Airwallex
Airwallex is an AI-native global financial platform serving approximately 700,000 business accounts across 200+ countries, providing multi-currency accounts, cross-border payments, FX, cards, spend management, billing, and embedded finance infrastructure through its own local payments network and 85+ regulatory licences.
- Company typePrivate
- Founded2015
- HeadquartersSingapore, Singapore
- Headcount1,001–5,000
- GTM typeB2B
- OfferingSoftware
What Airwallex does
Airwallex is an AI-native global financial platform serving 200,000+ businesses (approximately 700,000 accounts as of June 2026) across more than 200 countries. Founded in Melbourne in 2015 by Jack Zhang and Lucy Liu, dual-headquartered in San Francisco and Singapore, the company operates business accounts, multi-currency wallets, FX and transfers, corporate cards, expense and bill pay, payment acceptance (online, plugins, links, and now POS), subscription and usage-based billing, and embedded finance APIs. Its core technology is a proprietary local payments network with direct connections to 100+ country payment systems, allowing 95% of transactions to bypass SWIFT and settle same-day at a 94% rate, materially undercutting correspondent-banking incumbents on cost and speed.
Revenue is generated primarily through transaction fees on payment processing and FX conversion spreads, supplemented by subscription and usage-based billing (Airwallex Billing), interchange on corporate cards, float and partnership fees on Yield treasury management (which surpassed $1B in AUM), and API-driven embedded finance revenue. Distribution spans a self-serve PLG motion for SMBs, direct enterprise field sales for large retailers and SaaS platforms, and B2B2B embedded partnerships with platforms (Canva, Deel, Brex, Afterpay) and telecom operators (Circles). The product stack is unified through AI capabilities including the Expense Policy Agent, Kai assistant, Leapfin's revenue recognition engine, and the recently launched T:0 autonomous finance platform and Airi agentic wallet.
Strategically, Airwallex is investing heavily to evolve from a cross-border payments specialist into a comprehensive financial operating system, with $1.135B committed to EMEA expansion, $1B+ to the US through 2029, and 70%+ headcount growth planned in Singapore by end-2026. The company raised a $320M Series H at an $11B valuation in June 2026, completed three acquisitions in the prior year (OpenPay, Skye Sab Indonesia, Leapfin), and holds 85+ regulatory licences including banking licences in Japan and Class A licences in Malaysia.
Airwallex firmographics
Firmographics- Name
- Airwallex
- Legal name
- Airwallex US, LLC
- Website
- https://airwallex.com
- Company type
- Private
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- Airwallex is an AI-native global financial platform serving approximately 700,000 business accounts across 200+ countries, providing multi-currency accounts, cross-border payments, FX, cards, spend management, billing, and embedded finance infrastructure through its own local payments network and 85+ regulatory licences.
- Ownership category
- akta.pro rank
Airwallex industry classification
Industry- Product category
- Global Cross-Border Payments and Financial Platform
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)
- SIC
- International Affairs (9721)
- akta.pro primary industry
- Cross-Border & FX Payments Platforms (BPAMAFAK)
- akta.pro secondary industries
- Cross-Border FX, Multi-Currency & Treasury for Payments (FSAGABAK), Embedded Payments (Pay-ins, Pay-outs, Wallets) (FSAGALAB), Embedded Deposit Accounts & Digital Wallet Infrastructure (FSAGALAE), Trade & Invoice Payments (Cross-Border B2B) (FSAMAIAL), Cross-Border Payouts & Mass Disbursements (Pay-outs) (FSAMAIAJ), Payables & Disbursements (ACH/SEPA, wires, checks, virtual cards) (FSABAIAB)
Keywords
Where Airwallex is headquartered
LocationHeadquarters
- HQ city
- Singapore
- HQ country
- Singapore
- HQ region
- Asia
Offices8 records
Markets served
Airwallex business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure, Others
Revenue model
- Payment Processing: Transaction fees for processing global payments across 200+ countries with multi-currency support. Core revenue driver with volume-based economics.
- Foreign Exchange Services: FX conversion spreads and fees for currency exchange services across multi-currency wallets. Interbank rates offered with spread markup.
