plans to use the funds to expand internationally and build new AI-powered financial products. It also aims to become IPO-ready by strengthening its financial infrastructure and compliance frameworks.
CEO Jack Zhang called the funding a “major milestone” as Airwallex works to “redefine global banking” and support businesses worldwide. Clients already include major names like Shein, Qantas, and Xero.
With strong financials, global reach, and a growing portfolio of tech-driven solutions, Airwallex is positioning itself to be a major player in the future of cross-border business finance – powered by AI and guided by ambitions to go public in the near future.
Also read: Viksit Workforce for a Viksit Bharat
Do Follow: The Mainstream formerly known as CIO News LinkedIn Account | The Mainstream formerly known as CIO News Facebook | The Mainstream formerly known as CIO News Youtube | The Mainstream formerly known as CIO News Twitter |The Mainstream formerly known as CIO News Whatsapp Channel | The Mainstream formerly known as CIO News Instagram
About us:
The Mainstream formerly known as CIO News is a premier platform dedicated to delivering latest news, updates, and insights from the tech industry. With its strong foundation of intellectual property and thought leadership, the platform is well-positioned to stay ahead of the curve and lead conversations about how technology shapes our world. From its early days as CIO News to its rebranding as The Mainstream on November 28, 2024, it has been expanding its global reach, targeting key markets in the Middle East & Africa, ASEAN, the USA, and the UK. The Mainstream is a vision to put technology at the center of every conversation, inspiring professionals and organizations to embrace the future of tech.
