Payments’ platform Airwallex has raised $330 million in a
Series G funding round valuing the company at $8 billion.
The investment was led by Addition and with T. Rowe Price,
Activant, Lingotto, Robinhood Ventures and TIAA Ventures also participating.
The funding will fuel Airwallex’s ongoing growth in the
U.S. and other markets globally. It will also go towards AI hiring and product
development.
“We believe the future of global banking will be borderless,
real-time, and intelligent,” said Jack Zhang, co-founder and CEO of
Airwallex. “Legacy providers are fundamentally incompatible with how
modern businesses operate, and our investors understand that we're pulling
ahead in the race to define this category. We’re building a modern alternative,
a single platform that powers global banking, payments, billing, treasury and
spend on top of proprietary financial infrastructure. This capital will
accelerate our growth, extend our technical leadership and strengthen our
position in the U.S. and across key markets worldwide.”
The company said that 2025 highlights include annualized
revenue of more than $1 billion in October, a 90% increased year over year. Annualized
transaction volume doubled in the same period to more than $235 billion.
“Airwallex is reshaping the global business banking
landscape,” said Lee Fixel, founder of Addition. “The traditional financial
system wasn’t built for borderless businesses, and Airwallex is uniquely
equipped to solve this challenge. With its global financial infrastructure,
software and AI capabilities, the company is exceptionally well positioned to
lead the future of global business banking.”