Global payments and financial platform Airwallex has completed a US$300 million Series F funding round at a US$6.2 billion valuation. The round includes US$150 million in secondary share transfers.
The new investment, which brings Airwallex’s total funding to more than US$1.2 billion, includes Square Peg, DST Global, Lone Pine Capital, Blackbird, Airtree, Salesforce Ventures, and several leading pension funds in Australia. Visa Ventures also joins as a strategic investor.
Airwallex will use the additional capital to expand its global infrastructure into new markets and continue refining and scaling the software that enables businesses to operate anywhere, anytime.
Jack Zhang, co-founder and CEO of Airwallex, said 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,” said Zhang. “This investment marks a major milestone in our journey to redefine global banking, and to empower businesses everywhere to grow without limits.”
In 2024, Airwallex moved into a permanent US headquarters in San Francisco and recently opened new offices in New York and Toronto.
Following the receipt of a payment institution license in Brazil and approval to close its acquisition of MexPago, a Mexico-based payment service provider, Airwallex is poised to launch services in Latin America’s two largest economies.
In Europe, Airwallex recently opened a new office in Paris and made a series of senior hires in London and Amsterdam.
In the Middle East, Airwallex made its first hires in the United Arab Emirates – in both Abu Dhabi and Dubai – and continued to grow strongly in Israel.
Airwallex will use the funding to continue expanding its financial infrastructure into new markets including Japan, Korea, the United Arab Emirates, and Latin America, and to accelerate go-to-market efforts in Europe, North America, and Southeast Asia.
Airwallex has built a tech-led global financial infrastructure from the ground up, with direct integrations into local clearing systems and card networks, and one of the most comprehensive licensing portfolios in fintech.
This proprietary network gives Airwallex’s customers the ability to instantly generate local account numbers in 60+ countries and to send and receive funds across more than 150 countries, faster and more efficiently than traditional banks.
Today, 95% of Airwallex transactions arrive within a few hours or the same day – 68% are processed instantly.
