Airwallex has secured $320 million in a Series H funding round, elevating its valuation to $11 billion—a 38% increase from six months prior—as the fintech company intensifies its focus on artificial intelligence-powered financial software [1]. The round was led by Addition, with participation from Baillie Gifford, Hummingbird, QED Investors, T. Rowe Price, Washington University in St. Louis, and Amex Ventures [1]. Airwallex reported a 74% year-over-year surge in annualized revenue, reaching $1.3 billion in March, and its annualized transaction volume more than doubled over the same period. Notably, over 90% of its revenue is generated from customers utilizing multiple Airwallex products [1].
The company plans to use the new capital to accelerate product development in 'autonomous finance and agentic commerce,' expand its infrastructure and regulatory presence in new markets, and continue growing its teams and AI-native financial software offerings [1]. Airwallex unveiled two new AI-focused products: T:0, an AI-native platform automating corporate finance functions such as bookkeeping, tax, compliance, and reporting (currently in private beta), and Airi, an agentic consumer wallet designed to support delegated agent payments, spending limits, permission controls, and multi-currency balances [1].
Airwallex has obtained more than 85 licenses across North America, Europe, the Middle East, and Asia-Pacific, positioning itself to support the emerging agentic economy. CEO Jack Zhang emphasized that the infrastructure built over the past decade is crucial for this next phase, stating, 'This new capital lets us move faster into Airwallex's next chapter' [1]. Zhang also noted that the new financing could allow the company to delay a public listing, as ongoing investment in AI development has made its margins 'too volatile to go public' [1].
Founded in Australia in 2015, Airwallex provides multi-currency payment services to global businesses such as McLaren, Qantas, Canva, and Shein. The company was previously valued at $8 billion after a $330 million funding round in December, also led by Addition [1]. Airwallex operates from headquarters in San Francisco and Singapore, with 27 offices worldwide, including several in China, and is backed by major Australian and Chinese investors, including Tencent and HongShan Capital [1].
CONCLUSION
Airwallex's substantial Series H raise and increased valuation underscore strong investor confidence in its AI-driven financial strategy and global expansion. The company's rapid revenue growth and product innovation signal significant momentum, while its decision to delay a public listing reflects a focus on further AI development and market positioning. Overall, the event is likely to have a high impact on the fintech sector, given Airwallex's scale and ambitions.