AIRWALLEX

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COMPANY detail

AIRWALLEX
The intelligent financial platform for global businesses

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AIRWALLEX

Company Overview.

Year Founded 2015
Status Private
Specialties Payment Infra , Fintech
Company Size 1001-5000 Employees
Industry Financial Services
Location Singapore, USA

Description.

Airwallex is a leading global financial technology platform providing payment processing, treasury management, spend management, and embedded finance solutions for modern businesses. Founded in 2015 in Melbourne, Australia by CEO Jack Zhang, CTO Jacob Dai, President Lucy Liu, Max Li, and Ki-Lok Wong, who collectively invested $1 million in seed capital after identifying inefficiencies in cross-border payments while running a coffee shop import business, the company has grown to serve over 200,000 businesses globally across 26 offices in 70+ countries. Airwallex processes more than $235 billion in annual global payments volume and facilitates transfers to 120+ countries, with 93% of transfers settled same day and 50% processed instantly. Notable clients include McLaren Racing, Brex, Canva, SHEIN, Rippling, Navan, Qantas, Sheet Society, and Mr Yum.

In December 2025, Airwallex raised a $330 million Series G at an $8 billion valuation — marking a ~30% increase from the prior $6.2 billion valuation set during a Series F in mid-2025 — bringing total funding to $1.5 billion across 14+ funding rounds. Investors include Tencent, DST Global, Sequoia Capital, Salesforce Ventures, Lone Pine Capital, Greenoaks Capital, T. Rowe Price, Addition, Lingotto, Robinhood Ventures, TIAA, Activant Capital, and Mastercard. Airwallex is a principal member of Visa, enabling cardholders to transact in 140+ currencies across 60+ markets. The company is regulated as an Electronic Money Institution by the Dutch Central Bank (DNB) in the Netherlands (licence R179622) and by the Bank of Lithuania, holds PCI DSS Level 1, SOC1, and SOC2 certifications, and in January 2026 became subject to an AUSTRAC-ordered external audit for suspected AML/CTF compliance failures in Australia. The company is cooperating with regulators and stated it had previously completed independent audits in 2024 and 2025. In 2025, Airwallex surpassed $1 billion in annual recurring revenue, marking a significant commercial milestone, and expanded to a dual-headquarters model spanning Singapore and San Francisco.

Key Infrastructure.

Business Accounts
Business Accounts
Multi-currency business accounts enabling businesses to open local currency accounts in 20+ currencies to receive, hold, and manage funds like a local business, with 70+ countries for collection and 120+ countries for transfers
Payments & Checkout
Payments & Checkout
Global multi-currency payment acceptance via 160+ local payment methods, prebuilt checkout forms, payment plugins for Shopify/WooCommerce/Magento, payment links, and POS in-person payments
Corporate Cards
Corporate Cards
Multi-currency Visa corporate cards and employee cards with customizable spend controls, real-time freeze/cancel, expense management, bill pay, and purchase order management with QuickBooks/Xero/NetSuite integrations
Card Issuing API
Card Issuing API
Global Visa card issuance API allowing businesses to programmatically issue virtual and physical multi-currency cards for B2B payments, supplier payouts, gig worker disbursements, and marketplace payouts with 0% international transaction fees
Banking-as-a-Service
Banking-as-a-Service
Full-stack white-label financial product embedding enabling platforms to offer complete banking services including card issuing, connected accounts, multi-currency account management, and shared funds pool with regulatory coverage across jurisdictions
FX & Transfers
FX & Transfers
Interbank FX rates for currency conversions, high-speed global transfers to 120+ countries with 93% same-day settlement and 50% instant processing, plus programmatic payouts API

Additional Features.

Remote Authorization
Authorize or decline transactions in real time using custom rules and return response to Airwallex for card transactions
Yield (Investment)
Competitive returns on EUR, GBP, and USD funds; provided by Airwallex Capital (Netherlands) B.V., regulated by AFM (Netherlands)
Billing & Subscription Management
Automated invoicing with 160+ local payment methods, subscription billing, and usage-based billing for metered consumption
Connected Accounts (Platform)
Programmatic account creation and business onboarding for platforms to white-label Airwallex for their end customers
AI Expense Agents
AI-powered transaction categorization, reconciliation, dispute management, and personalized support across the platform
Payouts API
Programmatic, cost-effective global payouts enabling bulk payments to suppliers, partners, and workers across 120+ countries

General Questions.

Airwallex provides a comprehensive global financial platform for businesses, offering multi-currency business accounts, international payment processing, FX and transfers, corporate card issuing, spend management, billing/invoicing, and a full suite of Platform APIs enabling businesses to embed financial products (BaaS/embedded finance). It processes $235B+ annually and serves 200,000+ businesses across 70+ countries.

B2B businesses across multiple verticals including software/SaaS companies (Brex, Rippling, Canva), eCommerce (SHEIN, Sheet Society), travel/hospitality (Mr Yum, Carwow), marketplaces, fintechs, and enterprises like McLaren Racing. Airwallex targets both large enterprises and SMBs.

Yes — Airwallex holds Electronic Money Institution licenses from Dutch Central Bank (DNB, licence R179622) and Bank of Lithuania, FTBO2 registration in Japan, PJP Category 1 in Indonesia, and operates under AUSTRAC registration in Australia. However, in January 2026, AUSTRAC ordered an external AML/CTF compliance audit — the company is cooperating. PCI DSS Level 1, SOC1, and SOC2 certifications are in place.

None. Airwallex is a fiat-focused financial infrastructure platform. It does not support blockchain or cryptocurrency operations. For TODEY purposes, Airwallex is relevant as a BaaS/card issuing infrastructure provider that crypto companies could use for fiat card programs.

Unverified Team

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