Airwallex Raises US$300M Series F at US$6.2B Valuation to Accelerate Global Expansion

Melbourne-founded Airwallex, a global payments and financial platform for modern businesses, has closed a US$300 million Series F funding round at a US$6.2 billion valuation. The round includes US$150 million in secondary share transactions from early investors, bringing total funding to over US$1 billion. New and existing investors such as Square Peg, DST Global, Lone Pine Capital, Salesforce Ventures, and Visa Ventures participated.

Funding to Drive Global Market Expansion and Innovation

Airwallex plans to use the fresh capital to enhance its global infrastructure and software, enabling businesses to operate seamlessly across borders and currencies. The company will expand into new markets including Japan, Korea, the UAE, and Latin America while accelerating go-to-market efforts in Europe, North America, and Southeast Asia.

Strong Growth and Market Momentum

Achieved US$720 million in annualised revenue by March 2025, a 90% YoY increase
Exceeded US$130 billion in global annualised payment volume
Expanded customer base by 50%, now serving 150,000 businesses worldwide
Expected to reach US$1 billion in annual run rate revenue in 2025

Airwallex’s Americas and EMEA regions have experienced gross profit growth at a CAGR exceeding 250%, supported by new offices in the U.S., Canada, Latin America, Europe, and the Middle East.

Proprietary Global Financial Infrastructure

Airwallex’s tech-built financial network features direct integrations with local clearing systems and card networks, providing:

Instant generation of local account numbers in 60+ countries
Faster and more efficient cross-border payments across 150+ countries
95% of transactions settled within hours or same day; 68% processed instantly

Comprehensive Platform for Modern Businesses

Airwallex offers:

Global Business Accounts: Multi-currency accounts with FX and international transfer capabilities
Payments: Acceptance of cards and 160+ local payment methods worldwide
Spend Management: Corporate and employee cards, expense management, bill payments powered by AI
Airwallex for Platforms: API-driven financial services embedded for tech companies and marketplaces

Leadership Perspective

Jack Zhang, Co-founder and CEO, highlights the need for a new global financial foundation built for scale and speed to empower businesses in the borderless economy.

Paul Bassat, Co-Founder of Square Peg, notes Airwallex’s evolution into a generational global company meeting critical needs of digital-first, global-first businesses.