Airwallex has raised USD $320 million in a Series H funding round, valuing the payments and financial software company at USD $11 billion.
The round was led by returning investor Addition, with backing from Baillie Gifford, Hummingbird, QED Investors, T. Rowe Price, Hedosophia, Haun Ventures, Washington University in St. Louis and Amex Ventures.
The valuation is up from USD $8 billion in the company's previous funding round. The new capital will fund product development, expansion into additional markets and growth in teams working on AI-based financial software.
Founded in Melbourne and now co-headquartered in San Francisco and Singapore, Airwallex sells cross-border payments and financial products to businesses. It serves more than 676,000 businesses, directly or through platform customers, and operates under more than 85 licences across North America, Europe, the Middle East and Asia-Pacific.
The funding comes as Airwallex reports rapid growth in its core business. In March, it said it had reached USD $1.3 billion in annualised revenue, up 74% from a year earlier, while annualised transaction volume rose more than 120% to USD $287 billion.
More than 90% of revenue now comes from customers using more than one product, indicating that clients are adopting a broader range of services across the platform.
Product push
Alongside the funding, Airwallex unveiled two product initiatives aimed at finance automation and online commerce.
The first, T:0, is an AI-native finance platform intended to manage a business's finance function end-to-end. The company said it is designed to automate bookkeeping, forecasting, taxes, compliance and reporting, and is currently in private beta.
The second, Airi, is a consumer wallet focused on what Airwallex calls agentic commerce. At launch, it will include the company's one-click checkout product, which increased successful checkout conversions by up to 14% for digital merchants in early testing, according to Airwallex.
Airwallex plans to expand Airi to include delegated agent payments, spending limits, permission controls and multi-currency balances. The wallet is intended to work with the company's Agentic Commerce Suite to provide a full transaction flow for merchants and consumers on its regulated infrastructure.
The announcement reflects a broader push by financial technology groups to position themselves around AI in back-office operations, payments and online purchasing. Investors are closely watching whether companies with payment licences, settlement networks and compliance systems can use those assets to build new software products on top of existing financial infrastructure.
Jack Zhang, Co-Founder and Chief Executive Officer of Airwallex, said the company sees a major shift underway in global finance.
"We believe this is the most consequential moment in the history of global finance, and we are building accordingly. A decade ago, we did not know exactly what the agentic economy would look like, but we built a foundation for it. The licenses, local network integrations, and settlement rails we spent ten years constructing are precisely the kind of infrastructure it needs. This new capital lets us move faster into Airwallex's next chapter: autonomous finance, agentic commerce, and the infrastructure to power both," Zhang said.
Addition said the company's infrastructure base would be difficult to replicate as competition shifts with AI.
"What Airwallex has built is unusually hard to replicate. As AI transforms the competitive landscape, the winners will be the companies building on top of real financial infrastructure, not around it. Airwallex has already shown it can translate that foundation into meaningful software capabilities at scale," said Lee Fixel of Addition.