Funding round boosts valuation and U.S. ambitions

Airwallex, a Singapore-based business banking and payments platform, announced a $330 million fundraising in its Series G round. The fresh money places the startup's value at $8 billion, which is a little over a 30% higher than the prior valuation that was in place just six months ago.

Dual headquarters to fuel U.S. growth and AI work

In addition to the capital raise news, Airwallex disclosed that it will have a second international headquarters in San Francisco. The relocation signals the company's determination to grow in the U.S. market. Airwallex is planning to spend over $1 billion to expand its operations in the U.S. between 2026 and 2029. In addition, it wants to double its U.S. headcount to more than 400 employees within the next year.

Strong 2025 performance underpins investor confidence

One of the investments which led to the fresh capital was the increase in Airwallex's revenue. By October 2025 the company's yearly revenue had gone over $1 billion, which is almost 90% higher than the same period the year before. Also, the yearly volume of transactions extended to more than $235 billion, which is twice as much as it was before market. Approximately half of the customers are using more than one product from the platform.

Strategic vision: modern banking infrastructure

Jack Zhang, the CEO, and co-founder remarked that they see “global banking” turning into a model that is borderless, real-time, and intelligent. Airwallex’s goal is to unite the platform that would be the engine for payments, billing, treasury services, expense management, etc. equipped with the wholly-owned infrastructure. The company intends to use the fresh money to not only accelerate AI-powered tools but also to deepen their tech capabilities to be the global partners for businesses.

What to watch next

Pressing forward with their San Francisco HQ will be crucial for Airwallex as they battle it out with other payments and fintech players worldwide. If they decide to go a step further with the expansion, AI-powered product development, and increased business adoption, then global traditional banks will have to deal with a serious ​‍​‌‍​‍‌​‍​‌‍​‍‌challenger.