Airwallex

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.

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

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

• Cross-border payments
• Multi-currency business accounts
• Embedded finance APIs
• Corporate spend management
• Global treasury management

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices8 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure, Others

Revenue model

1. Payment Processing: Transaction fees for processing global payments across 200+ countries with multi-currency support. Core revenue driver with volume-based economics.
2. Foreign Exchange Services: FX conversion spreads and fees for currency exchange services across multi-currency wallets. Interbank rates offered with spread markup.
3. 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.
4. 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.
5. 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.
6. Platform/API Services: Embedded finance infrastructure for platforms and marketplaces through APIs. Programmatic account creation, global payouts, and card issuance at scale.

Pricing tiers

Go-to-market motion4 records

Distribution channels7 records

Marketing channels6 records

Core 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

Named customers19 records

Segments8 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

AI capability9 records

Feature6 records

Partnerships

Ten partnerships are on record, tiered core and supporting.

• MetalcoreStrategic or Co-development Partner · 27 June 2026Tokenized 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.
• LeapfincoreTechnology or Integration · 5 June 2026Acquisition 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)coreTechnology or Integration · 4 June 2026Google 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%.
• MellowsupportingChannel Partner/ Reseller/ Distributor · 23 May 2026Partnership 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 or Co-development Partner · 17 March 2026Strategic 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 ManagementcoreTechnology or Integration · 9 March 2026Partnership 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.
• OpenPaysupportingTechnology or Integration · 1 September 2025Acquisition 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.
• VisasupportingTechnology or IntegrationVisa supports Airwallex's card offering in Malaysia as part of regulatory approval for e-money issuing and Class A licences.
• EmbursesupportingTechnology or IntegrationEmburse Pay platform embeds Airwallex's global payment rails for outbound spend including 180+ cross-border corridors and ACH/virtual card payments.
• Xero, QuickBooks, NetSuitesupportingTechnology or IntegrationAccounting software integrations allowing transaction syncing, expense categorization, and bill imports for automated reconciliation.

Scale indicators13 records

Recent moves11 records

Expansion highlights8 records

Direct 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

• Xx.com/airwallex
• Facebookfacebook.com/airwallex
• LinkedInlinkedin.com/company/airwallex

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries3 records

Funding overview

Funding rounds17 records

Investors45 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A8 records

Investments7 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Airwallex