Airwallex Soars to $11 Billion Valuation with Latest Funding Round

In a significant boost to its growth plans, Airwallex has secured $320 million in its latest funding round, propelling the company's valuation to $11 billion. This represents a substantial 38% increase from its valuation just six months ago. The funding round, led by New York-based venture capital firm Addition, saw participation from notable investors including Baillie Gifford, Hummingbird, and Amex Ventures. Airwallex's annualized revenue has surged 74% to $1.3 billion, with transaction volume more than doubling over the past year. Notably, over 90% of the company's revenue comes from customers utilizing multiple Airwallex products. The fresh capital will be utilized to accelerate the development of autonomous finance and agentic commerce solutions, expand the company's regulatory footprint, and bolster its teams working on AI-native financial software. Airwallex provides multi-currency payment services to prominent global businesses and has obtained more than 85 licenses across various regions. The company has also announced the introduction of two new AI-focused products: T:0, an AI-native platform for automating corporate finance functions, and Airi, an agentic consumer wallet. With this investment, Airwallex is poised to further strengthen its position in the financial technology sector. According to co-founder and CEO Jack Zhang, the new funding enables the company to move faster into its next phase of growth, leveraging its extensive infrastructure to support the emerging agentic economy. As Airwallex continues to expand its operations, it has faced scrutiny over its ties to China, which the company has vehemently denied, emphasizing the security and storage of its American customers' data within the U.S.