Building the future of global banking

In 2015, our CEO Jack Zhang and a few fellow entrepreneurs launched a coffee shop in Melbourne. As they sourced products and materials from overseas, they encountered first-hand the inefficiencies, delays, and costs embedded in traditional banking and foreign exchange systems. Where most small businesses see the inefficiencies in cross-border payments as a barrier to growth, our founders saw an opportunity to build something better. From this, Airwallex was born.

As more businesses expanded across borders, demand for a modern financial platform grew rapidly. By mid-2018, Airwallex's transaction volumes had surged, attracting significant investment and validating the need for an alternative to legacy banking infrastructure. By the end of the year, Airwallex was processing billions of dollars in transactions and raised an additional US$80 million at a valuation of US$450 million. When a much larger competitor offered to buy the company for nearly three times that amount, the founders unanimously voted to keep building.

In 2022, Airwallex entered a new phase of expansion. A Series E-2 raise increased the company's valuation to US$5.6 billion and supported continued investment in the infrastructure required to power global business. Airwallex expanded into new markets, strengthened its licensing footprint around the world, and broadened its product capabilities, including the launch of a global expense management platform. The foundations of a truly global platform were taking shape.

By 2025, Airwallex had become one of the world's fastest-growing financial platforms. A Series G fundraise lifted the company's valuation to US$8 billion, while more than 200,000 businesses relied on Airwallex to manage their global operations. Annual recurring revenue surpassed US$1 billion, reflecting the growing demand for modern financial infrastructure built for a global economy. To support this next chapter, Airwallex adopted a dual-headquarters model spanning Singapore and San Francisco.

Airwallex sees opportunities where others see obstacles. With fresh investment and a new valuation of US$11 billion fuelling its next phase of growth, Airwallex is building interconnected, intelligent financial systems where money, data, and decisions move together. By combining global infrastructure, software, and AI, Airwallex is helping businesses automate financial operations, unlock new efficiencies, and operate globally from day one. As new business models emerge, Airwallex continues to evolve alongside them. In response to the rapid growth of AI companies and usage-based pricing models, Airwallex launched a global billing platform designed to help businesses manage increasingly complex invoicing, subscriptions, and revenue workflows at scale. We are building the future of global finance.