Financial technology firm Airwallex has successfully secured $300m USD in a Series F funding round, elevating its valuation to USD $6.2 billion and setting the stage for accelerated global expansion. The funding comprises both primary and secondary shares, with half of the capital originating from secondary transactions by early investors.
Major financial backers demonstrating confidence in the company include Square Peg, DST Global, Salesforce Ventures, and Visa Ventures, alongside prominent Australian superannuation funds Hostplus and NGS Super. Additional participation came from established investors Lone Pine Capital, Blackbird, and Airtree.
Transforming global financial infrastructure
The latest capital raise brings Airwallex’s total financing to over USD $1 billion, a significant milestone for the financial technology enterprise. These funds will strengthen the company’s global financial infrastructure, facilitate entry into new markets, and enhance technological capabilities—all aimed at removing operational barriers for businesses worldwide.
“The global financial system wasn’t built for today’s borderless economy. 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. This investment marks a major milestone in our journey to redefine global finance, and to empower businesses everywhere to grow without limits.”
Jack Zhang, Co-Founder and Chief Executive Officer of Airwallex
Square Peg’s Co-Founder and Partner Paul Bassat expressed enthusiasm about the investment, noting: “From its roots in Melbourne, Airwallex is evolving into a generational global company. Its product offering meets critical needs for a large and growing cohort of global-first, digital-first companies that, in many cases, have complex financial services needs. Jack Zhang and his team are creating something very special, and we believe they are early in their journey.”
Remarkable financial performance
Airwallex has demonstrated impressive financial growth, reporting a 90% year-on-year increase in annualised revenue, which reached USD $720 million in early 2025. The financial technology firm processed over USD $130 billion in global annualised payments volume and expanded its customer base by 50%, now serving 150,000 businesses globally.
The company anticipates reaching USD $1 billion in annual run-rate revenue during 2025, underscoring its robust business model and market demand. Particularly notable has been the growth across the Americas and EMEA regions, where gross profit has increased at a compound annual growth rate exceeding 250% over the past four years.
Strategic geographical expansion
Airwallex has strategically strengthened its presence in the Americas with the establishment of a permanent headquarters in San Francisco and new offices in New York and Toronto. The acquisition of regulatory approvals has positioned the company advantageously, including a payment institution licence in Brazil and approval to complete the acquisition of Mexican payment service provider MexPago—enabling operations in Latin America’s two largest economies.
The European market has received similar attention with a new Paris office and senior appointments in London and Amsterdam. Middle Eastern initiatives include initial personnel appointments in Abu Dhabi and Dubai, alongside continued growth efforts in Israel.
The Asia-Pacific region remains a strong performer, with revenue increasing by 109% year-over-year during the first quarter of 2025 compared to the same period in 2024. Key initiatives contributing to this growth included the launches of Airwallex Yield in Australia and Hong Kong, along with the implementation of the Airwallex for Startups programme across Australia, Singapore, and New Zealand. Additionally, the company has expanded into Vietnam through acquisition.
Future direction and technological capabilities
The Series F funding will support further global market penetration, with planned entries into Japan, Korea, the UAE, and additional Latin American markets. Established regions such as Europe, North America, and Southeast Asia will see continued expansion efforts.
Airwallex has developed proprietary global financial infrastructure that includes direct integrations with local clearing systems and card networks across more than 150 countries. This technical foundation, combined with an extensive licensing portfolio within the financial technology sector, enables customers to generate local account numbers in over 60 countries and conduct transactions across more than 150 countries.
The efficiency of this infrastructure is demonstrated by transaction speed metrics: 95% of transactions are delivered within hours or the same day, while 68% process instantly. The platform offers businesses comprehensive tools for managing global operations, including multi-currency global business accounts, international payments, and AI-powered expense management tools. Platform APIs allow other applications and marketplaces to embed Airwallex’s financial products.
The growing roster of clients using these services includes notable names such as BILL, Bird, Brex, Deel, Rippling, Navan, Qantas, and ZipHQ—businesses that require seamless financial operations across international boundaries.