Airwallex Raises 300 Million in Series F Funding Aiming for Global Expansion and Business Empowerment
A global leader in payments and financial services, Airwallex has recently elevated its funding total to an impressive $1.2 billion following a substantial $300 million Series F funding round. This latest round included $150 million in secondary share transfers. The freshly acquired funds are strategically set to bolster Airwallex's global infrastructure, facilitating entry into new markets while refining and scaling its innovative software solutions that allow businesses to operate seamlessly from anywhere at any time.
With a current valuation of $6.2 billion, Airwallex has attracted an array of notable investors, including various pension funds from Australia, Square Peg, DST Global, Lone Pine Capital, Blackbird, Airtree, Salesforce Ventures, and Visa Ventures.
The Road to Success
Airwallex has demonstrated remarkable growth, achieving $720 million in annualized revenue by March 2025, marking a significant increase of 90 percent year-over-year. Furthermore, the company surpassed $130 billion in global annualized payments volume, and its customer base expanded by 50 percent in 2024, now serving 150,000 businesses across the globe. Expectations are high for 2025, with projections indicating a potential reach of $1 billion in annual run rate revenue.
Regional Success
The growth trajectory of Airwallex has been particularly pronounced in the Americas and EMEA regions over the past four years, with gross profit enjoying a compound annual growth rate (CAGR) exceeding 250 percent in both regions. In 2024, the company established a permanent headquarters in San Francisco and recently inaugurated new offices in New York and Toronto.
With the acquisition of a payment institution license in Brazil, along with the successful acquisition of MexPago—a Mexico-based payment service provider—Airwallex is set to extend its services into Latin America’s two largest markets. In Europe, the firm has broadened its presence by opening a new office in Paris and enhancing its team with key hires in London and Amsterdam. Additionally, Airwallex has made significant inroads into the Middle East, marking its first hires in the United Arab Emirates, specifically in Abu Dhabi and Dubai, while continuing to strengthen its position in Israel.
The latest funding round will empower Airwallex to further expand its financial infrastructure across new markets, including Japan, Korea, the UAE, and Latin America, as well as accelerate its go-to-market strategies.
