The Airwallex logo appears on a laptop computer screen in this photo illustration in Athens, Greece, on December 8, 2025.
Nikolas Kokovlis | Nurphoto | Getty Images
Airwallex has raised $320 million in a Series H funding round, valuing the global payments company at $11 billion, a 38% leap from just six months ago, as the fintech firm doubles down on artificial intelligence-powered financial software.
The latest funding round was led by New York venture capital firm Addition, with investment from funds including Baillie Gifford, Hummingbird, QED Investors, T. Rowe Price, Washington University in St. Louis and Amex Ventures.
Airwallex also reported its annualized revenue surged 74% from a year ago to $1.3 billion in March, while annualized transaction volume more than doubled from a year earlier. More than 90% of its revenue came from customers using more than one Airwallex product, the company said.
The company plans to use the funds to accelerate product development in autonomous finance and agentic commerce, expand its regulatory footprint into new markets, and grow the teams building its next-generation AI-native financial software.
Airwallex provides multi-currency payment services to global businesses, including McLaren, Qantas, Canva and Shein. The company was last valued at $8 billion after raising $330 million in a December funding round also led by Addition.
Alongside the raise, the company also announced two new AI-focused products.
One, called T:0, is an AI-native platform designed to automate corporate finance functions, including bookkeeping, tax, compliance and reporting. The product is currently in private beta and could be made more widely available in the coming weeks.
The second product, Airi, is an agentic consumer wallet that Airwallex said will eventually support delegated agent payments, spending limits, permission controls and multi-currency balances.
Airwallex has obtained more than 85 licenses across North America, Europe, the Middle East, and Asia-Pacific, which it said positions it to support the emerging agentic economy.
“The licenses, local network integrations, and settlement rails we spent ten years constructing are precisely the kind of infrastructure it needs,” co-founder and CEO Jack Zhang said in a statement. “This new capital lets us move faster into Airwallex’s next chapter.”
Zhang told the Australian Financial Review in a recent interview that the new financing could allow the company to delay a public listing, as investment in AI development has made its margins “too volatile to go public.”
Founded in Australia in 2015, Airwallex has faced growing scrutiny over its ties to China. The company, headquartered in San Francisco and Singapore, has 27 offices globally, including in Shanghai, Beijing and Shenzhen, and is backed by Australian venture capital firms and Chinese investors, including Tencent and HongShan Capital, formerly known as Sequoia China.
In December, prominent Silicon Valley investor Keith Rabois, who is also a board member of rival U.S. fintech Ramp, accused Airwallex of being a “Chinese backdoor into sensitive American data.”
The company has rejected those allegations. Zhang, in a recent statement, described them as “wild and totally unfounded conspiracy theories,” saying American customers’ data is stored in the U.S. and inaccessible to staff based in China or Hong Kong.
