Airwallex Aims for IPO by 2026: AI Offensive Despite Hurdles
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The Australian fintech unicorn Airwallex is actively preparing for a potential IPO. Lucy Liu, the company's President, outlines the strategy for achieving IPO readiness in interviews. The optimization of internal processes and compliance structures is a priority. Airwallex is increasingly positioning itself as an AI-native financial operating system, focusing on autonomous financial services and "agentic commerce". Airwallex was founded in Melbourne in 2015 and has relocated its main offices to Singapore and San Francisco. The company employs over 2,300 people worldwide across 27 offices. By the end of 2026, Airwallex plans to increase its workforce in Singapore by over 70 percent to almost 800 employees; currently, nearly 700 full-time employees work there. The company's current valuation is 11 billion US dollars. In December, Airwallex closed a funding round of 330 million US dollars. A Series H round followed in late June or early July with an additional 320 million US dollars. Investors in the recent round include Addition (lead investor), Baillie Gifford, T. Rowe Price, Amex Ventures, and Washington University in St. Louis. Previously, Visa, Mastercard, Robinhood Ventures, Sequoia, Salesforce Ventures, DST Global, and Lone Pine Capital had already invested. Airwallex reports an annualized revenue (run rate revenue) of over 1 billion US dollars. According to Sacra's...
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