Fintech Airwallex secures $320 million in new funding round at $11 billion valuation

Payments firm Airwallex said on Friday it raised $320 million at a valuation of $11 billion, marking a near 38% jump from its previous financing late last year, with eyes on expanding its global footprint and ‌AI ⁠offerings.

Here are ⁠some details:

The funding brought Airwallex's total funding ​to $1.8 billion as of June, according to its website.


"The investment will help Airwallex accelerate product development across autonomous finance and agentic commerce," the fintech firm said.

Airwallex also announced two ⁠new product ‌offerings: a platform automating bookkeeping ​and compliance ​for businesses, and a consumer digital ⁠wallet.

Earlier in the year, the company ​acquired South Korea's Paynuri, securing local ​payments licences and a foreign-exchange business registration to operate directly in the country.

In March, the company reached $1.3 billion in annualised revenue, up 74%, and $287 billion in annualised transaction ‌volume, more than double the previous year.

Airwallex, founded in Melbourne in ​2015 and ​co-headquartered in ⁠San Francisco and Singapore, holds more than 85 licenses across continents and caters to more than 676,000 ​businesses, according to its statement.

The latest round of funding was anchored by New York-based venture capital firms Addition, T. Rowe Price, and Hummingbird, among others.