Airwallex raises $320 million as AI finance race intensifies.
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Airwallex raises $320 million as AI finance race intensifies. Press play to listen to this content Airwallex has raised $320 million at an $11 billion valuation, as the Singapore-based fintech accelerates its push beyond payments into AI-powered financial infrastructure and autonomous finance. Airwallex is doubling down on artificial intelligence after raising $320 million in a Series H funding round that values the global payments and financial platform at $11 billion, up from $8 billion just six months ago. The fresh capital will accelerate the Singapore-based fintech's push into autonomous finance while expanding its regulatory footprint across new markets. The financing round was led by existing investor Addition and attracted support from Baillie Gifford, QED Investors, T. Rowe Price, Hedosophia, Haun Ventures, Amex Ventures and several other institutional investors. According to Airwallex, the proceeds will fund AI-native product development, international expansion and the continued build-out of its financial infrastructure. "We believe this is the most consequential moment in the history of global finance," said co-founder and Chief Executive Jack Zhang. He argued that the company's decade-long investment in licences, local payment networks and settlement infrastructure has positioned Airwallex to capitalise on the emerging "agentic economy, where AI systems...
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Alongside the funding announcement, Airwallex unveiled two new AI initiatives designed to move the company beyond payments.
