Airwallex, a global payments platform, has completed a $300 million Series F funding round, valuing the company at $6.2 billion, it announced yesterday.
The round, which included $150m in secondary share transfers, brings total funding to over $1.2bn.
Investors included Square Peg, DST Global, Lone Pine Capital, Blackbird, Airtree, Salesforce Ventures, and Australian pension funds, with Visa Ventures joining strategically.
Airwallex plans to expand global infrastructure into new markets like Japan, Korea, UAE, and Latin America, and accelerate efforts in Europe, North America, and Southeast Asia.
“The global financial system wasn’t built for today’s borderless economy,” said chief executive Jack Zhang.
The company reported $720m in annualised revenue by March 2025, up 90 per cent year-over-year, and exceeded $130bn in global annualised payments volume. Its customer base grew 50pc in 2024 to 150,000 businesses, with a projected $1bn annual run rate revenue in 2025.
Airwallex has seen accelerated growth in the Americas and EMEA, with gross profit CAGR over 250pc in both regions. It established a US headquarters in San Francisco in 2024 and opened new offices in New York, Toronto, and Paris. It also made initial hires in the UAE (Abu Dhabi and Dubai) and expanded in Israel.
With a Brazil payment institution license and approval to acquire Mexico’s MexPago, Airwallex is set to launch in Latin America’s largest economies.
The company’s tech-led infrastructure allows customers to generate local account numbers in over 60 countries and send/receive funds across more than 150. Airwallex states 95pc of transactions arrive within hours or same day, with 68pc instant.
Its platform offers global business accounts, payments with over 160 local methods, AI-powered spend management, and platform APIs for embedded financial services.
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