Airwallex raises US$320 million Series H round, aims to be IPO-ready this year

[SINGAPORE] Payments platform Airwallex said on Thursday (Jun 25) that it has raised a US$320 million Series H funding round, bringing its valuation to US$11 billion.

The round was led by existing investor venture capital firm Addition, along with T- Rowe Price and Amex Ventures – American Express’ corporate venture arm – among others.

The Singapore and San Francisco dual-headquartered Airwallex previously raised a US$330 million Series G funding round in December 2025 at a US$8 billion valuation.

The funds will be used to accelerate product development, expand infrastructure and licences in new markets, and scale up teams building AI-native financial software. The payments platform currently has more than 85 licences from financial regulators across the globe.

Airwallex is looking to expand its Singapore headcount by over 70 per cent by the end of 2026. It currently has over 650 employees here.

“We will continue to double down on our Singapore investment, building teams here across commercial, product and global functions,” said Arnold Chan, Asia-Pacific general manager at Airwallex.

The payments platform is spending this year getting IPO ready, and is in a good financial position to do so, he said. Airwallex is cash-flow-positive with deep reserves after the multiple rounds of fundraising, he added.

“We are not under pressure to list, and when we do, it’ll be driven by the right factors including market conditions, rather than an arbitrary timeline,” said Chan.

The decision on any listing venue will be driven by what best serves their long-term shareholders and operational needs, he said.

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Airwallex raises US$330 million Series G funding round led by Addition

As part of the expansion into autonomous finance and agentic commerce, Airwallex is also announcing two new products, T:0 and Airi.

T:0 is an AI finance platform designed to run the finance functions of a business, from bookkeeping to forecasting, taxes and compliance. Airi is an agentic wallet that allows consumers to save their payment details for a one-click checkout online.

As at March 2026, Airwallex has hit US$1.4 billion in annualised revenue and US$287 billion in annualised transaction volume – up 74 per cent and 120 per cent, respectively, year on year. More than 90 per cent of the group’s revenue comes from customers using more than one Airwallex product.

US Senator Tom Cotton has accused Airwallex of having deep ties with the Chinese government, saying that it could potentially pass information to Chinese intelligence services.

The company has stated that it has complied with the necessary US regulations to operate within the country’s financial system.

“We comply with all applicable laws and regulations in every market where we operate, including the US and China, and maintain regionally based teams to manage distinct regulatory and operational requirements in the appropriate jurisdictions.”

Chan said: “Our US customer data is stored in the US and cannot be accessed by staff in China and Hong Kong, and we have been independently verified by third-party assessment organisations that our data security programme goes beyond the minimum requirements.”