Airwallex, founded by Jack Zhang is on track to reach a $1b revenue in 2025, and has just completed a $300 million Series F funding round at a $6.2 billion valuation.
Investors
Series F investors include: Square Peg, DST Global, Lone Pine Capital, Blackbird, Airtree, Salesforce Ventures, and Visa Ventures with participation from several leading pension funds in Australia.
Airwallex has a great Vision
To create the largest money movement network
in the world to completely displace Swift!
(See full podcast with Jack Zhang below)
What Airwallex does
Airwallex is a global payments and financial platform for modern businesses with a mission to redefine global banking, and to empower businesses everywhere to grow without limits.
“The global financial system wasn’t built for today’s borderless economy,” said Jack Zhang, co-founder and CEO of Airwallex. “Too many businesses are held back by legacy infrastructure that’s slow, costly, and fragmented. At Airwallex, we’re building a new foundation for the global economy – one that’s fast, seamless, and built for scale.”
Airwallex has built a tech-led global financial infrastructure from the ground up, with direct integrations into local clearing systems and card networks, and one of the most comprehensive licensing portfolios in fintech.
This proprietary network gives Airwallex’s customers the unique ability to instantly generate local account numbers in 60+ countries and to send and receive funds across more than 150 countries, faster and more efficiently than traditional banks. Today, 95% of Airwallex transactions arrive within a few hours or the same day – 68% are processed instantly.
- Global Business Accounts: An all-in-one multi-currency account to manage global banking, FX conversion, and international transfers and to earn competitive rates on stored funds.
- Payments: Helping businesses accept online and in-store payments from their customers around the world with cards and 160+ local payment methods, all with a localized, multi-currency shopping experience.
- Spend: Giving customers a single platform to efficiently manage all types of company spend across their global business, including multicurrency corporate and employee cards, expense management, and bill payments – all powered by AI.
- Platform APIs & Embedded Finance: Delivering Airwallex’s financial capabilities via API to tech-forward companies and marketplaces that want to embed and monetize financial services on their own platforms.
Rapid Growth and Global Expansion
The company grew its customer base by 50% in 2024 – now serving 150,000 businesses worldwide. In 2025, Airwallex expects to hit $1 billion in annual run rate revenue.
In 2024, Airwallex moved into a permanent U.S. headquarters in San Francisco and recently opened new offices in New York and Toronto.
Following the receipt of a payment institution license in Brazil and approval to close its acquisition of MexPago, a Mexico-based payment service provider, Airwallex is poised to launch services in Latin America’s two largest economies.
In Europe, Airwallex recently opened a new office in Paris and made a series of senior hires in London and Amsterdam. In the Middle East, Airwallex made its first hires in the United Arab Emirates – in both Abu Dhabi and Dubai – and continued to grow strongly in Israel.
Airwallex will use the funding to continue expanding its financial infrastructure into new markets including Japan, Korea, the UAE, and Latin America, and to accelerate go-to-market efforts in Europe, North America, and South East Asia.
Airwallex is well on the way to provide a global financial infrastructure to power the future of banking
Interview with Jack Zhang and Brex by and Marcel van Oost of HD in HD
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