Global fintech innovator Airwallex has raised $300 million in a recent funding round, pushing its valuation to an impressive $6.2 billion — a nearly 11% increase from its 2022 figure.
Despite a challenging fundraising environment marked by geopolitical uncertainty and investor caution, Airwallex’s continued growth signals confidence in the company’s cross-border financial technology solutions. This uptick in valuation defies broader trends, as recent data from PitchBook reveals that over a quarter of deals in Q1 2025 were either flat or down rounds, reflecting lingering fears over high interest rates and potential economic downturns.
Founded in Melbourne in 2015, Airwallex has steadily expanded its global footprint, establishing a U.S. headquarters in San Francisco and moving its global HQ to Singapore. The company is positioning itself to challenge dominant financial institutions like JPMorgan Chase, Bank of America, and Citigroup in the highly competitive U.S. payments sector.
The latest capital infusion — with backing from prominent investors such as Square Peg, DST Global, Lone Pine Capital, and Blackbird — brings Airwallex’s total raised funds to over $1.2 billion. CEO and co-founder Jack Zhang revealed that regions like Japan, Korea, and Latin America are key to the company’s future growth plans.
Initially known for its cross-border payments infrastructure, Airwallex has since diversified into broader financial services. Today, services such as online payment processing and spend management account for more than 70% of its net revenue. The company enables businesses to manage global payments, issue international invoices, and streamline financial operations from a single platform.
Airwallex’s latest milestone reinforces its reputation as one of the few fintech firms continuing to thrive amid market headwinds — and a standout example of how strategic global expansion can drive long-term value.
