Airwallex Secures $330M Series G, Eyes US Growth and AI Expansion
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Airwallex secures $330M Series G, eyes US growth and AI expansion. Airwallex has raised US$330 million in a Series G funding round led by Addition, with participation from T. Rowe Price, Activant, Lingotto, Robinhood Ventures, and TIAA Ventures. The round values the company at US$8 billion, a roughly 30% increase since its Series F six months ago. The funding will support growth in the US and other key markets, alongside expanded AI recruitment and product development. The company has established a second global headquarters in San Francisco and plans to invest over US$1 billion from 2026 to 2029 to scale US operations, attract talent, and extend its presence. "We believe the future of global banking will be borderless, real-time, and intelligent," "Legacy providers are fundamentally incompatible with how modern businesses operate. We're building a modern alternative, a single platform that powers global banking, payments, billing, treasury, and spend on top of proprietary financial infrastructure. This capital will accelerate our growth, extend our technical leadership, and strengthen our position in the US and across key markets worldwide." Airwallex reported annualised revenue of more than US$1 billion in October, up 90% year-on-year, and annualised transaction volume of over US$235 billion, doubling year-on-year. Around half of its customers use multiple...
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