This photo illustration shows the Airwallex logo on a laptop computer screen on December 8, 2025 in Athens, Greece.
Nicholas Cocobris | Null Photo | Getty Images
Airwallex has raised $320 million in a Series H funding round, valuing the global payments company at $11 billion, a 38% jump from just six months ago, as the fintech company doubles down on its development of artificial intelligence-powered financial software.
The latest round of funding 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 a 74% year-over-year increase in annualized sales to $1.3 billion in March, with annualized transaction volume more than doubling year-over-year. The company said more than 90% of its revenue came from customers using multiple Airwallex products.
The company plans to use the funding to accelerate product development in autonomous finance and agent commerce, expand its regulatory reach into new markets, and grow its team to build the next generation of AI-native financial software.
Airwallex provides multicurrency payment services to global companies such as McLaren, Qantas, Canva, and Shein. The company raised $330 million in a December funding round also led by Addition, giving it a final valuation of $8 billion.
At the same time, the company also announced two new AI-focused products.
One is called T:0, an AI-native platform designed to automate corporate finance functions such as bookkeeping, tax, compliance, and reporting. This product is currently in private beta and may become more widely available in the coming weeks.
The second product, Airi, is an agent-based consumer wallet that will ultimately support payments by delegated agents, spending limits, permission controls, and multi-currency balances, Airwallex said.
Airwallex has more than 85 licenses in North America, Europe, the Middle East and Asia Pacific, and the company says it is positioned to support the emerging agent economy.
“The licensing, local network integration, and payment rails we’ve spent 10 years building are exactly the kind of infrastructure the company needs,” co-founder and CEO Jack Chan said in a statement. “This new capital will allow us to move faster into Airwallex’s next chapter.”
In a recent interview with the Australian Financial Review, Mr Zhang said the new funding could delay the company’s listing because its investment in AI development had made its profit margins “too volatile for a listing”.
Airwallex, founded in Australia in 2015, has faced intense scrutiny over its ties to China. The company is headquartered in San Francisco and Singapore, has 27 offices around the world including 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, Keith Lavoie, a prominent Silicon Valley investor and director of rival US fintech Lamp, accused Airwallex of being a “Chinese backdoor to sensitive US data.”
The company rejected those claims. In a recent statement, Zhang described these as “wild and completely baseless conspiracy theories” and said that American customer data is stored in the United States and cannot be accessed by staff based in China or Hong Kong.