- Subscription/Billing Services: Airwallex Billing platform including invoicing, subscription management, and usage-based billing. Included at no additional cost for existing customers per May 2026 announcement.
- Yield Treasury Management: Money market fund access through Yield product, surpassing $1 billion in global assets under administration. Revenue from float and partnership fees with J.P. Morgan Asset Management.
- Corporate Cards: Multi-currency corporate card issuance with up to 1.5% unlimited cash back for US customers. Interchange revenue and FX fees on international transactions.
- Platform/API Services: Embedded finance infrastructure for platforms and marketplaces through APIs. Programmatic account creation, global payouts, and card issuance at scale.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Integrated platform pricing for cross-border payments |
| Subscription | Monthly | Mellow powered by Airwallex - Contractor Management |
| Other | Monthly | Corporate card cashback for US businesses |
Go-to-market motion4 records
Distribution channels7 records
Marketing channels6 records
Airwallex product offering
Product offeringCore offering
Airwallex provides an AI-native global financial operating system for businesses, offering multi-currency business accounts, cross-border payments, FX & transfers, corporate cards, spend management, global payment acceptance, billing, and embedded finance APIs. The platform serves 200,000+ businesses across 200+ countries, processes $287 billion in annualized transaction volume, and combines proprietary local payment rails with AI agents (T:0, Airi, Expense Policy Agent) to automate treasury, compliance, and back-office finance operations.
Product overview
Airwallex is an AI-native global financial platform and operating system for businesses, offering a unified platform-plus-modules architecture. The core platform encompasses Business Accounts (Global Accounts, FX & Transfers, Corporate Cards), Spend Management (Expense Management, Bill Pay, Purchase Orders), Payments (Checkout, Payment Plugins, Payment Links, POS Payments), Billing (Invoicing, Subscription Management, Usage-Based Billing), and Platform APIs for Embedded Finance (Connected Accounts, Accounts, Payments, Transactional FX, Payouts, Issuing). The platform is distinguished by AI-powered capabilities including the Expense Policy Agent, T:0 autonomous finance platform, Airi agentic wallet, and Kai AI assistant. Additional offerings include Yield treasury management and acquired revenue recognition platform Leapfin. The company serves 200,000+ businesses across 200+ countries, processing $287 billion+ annually, with operations spanning 85+ regulatory licenses.
Differentiator
Problem solved
Functional benefit
Brands
- T:0: AI-native financial platform for autonomous finance that automates bookkeeping, forecasting, taxes, compliance and reporting. Currently in private beta.
- Airi
- Leapfin
- OpenPay
Products and services
- Business Accounts All-in-one business account platform providing global multi-currency accounts, FX & transfers, and corporate card issuance. Enables businesses to receive funds in 20+ currencies, make transfers to 200+ countries at interbank rates, and issue instant multi-currency corporate cards.
- Spend Management AI-powered global spend management platform encompassing corporate cards, expense management, bill pay, and purchase orders. Features include automated receipt extraction, expense categorization, approval workflows, and ERP integrations.
- Payments Global online payment acceptance platform enabling businesses to accept 160+ local payment methods and multi-currency payments like a local merchant. Includes Checkout, Payment Plugins, Payment Links, and POS Payments.
- Billing Global revenue management platform combining invoicing, subscription management, and usage-based billing. Supports 160+ payment methods and settlement in 20+ currencies with automated reconciliation.
- Platform APIs and Embedded Finance Comprehensive API platform enabling businesses to build and monetize their own global financial products including connected accounts, multi-currency accounts, payments, FX, payouts, and card issuance.
- Yield Treasury management solution providing access to AAA-rated money market funds managed by J.P. Morgan Asset Management. Allows businesses to earn returns on idle cash with no minimum lock-up periods. Surpassed $1 billion in global assets under administration.
- T:0 AI-native autonomous finance platform in private beta that automates bookkeeping, forecasting, taxes, compliance, and reporting. Flagship product of Airwallex's rebrand as a financial operating system for agentic commerce.
- Airi Agentic consumer wallet with delegated agent payments and multi-currency capabilities. Enables AI agents to handle purchasing and payments on behalf of users for agentic commerce.
