Celebrating $1 Billion in ARR

In October, Airwallex hit a major milestone: crossing $1 billion in annualized run rate revenue (ARR).

It’s tangible proof that global businesses are moving past the constraints of an outdated financial system. It represents the trust that our customers place in us and our ability to address the needs of modern businesses as they scale across markets, currencies, and borders.  

The Path to $1B

It took us nine years to reach our first $500M in ARR – the second $500M came in just over one year. 

The growth curve steepened for a few reasons: 

Growing customer adoption: The number of customers using multiple Airwallex products has doubled since last year: the clearest evidence of strong and growing product market fit. Customers typically onboard with Airwallex to solve a single need, then extend their usage across markets and product suites as they scale. That organic growth reflects deep trust and the value of a single platform that can grow with them, wherever they go. 

Global-first companies are defining the new era of growth: A new generation of “born-global” businesses are accelerating economic interconnection. High-growth companies in AI and SaaS are launching into multiple markets from day one, selling, hiring, and transacting globally by design. Airwallex is uniquely positioned to power that shift.

Consider Turing, a San Francisco-based research accelerator for AI labs and enterprises deploying AI systems. Turing works with some 4 million global experts whose specialized knowledge powers and trains frontier AI models. They needed a tool for automating global talent payouts in a faster, more cost-effective way than their existing solution. With Airwallex, they are able to replace multiple regional providers with a single global payouts platform, increase payout speed via local rails, and reduce operational costs through API-driven automation.

Put simply, we’re giving entrepreneurs and business builders the global banking platform they need to grow, compete, and succeed at a global scale – at a moment of increasing complexity, volatility and opportunity.

Getting to the next $1B and beyond

At our current growth rate of roughly 90% year on year, Airwallex is on track to double again, surpassing $2 billion in ARR within the next 12 months. There are several levers fuelling our continued acceleration:

1. Geographic and product diversification

Our growth is increasingly global. The Americas and EMEA now make up 35% of revenue, up from virtually zero just three years ago. This global reach is now a key engine for our business. We’re deepening our go-to-market presence across Europe, North America, and other key Asian regions, while moving further upmarket to serve larger, more complex customers. That focus not only strengthens our customer relationships but also reinforces our brand with investors and talent. And when it comes to product diversity, roughly half of our customers now use multiple Airwallex products.

2. Accelerating with AI

A decade of building proprietary financial infrastructure now allows us to build meaningful value with AI. Fintechs that have invested in real infrastructure – licenses, payment networks, compliance, and data at scale – are best positioned to win the AI race in the CFO’s office. That is our edge. Our proprietary rails, secure data flows, and scalable systems make our AI and software indispensable to finance teams. The companies that combine deep infrastructure with intelligent AI will shape how every CFO operates in the decade ahead.

3. Building the brand 

The past decade was about building our products, our infrastructure, and the proof that Airwallex could scale globally. That was our foundation. The next decade is about brand equity earning the trust of businesses and entrepreneurs everywhere. Because in the long run, brand creates the deepest kind of compound value. I’ve never felt more confident in our trajectory or our ability to reach the next level of growth. 

To our customers and partners: Thank you for your trust and belief in what we’re building.

To our global team: This milestone is yours. Your conviction, creativity, and persistence made it possible. Hitting $1B ARR isn’t just a measure of demand, it’s a testament to our ability to move as one team, across regions, products, regulatory framework and time zones, all focused on the same mission.