Fintech startup Airwallex hits $6.2B valuation with $300M raise from Visa and Salesforce to fuel global expansion

Airwallex, the Melbourne-born fintech that built its name on cross-border payments, has raised $300 million in a Series F round, pushing its valuation to $6.2 billion. The round includes $150 million in secondary share sales and features some heavy hitters: Visa Ventures, Salesforce Ventures, Square Peg, DST Global, Lone Pine Capital, Blackbird, Airtree, and several large Australian pension funds.
Both Visa and Mastercard are now on the cap table, a rare show of alignment between two payment giants that are usually competitors.
Airwallex Raises $300M Series F at $6.2B Valuation to Accelerate Global Expansion
The new funding will help Airwallex expand into Japan, Korea, the UAE, and more of Latin America. It will also support go-to-market teams across North America, Europe, and Southeast Asia.
The funding comes less than a year after Tencent-backed Airwallex hit a $500 million annual revenue run rate, fueled by strong growth in North America and Europe.
Founded in 2015 by Jack Zhang, Airwallex started as a cross-border payments provider but has grown into a global financial platform with customers in over 150 countries. It now offers everything from global business accounts and multicurrency cards to embedded finance APIs. The company says it’s on track to cross $1 billion in annualized revenue this year, up from $720 million as of March, marking a 90% year-over-year jump.
Airwallex now serves over 150,000 businesses, including big names like Brex, BILL, Deel, Rippling, Navan, and Qantas. The customer base grew 50% in 2024 alone.
Jack Zhang, co-founder and CEO of Airwallex, didn’t hold back on the company’s ambitions:
“The global financial system wasn’t built for today’s borderless economy. Too many businesses are held back by legacy infrastructure that’s slow, costly, and fragmented. At Airwallex, we’re building a new foundation for the global economy – one that’s fast, seamless, and built for scale. This investment marks a major milestone in our journey to redefine global banking and to empower businesses everywhere to grow without limits.”
Much of the recent growth has come from the Americas and Europe, where the company reports a four-year CAGR of over 250% in gross profit. Airwallex recently moved into a permanent U.S. headquarters in San Francisco, opened offices in New York and Toronto, and expanded operations across Latin America, including a soon-to-launch service in Brazil and the final stages of acquiring Mexican payment firm MexPago.
It’s also making moves in Europe and the Middle East. The company opened a new office in Paris, added leadership hires in London and Amsterdam, and hired its first staff in the UAE. Israel is seeing growth as well.
Beyond growth, the company is focused on refining its financial infrastructure. Airwallex has built direct integrations with local clearing systems and card networks in over 60 countries. This lets customers send and receive funds across more than 150 countries—68% of those transactions are processed instantly, and 95% arrive within hours.
The platform isn’t just about moving money. Businesses use Airwallex to manage accounts, accept payments in local currencies, issue cards to employees, and integrate financial services directly into their products using APIs.
The company now employs more than 1,700 people across 26 offices globally, with headquarters in Singapore. This latest raise brings Airwallex’s total funding to over $1.2 billion.
With fresh capital and two of the world’s biggest payment networks backing it, Airwallex is doubling down on its bet: that the next generation of global businesses won’t bank the way their predecessors did.
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