🌐
Airwallex: Building the financial backbone for global businesses
Airwallex has secured a $300 million Series F funding round, elevating its valuation to $6.2 billion. The round includes $150 million in secondary share sales and features investors such as Visa Ventures, Salesforce Ventures, Square Peg, DST Global, Lone Pine Capital, Blackbird, Airtree, and several large Australian pension funds.
✅
Key highlights of the funding round
• Total funding raised: $300 million, with $150 million in secondary share sales
• Valuation: $6.2 billion
• Notable investors: Visa Ventures, Salesforce Ventures, Square Peg, DST Global, Lone Pine Capital, Blackbird, Airtree, and several large Australian pension funds
• Total funding to date: Over $1.2 billion
• Employee count: Over 1,700 across 26 offices globally
🌎
Strategic expansion plans
• Targeting new markets: Japan, Korea, the UAE, and Latin America
• Enhancing go-to-market teams in North America, Europe, and Southeast Asia
• Recent expansions include a permanent U.S. headquarters in San Francisco, new offices in New York and Toronto, and operations in Latin America, including a soon-to-launch service in Brazil and the acquisition of Mexican payment firm MexPago.
📈
Business growth and performance
• Annual revenue run rate: On track to surpass $1 billion in 2025, up from $720 million as of March
• Gross profit CAGR: Over 250% across the Americas and Europe over the past four years
• Customer base: Over 150,000 businesses, including Brex, BILL, Deel, Rippling, Navan, and Qantas
• Customer growth: 50% increase in 2024
⚙️
Platform capabilities
• Services: Global business accounts, multicurrency cards, embedded finance APIs
• Transaction processing: Enables fund transfers across more than 150 countries, with 68% of transactions processed instantly and 95% arriving within hours
• Infrastructure: Built direct integrations with local clearing systems and card networks in over 60 countries
With this significant funding and strategic partnerships, Airwallex is poised to redefine global banking infrastructure, empowering businesses to operate seamlessly across borders.
📊
Powered by V3V Ventures