Global payments and financial platform Airwallex has raised $330million in a Series G funding round, valuing the company at $8billion—a significant 30 per cent increase from its valuation six months ago.
The funding round was led by Addition, with participation from T. Rowe Price Associates, Activant, Lingotto, Robinhood Ventures, and TIAA Ventures. The fresh capital will be used to accelerate the company’s expansion in the United States and other key markets, as well as to drive its ambitious AI roadmap.
Doubling down on the US market
Underscoring its commitment to the US, Airwallex has announced it will establish a second global headquarters in San Francisco. The company plans to deploy more than $1billion between 2026 and 2029 to scale its operations, attract top talent, and expand its brand footprint across North America.
This strategic move places its core product, engineering, and partnership teams at the epicenter of global AI innovation. Airwallex aims to double its US headcount to over 400 employees within the next 12 months.
“We believe the future of global banking will be borderless, real-time, and intelligent,” said Jack Zhang, co-founder and CEO of Airwallex. “Legacy providers are fundamentally incompatible with how modern businesses operate… We’re building a modern alternative, a single platform that powers global banking, payments, billing, treasury, and spend on top of proprietary financial infrastructure.”
Scaling AI-driven financial operations
A significant portion of the new funding will be dedicated to developing specialised AI agents designed to automate complex financial workflows. Airwallex envisions a future where finance departments are “fully autonomous,” with AI agents handling tasks ranging from expense approvals to compliance checks.
“As AI lowers software costs, infrastructure and data become the ultimate differentiator,” Zhang added. “Airwallex connects the full spectrum of a customer’s financial operations – money in, money out, and everything in between, giving our agents the contextual data to execute with precision.”
The first wave of these AI tools is already rolling out. The ‘Expense Submission Agent’, now live, automates receipt collection and categorisation. An ‘Expense Policy Agent’, launching soon, will verify receipt validity and flag policy violations for manual review.
Strong financial momentum
The funding follows a period of rapid growth for Airwallex. In October, the company’s annualised revenue surpassed $1billion, up 90 per cent year-on-year, while annualised transaction volume doubled to more than $235billion.
Lee Fixel at Addition commented on the investment: “The traditional financial system wasn’t built for borderless businesses, and Airwallex is uniquely equipped to solve this challenge. With its global financial infrastructure, software and AI capabilities, the company is exceptionally well positioned to lead the future of global business banking.”
Founded in Melbourne in 2015, Airwallex now holds 80 licenses and permits worldwide, enabling operations in over 200 countries and regions.