Airwallex, a global financial platform, announced a $330 million Series G funding round. The round was led by Addition. Participants included T. Rowe Price and Robinhood Ventures. This financing values Airwallex at an impressive $8 billion. This figure marks a roughly 30% jump since its Series F round. The new capital will fuel the company’s continued growth. It will focus especially on the U.S. market. The funds will also drive expanded hiring for AI. Moreover, they will support new product development efforts.
The company’s strong operating performance drove much interest. Annualized revenue exceeded $1 billion in October. This marked a 90% increase year-over-year. Annualized transaction volume also doubled. It reached over $235 billion in October. About half of Airwallex’s customers now use multiple products. This emphasizes the expanding fit of its products in the market. Lee Fixel of Addition states that legacy systems fall short. He believes Airwallex is uniquely built for borderless businesses.
Airwallex’s Focus on Intelligent Financial Operations
Airwallex announced a second global headquarters. This new hub is located in San Francisco. This move aims to place key teams at the epicenter of innovation. These groups include product, engineering, and partnerships. The U.S. market is a central focus for the company. Airwallex plans to double its U.S. employee headcount soon. Furthermore, they will expand their San Francisco office space.
The company is now building specialized AI agents. These agents will execute actual financial workflows. This lays the groundwork for an autonomous finance department. These new agents use contextual signals across all financial activity. This allows them to automate complex, multi-step operations. This includes expense approvals and policy checks. Hundreds of these agents will soon expand across the platform. Businesses can then operate faster and more accurately. This shift greatly reduces the need for manual effort. This proprietary visibility powers agentic finance. Airwallex provides a modern alternative for global banking.
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News Source: Businesswire.com
