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Melbourne-founded fintech Airwallex has seen a 30 per cent lift for its valuation in just six months as its funding rounds continue to make their way down the alphabet, with a US$330 million ($497 million) Series G giving the group an US$8 billion ($12 billion) valuation.
The Singaporean-headquartered company has set up a second headquarters in San Francisco as part of the raise, which was led by Addition with new participation from T. Rowe Price, Activant, Lingotto, Robinhood Ventures and TIAA Ventures.
Airwallex has risen to global prominence over the past two years thanks to both its business and key exposure to consumers through a multi-year sponsorship deal with the McLaren Formula 1 team since early 2024, and a similar deal with current Premier League leaders Arsenal that was announced in July.
The group has committed US$1 billion ($1.5 billion) to scale its US operations between 2026 and 2029, with plans to double its headcount in the US to more than 400 employees over the next 12 months, while expanding its physical and brand footprint.
This commitment is equivalent to the annualised revenue level Airwallex surpassed in October, up 90 per cent year on year while annualised transaction volume doubled to more than US$235 billion. The group currently has a global workforce of more than 2,000 people and plans to grow the team by 50 per cent by the end of 2026.
"We believe the future of global banking will be borderless, real-time, and intelligent," says Airwallex co-founder and CEO Jack Zhang.
"Legacy providers are fundamentally incompatible with how modern businesses operate, and our investors understand that we're pulling ahead in the race to define this category.
"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 U.S. and across key markets worldwide."
While it rapidly expands its human team, Airwallex is also building a team of specialised AI agents to execute real financial workflows, which it claims lays the foundation for a fully autonomous finance department.
These agents leverage contextual signals across payments, treasury, and spend activity to automate high-value, multi-step operations - from expense approvals and policy checks to end-to-end task orchestration. Hundreds of purpose-built agents will soon expand across the platform, enabling businesses to operate with greater speed, accuracy, and significantly less manual effort.
"As AI lowers software costs, infrastructure and data become the ultimate differentiator," adds Zhang.
"Airwallex connects the full spectrum of a customer’s financial operations – money in, money out, and everything in between, giving our agents the contextual data to execute with precision. This proprietary visibility, built on our scalable financial infrastructure, is what powers agentic finance."
Addition's Lee Fixel claims Airwallex is "reshaping the global business banking landscape".
"The traditional financial system wasn’t built for borderless businesses, and Airwallex is uniquely equipped to solve this challenge," says Fixel.
"With its global financial infrastructure, software and AI capabilities, the company is exceptionally well positioned to lead the future of global business banking."
Airwallex previously raised US$300 million in May, half of which reportedly came through secondaries, giving it a US$6.2 billion valuation.
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