In a significant milestone for the fintech industry, Airwallex has announced its Series F funding round, bringing the company's total raised capital to an impressive $1.2 billion. This latest investment values the cross-border payment infrastructure pioneer at $6.2 billion, reinforcing its position as one of the most valuable fintech companies globally.
A Vision for Borderless Finance
Since its founding in 2015, Airwallex has been on a mission to eliminate financial friction in global commerce. What began as an initiative to make cross-border payments faster, cheaper, and more transparent has evolved into a comprehensive reimagining of the global financial system.
The company identified fundamental flaws in international payments—slow processing times, hidden fees, and unnecessary complexities—that were more than mere inconveniences; they were significant barriers preventing businesses from achieving global scale. Rather than applying incremental fixes to these problems, Airwallex took a first-principles approach, building their infrastructure from the ground up.
The Airwallex Journey: Three Chapters of Innovation
Chapter One: Building Cross-Border Infrastructure
Airwallex's first chapter focused on creating a unique cross-border payment infrastructure. Through a methodical, hyper-local approach spanning nearly a decade, the company established itself country by country, forming strategic partnerships and securing direct connections worldwide. From a single license in Australia, Airwallex has expanded to hold more than 60 licenses globally.
The company also cultivated direct relationships with major card schemes like Visa and Mastercard, becoming a principal issuer and acquirer in many markets. This foundational work now enables customers to move money in real-time or near real-time across more than 150 countries, access interbank FX rates in over 60 currencies, and save up to 80% on foreign exchange fees.
Chapter Two: Integrated Financial Software
Building on its robust infrastructure, Airwallex developed a tightly integrated software stack that operates seamlessly across currencies and borders. This comprehensive platform includes spend management tools, high-interest multicurrency accounts, and specialized APIs designed for enterprise-level financial operations.
The platform streamlines the entire financial workflow—from vendor onboarding and bill submission to approval, FX conversion, payout, and reconciliation across global entities. Much of this process is automated, integrating smoothly into monthly business cycles with minimal manual effort.
What once began primarily as a cross-border infrastructure business has evolved into a company that powers a much greater portion of its customers' financial operations.
Chapter Three: The AI-Powered Future
Airwallex is now entering its third chapter, focused on leveraging artificial intelligence to revolutionize financial operations. The company envisions a future where AI can autonomously manage entire finance functions—moving beyond assistance to full automation.
This transformation promises to fundamentally change how companies are built, funded, and scaled. While specific details about these AI advancements are forthcoming, Airwallex is already integrating AI capabilities to enhance efficiency, improve decision-making, and reduce friction across its platform.
Empowering Global Entrepreneurs
At its core, Airwallex remains committed to supporting entrepreneurs and business builders—a reflection of its own entrepreneurial origins. The company aims to provide the next generation of business leaders with a global banking platform that's technology-driven and adaptable to changing needs.
With the additional capital from this Series F round, Airwallex is positioned to expand into new markets, develop innovative use cases, and support more builders worldwide in their quest for global growth.
What's Next
The successful Series F funding round represents not just a financial milestone but a vote of confidence from investors who share Airwallex's vision for the future of global banking. As financial services continue to evolve in our increasingly borderless economy, Airwallex stands at the forefront of innovation, working to eliminate the obstacles that have traditionally hindered international commerce.
For businesses looking to compete on a global scale, Airwallex's continued growth and development of its platform represents an exciting opportunity to access financial tools specifically designed for today's global marketplace.