Airwallex raises USD $330m, sets dual HQ in San Francisco

Airwallex has raised USD $330 million in fresh funding at a valuation of USD $8 billion and will establish San Francisco as a second global headquarters as it steps up expansion in the United States and invests heavily in artificial intelligence.

The Series G round was led by Addition, with participation from T. Rowe Price Associates, Activant, Lingotto, Robinhood Ventures and TIAA Ventures. The new valuation represents an increase of about 30% from the company's previous round six months earlier.

Airwallex said it plans to deploy more than USD $1 billion from 2026 to 2029 to grow its presence in the US. The company will expand its physical footprint, increase brand investment and grow its local workforce.

The payments and financial platform was founded in Australia in 2015 and now has more than 2,000 staff globally. It intends to expand its team by more than 50% by the end of 2026.

Revenue and volumes

Airwallex reported that its 2025 operating performance attracted strong investor demand for the latest round. Annualised revenue passed USD $1 billion in October and rose 90% year on year. Annualised transaction volume more than doubled over the same period to exceed USD $235 billion.

The company said around half of its customer base now uses multiple products. It holds 80 licences and permits worldwide. It said this regulatory footprint allows customers to operate in more than 200 countries and regions.

In 2025 the group extended its regulated presence and local services in 12 new markets. It secured new licences and launched products in France, the Netherlands, Israel, Canada, Korea, Japan, New Zealand, Malaysia, Vietnam, Brazil, Mexico and the United Arab Emirates.

Jack Zhang, Co-founder and Chief Executive of Airwallex, said the company is targeting firms that operate across borders.

"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."

Lee Fixel at Addition said the investor sees structural change in business finance.

"Airwallex is reshaping the global business banking landscape," said Lee Fixel at 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."

Second base in San Francisco

Airwallex will designate San Francisco as a dual global headquarters alongside its existing base in Singapore. The company will locate core product, engineering, strategic partnerships and go-to-market teams in the city.

The US is a priority market in the firm's global strategy. Airwallex plans to double its US headcount to more than 400 employees over the next 12 months. It is also doubling its San Francisco office space.

The planned investment in US operations forms part of a wider build-out of infrastructure and partnerships around the world. The company said the global hiring programme will support these initiatives.

AI agents push

Airwallex will allocate a significant portion of the new funding to AI-focused product development. The company is building a suite of specialised AI agents that it says can execute real financial workflows and handle multi-step operations in areas such as payments, treasury and spending.

The firm said hundreds of agents will sit across its platform over time. The agents will perform tasks that include expense approvals, policy checks and orchestration of end-to-end finance processes.

Zhang said access to data will matter more as AI systems advance.

"As AI lowers software costs, infrastructure and data become the ultimate differentiator," said Zhang. "Airwallex connects the full spectrum of a customer's financial operations - money in, money out, and everything in between, giving our agents the contextual data to execute with precision. This proprietary visibility, built on our scalable financial infrastructure, is what powers agentic finance."

The first set of agents will sit inside the company's spend management product. The Expense Submission Agent is live and aggregates receipts from multiple sources. It then matches receipts to transactions, classifies the expenses and fills the necessary fields for submission.

A second tool, the Expense Policy Agent, will launch in the coming weeks. It will verify receipt validity, compare the submission against corporate policies and highlight potential exceptions for manual review before final approval.

Airwallex said customers will be able to apply the spend-focused agents across expense and procure-to-pay workflows. It said the tools are designed to impose tighter controls, reduce manual work and shorten month-end closing cycles.