- Leapfin AI-powered revenue recognition and reconciliation platform. Provides financial data management services standardizing operational data for GAAP and IFRS reporting and automating manual accounting tasks. Now integrated into Airwallex's platform following the June 2026 acquisition.
- Airwallex POS Payments Point-of-sale payment acceptance enabling businesses to accept in-person payments across multiple countries via single platform. Includes SoftPOS support and integrates with online payments and back-office functionality.
Quantifiable outcome
- 74% year-over-year annualized revenue growth to $1.3B as of March 2026
- +9 more outcomes
Companies that use Airwallex
Customer profileNamed customers19 records
Segments8 records
Ideal customer profiles4 records
Airwallex technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration7 records
AI capability9 records
Feature6 records
Airwallex partnerships and signals
Strategic signalPartnerships
Ten partnerships are on record, tiered core and supporting.
- MetalcoreTokenized financial product settlement network with Airwallex as co-leading seed round investor and inaugural design partner. Metal provides institutional-grade infrastructure for tokenized financial products natively supporting AI agents, identity verification, and 200-country/90-currency global withdrawal and deposit channels.
- LeapfincoreAcquisition of AI-powered revenue recognition and reconciliation platform. Leapfin provides financial data management that standardizes operational data for GAAP and IFRS reporting and automates manual accounting tasks. Entire team including co-founders joining Airwallex.
- Google (Google Pay)coreGoogle Pay direct checkout partnership making Airwallex the first payment processor for new checkout functionality. Airwallex merchants receive streamlined biometric authentication reducing verification time by 50% and increasing purchase completion rates by 3%.
- MellowsupportingPartnership powering Mellow's Contractor Management product enabling companies to hire, contract, and pay global teams. Airwallex provides cross-border payment capabilities for contractor payments across 150+ countries at flat rate of €35 per contractor per month.
- CirclescoreStrategic global partnership integrating Airwallex's embedded finance solutions (FinX) into CirclesX SaaS platform for telecom operators across 70+ countries. Enables telcos to offer digital banking services including global payouts, travel cards, supplier payments, and expense management without building complex financial infrastructure. Early results show 40% incremental subscriber growth and 10x monthly spend increase.
- J.P. Morgan Asset ManagementcorePartnership for Yield treasury solution providing AAA-rated money market funds to US businesses. J.P. Morgan manages funds while Airwallex provides platform distribution and integration. Product has surpassed $1 billion in global assets under administration.
- OpenPaysupportingAcquisition of Australian BNPL fintech company specializing in billing, subscription management, payment orchestration, and revenue analytics. Broadens Airwallex's product offerings toward full-stack global billing provider.
- VisasupportingVisa supports Airwallex's card offering in Malaysia as part of regulatory approval for e-money issuing and Class A licences.
- EmbursesupportingEmburse Pay platform embeds Airwallex's global payment rails for outbound spend including 180+ cross-border corridors and ACH/virtual card payments.
- Xero, QuickBooks, NetSuitesupportingAccounting software integrations allowing transaction syncing, expense categorization, and bill imports for automated reconciliation.
Scale indicators13 records
Recent moves11 records
Expansion highlights8 records
Airwallex competitors and assessment
Company assessmentDirect peers
- Stripe: Global payments platform offering payment acceptance, business accounts (Stripe Treasury), corporate cards (Stripe Issuing), and embedded finance APIs. Attempted to acquire Airwallex for $1.2B in 2019, indicating direct overlap in cross-border payments and BaaS for SMBs and enterprises.
- Wise (formerly TransferWise): Cross-border money transfer and multi-currency account platform serving both consumers and businesses (Wise Business). Competes directly with Airwallex on FX, international transfers, and multi-currency account infrastructure for SMBs and platforms.
- Adyen: Global payments processor providing unified payment acceptance, FX, and acquiring services to large enterprises. Competes with Airwallex in cross-border payment acceptance, FX, and enterprise treasury/issuing, with a stronger enterprise customer base.
- Revolut: Digital banking and payments platform offering multi-currency accounts, FX, business accounts, and card issuing globally. Competes with Airwallex in the business accounts and cross-border payments space, particularly in EMEA where both have strong presence.
