Airwallex Raises $330 Million at an $8 Billion Valuation

Airwallex is a leading global payments and financial platform that empowers businesses of all sizes to operate across borders. The platform provides solutions for cross-border payments, collections, multi-currency accounts, and expense management, enabling companies to grow their business globally without the usual complexities and costs.

Airwallex has raised $330 million in a Series G funding round, bringing its valuation to $8 billion. The round was led by New York VC firm Addition, with participation from T. Rowe Price Associates, Activant, Lingotto, Robinhood Ventures, and TIAA Ventures.

Airwallex, headquartered in Singapore, Central Region, Singapore, was founded in 2015 by Jack Zhang, Jacob Dai, Ki-Lok Wong, Lucy Yueting Liu, and Max Li. In 2019, the company joined the unicorn club. “From our company point of view there’s two outcomes in the next five to 10 years: either you become an AI native company or you become irrelevant. I don’t think there’s any third outcome,” said Airwallex CEO and co-founder Jack Zhang. “All of this strategy — moving to San Francisco, having the new headquarters — is making sure that Airwallex is the leading company in the artificial intelligence race.