Airwallex has raised US$320 million in a Series H round, lifting its valuation to US$11 billion as the fintech company doubles down on AI-driven financial software, cross-border payments infrastructure, and regulatory expansion.
The round was led by returning investor Addition, with participation from Baillie Gifford, Hummingbird, QED Investors, T. Rowe Price, Hedosophia, Haun Ventures, Washington University in St. Louis, and Amex Ventures.
The new valuation marks a rise from US$8 billion in December 2025, reflecting investor confidence in Airwallex’s ability to move beyond payments and into a broader financial operating system for businesses.
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The company said the capital will be used to accelerate product development in autonomous finance and agentic commerce, expand infrastructure and licensing coverage in new markets, and grow teams building AI-native financial software.
Founded in Melbourne in 2015 and now co-headquartered in San Francisco and Singapore, Airwallex has become one of the most prominent fintech infrastructure players with roots in Asia Pacific. Its Singapore base is particularly important as the company looks to serve Southeast Asian businesses operating across multiple currencies, payment systems, and regulatory regimes.
For regional startups, e-commerce merchants, SaaS companies, and marketplaces, cross-border payments remain a major operational drag. Businesses expanding from Singapore into Indonesia, Vietnam, Thailand, Malaysia, or the Philippines often face fragmented banking relationships, FX costs, local compliance requirements, and settlement delays.
Airwallex is betting that its combination of licences, payment rails, treasury products, cards, and software can give such companies a more unified financial stack.
“We believe this is the most consequential moment in the history of global finance, and we are building accordingly,” said Jack Zhang, co-founder and CEO of Airwallex. He added that the company’s decade-long investment in licences, local network integrations, and settlement rails gives it the infrastructure needed for autonomous finance and agentic commerce.
From payments to AI finance software
The fundraising comes as Airwallex pushes deeper into software and automation, an area where global fintech firms are increasingly trying to defend margins and improve customer stickiness.
The company announced two product initiatives alongside the funding: T:0 and Airi.
T:0 is an AI-native finance platform designed to automate core finance functions for businesses, including bookkeeping, forecasting, tax, compliance, and reporting. Airwallex says the product is intended to give founders and finance teams “CFO-grade” books from day zero without requiring a later migration.
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The product is currently in private beta and is expected to become more widely available in the coming weeks.
If successful, T:0 could place Airwallex in closer competition with accounting software providers, spend management platforms, and embedded finance players. For Southeast Asian startups, the appeal could be significant. Many early-stage companies in the region manage finance through a patchwork of spreadsheets, local accounting tools, bank portals, payment gateways, and external accountants. A more integrated platform could reduce complexity, though adoption will depend heavily on localisation, compliance coverage, and trust in AI-driven workflows.
Airi, the second product, is a consumer wallet infrastructure initiative aimed at agentic commerce. At launch, it will include Airwallex’s existing one-click checkout capability, which the company said delivered up to a 14 per cent increase in successful checkout conversions for digital merchants in early testing.
Over time, Airwallex plans to expand Airi into wallet infrastructure for delegated agent payments, spend limits, permission controls, and multi-currency balances. The idea is to support a future where AI agents may be able to make purchases or execute transactions on behalf of users within predefined rules.
That vision remains early, and agentic commerce is still more concept than mainstream behaviour. But fintech companies are increasingly positioning themselves for a world in which AI systems do not merely recommend purchases or financial actions but execute them. In that environment, the companies with regulated payment infrastructure, identity checks, spend controls, and merchant networks could hold an advantage.
Southeast Asia remains a strategic market
Airwallex’s growth trajectory is tied closely to the rise of borderless digital businesses, a trend especially visible in Southeast Asia.
The region’s startups and digital merchants often operate regionally from the outset, selling to customers, hiring teams, and paying suppliers across borders. Yet financial infrastructure has not always kept pace. Local payment preferences vary widely, card penetration differs by market, and SMEs often struggle to access efficient FX, treasury, and global payment tools.
Singapore has become a preferred base for fintech firms serving this demand because of its regulatory environment, financial services talent, and role as a regional headquarters hub. Airwallex’s decision to maintain a co-headquarters in Singapore reflects the city-state’s importance not just as a market but as a launchpad into Asia-Pacific.
The company says it now holds more than 85 licences across North America, Europe, the Middle East, and Asia Pacific. That regulatory footprint is central to its pitch: instead of simply layering software on top of third-party banking and payment partners, Airwallex has spent years building its own network integrations and compliance capabilities.
Lee Fixel of Addition said Airwallex has built infrastructure that is “unusually hard to replicate”, adding that AI will favour companies building on top of real financial infrastructure rather than around it.
Revenue and transaction volumes climb
Airwallex also disclosed fresh operating metrics. In March 2026, it reached US$1.3 billion in annualised revenue, up 74 per cent year-on-year. Annualised transaction volume reached US$287 billion, up more than 120 per cent year-on-year.
The company said more than 90 per cent of revenue now comes from customers using more than one Airwallex product, suggesting that it is succeeding in cross-selling beyond its initial payments use cases.
Airwallex serves more than 676,000 businesses globally, either directly or through platform customers. Its products include payment acceptance, billing, global accounts, corporate cards, and spend management.
The company employs more than 2,300 people across 27 offices.
The latest funding gives Airwallex more firepower at a time when competition in global business payments is intensifying. Stripe, Adyen, Wise, Payoneer, Revolut Business, and a growing number of regional fintechs are all chasing parts of the same opportunity.
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For Southeast Asia, the key question is whether Airwallex can convert its global infrastructure into local advantage. The region is large, fragmented, and fast-growing, but it rewards companies that can navigate market-by-market complexity.
With fresh capital and a stronger AI software push, Airwallex is signalling that it wants to be more than a payments provider for regional businesses. It wants to become the operating layer for how they manage money globally.
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