- Brex: Corporate cards and spend management platform serving SMBs and enterprises globally. Competes with Airwallex on multi-currency corporate cards, expense management, and bill pay, with Airwallex's broader FX and cross-border focus differentiating the overlap.
- Mercury: Business banking platform offering multi-currency accounts, corporate cards, and treasury tools for startups and SMBs. Competes with Airwallex on multi-currency business accounts and cross-border financial operations, primarily focused on the US market.
- Checkout.com: Global payments processor providing payment acceptance, FX, and acquiring services with strong enterprise focus. Competes with Airwallex in cross-border payment acceptance, processing, and treasury services for enterprise merchants.
- Marqeta: Card-issuing and payment processing platform enabling fintechs and businesses to launch physical and virtual card programs. Competes with Airwallex's Issuing API product and embedded finance card infrastructure for platform customers.
- Nuvei: Global payments technology provider offering acquiring, card issuing, and cross-border payment services. Competes with Airwallex in cross-border payment processing and acquiring, with particular strength in EMEA and emerging markets.
Broad incumbents
- PayPal: Global incumbent in online payments, FX, and consumer/business transfers (including PayPal World, Xoom, and Braintree). Broad overlap with Airwallex in cross-border payments and merchant services but serves a wider portfolio of use cases including consumer payments.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat8 records
Key risks7 records
Key highlights7 records
Customer concentration
Airwallex social profiles
Digital presenceAirwallex compliance and trust
Trust signalCompliance4 records
Airwallex financial estimates
Financial estimateRevenue estimate
Valuation estimate
Airwallex leadership team
Management profileNumber of profiles
Profiles10 records
Airwallex subsidiaries and ownership
Company hierarchySubsidiaries3 records
Airwallex funding detail
Funding detailFunding overview
Funding rounds17 records
Investors45 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Airwallex M&A and investment
M&A and investmentM&A8 records
Investments7 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Airwallex
What does Airwallex do?
Airwallex provides an AI-native global financial operating system for businesses, offering multi-currency business accounts, cross-border payments, FX & transfers, corporate cards, spend management, global payment acceptance, billing, and embedded finance APIs. The platform serves 200,000+ businesses across 200+ countries, processes $287 billion in annualized transaction volume, and combines proprietary local payment rails with AI agents (T:0, Airi, Expense Policy Agent) to automate treasury, compliance, and back-office finance operations.
Is Airwallex a public or private company?
Airwallex is a private company. It is classified as venture growth investor backed and is currently operating.
When was Airwallex founded?
Airwallex was founded in 2015. It employs 1,001 to 5,000 people.
Where is Airwallex based?
Airwallex is headquartered in Singapore, Singapore, in the Asia region.
How does Airwallex make money?
Six revenue lines are on record. Payment Processing is the primary driver. The others are foreign Exchange Services, subscription/Billing Services, yield Treasury Management, corporate Cards and platform/API Services.
Who are Airwallex's main competitors?
Direct peers on record are Stripe, Wise (formerly TransferWise), Adyen, Revolut, Brex, Mercury, Checkout.com, Marqeta and Nuvei. PayPal is listed as a broad incumbent.
Does Airwallex have an API?
Yes. Airwallex offers a comprehensive REST API enabling developers to build and integrate financial solutions. The API provides programmatic access to core platform capabilities including: Connected Accounts for programmatic account creation and business onboarding; Accounts for multi-currency account management at scale; Payments for global multi-currency payment acceptance; Transactional FX for interbank FX rates and currency management; Payouts for fast, cost-effective global payouts; Issuing for global card issuance; Banking as a Service for full-featured financial products; Global Treasury for collecting, storing, and disbursing funds globally; and Payments for Platforms for end-to-end payment integration. The API supports webhooks and is accessible via the developer documentation portal. Developer documentation is at www.airwallex.com/docs/api#/Introduction.
What industry is Airwallex in?
Airwallex's product category is Global Cross-Border Payments and Financial Platform. Its primary akta.pro industry code is BPAMAFAK, Cross-Border & FX Payments Platforms, with a secondary code of FSAGABAK, Cross-Border FX, Multi-Currency & Treasury for Payments. Its NAICS code is 522320 and its SIC code is 9721.