Airwallex
Payments and financial platform founded in Melbourne in 2015, with co-headquarters in San Francisco and Singapore. It raised a USD 320 million Series H at a USD 11 billion valuation in June 2026.
Industry: Global payments and business banking | Location: San Francisco, United States | Founded: 2015 | Total Funding: USD 730M
About Airwallex
Airwallex is a global payments and financial platform that offers cross-border payments, multi-currency accounts, payment acceptance, corporate cards and business banking to companies of all sizes. It was founded in Melbourne, Australia, in 2015 by Jack Zhang, Max Li, Lucy Liu, Xijing Dai and Ki-lok Wong. Zhang remains co-founder and chief executive. Wikipedia lists its headquarters as San Francisco and Singapore, while the company's recent announcements describe a London headquarters for its finance leadership. The company has raised money steadily as it has scaled. It closed a US$300 million Series F in 2025 at a valuation of US$6.2 billion, followed in December 2025 by a US$330 million Series G at US$8 billion, led by Addition with participation from Activant, Lingotto, TIAA Ventures, T. Rowe Price and Robinhood Ventures, according to reports at the time. In June 2026 it announced a US$320 million Series H, again led by returning investor Addition, which lifted its valuation to US$11 billion. Other participants named in coverage included Baillie Gifford, Hedosophia, Haun Ventures, Hummingbird, QED Investors, T. Rowe Price and Amex Ventures. Airwallex has said it is committing roughly US$1.1 billion to expansion across Europe, the Middle East and Africa, including plans to hire about 100 senior engineers in the United Kingdom and the Netherlands. The company has reported annualised revenue of US$1.3 billion, up 74 percent year on year, and annualised transaction volume of US$287 billion. Earlier in 2026 it cited more than 250,000 customers. In June 2026 Airwallex acquired Leapfin, a San Francisco financial data automation company focused on revenue recognition and reconciliation. Airwallex said the deal would let finance teams take transaction data through to GAAP-ready financial statements in a single record-to-report process. Terms were not disclosed. The same month the company appointed Pranav Sood as chief financial officer, succeeding Kai Wu, who became chief revenue officer. Sood had earlier led the company's operations in Europe, the Middle East and Africa before joining Bain Capital's growth equity arm as an operating partner, and he returned to oversee finance, corporate development and operations globally from London. The appointment was widely read as preparation for a future stock market listing, though the company has not announced one. In the Gulf, Airwallex received in-principle approval from the Central Bank of the UAE in 2025 for Stored Value Facilities and Retail Payment Services licences, and said it would invest about US$43 million (AED 158 million) in the UAE over five years, mainly in Dubai. It has also set up a Saudi Arabian entity and partnered with Tabby to offer buy-now-pay-later checkout in the UAE and Saudi Arabia. Chief executive Jack Zhang has argued that the licences, local network connections and settlement rails the company has built over a decade are the infrastructure that AI-driven, autonomous finance will need, and the company is investing in AI-native financial products.
Leadership
- Jack Zhang, Co-founder and Chief Executive Officer
- Jack Zhang, Chief Executive
- Pranav Sood, Chief Financial Officer
- Jeanette Chan, Chief Legal, Compliance and Risk Officer
- Or Liban, Managing Director, Middle East, Benelux and Nordics