Airwallex Raises $300M, Valued at $6.2 Billion

Airwallex, a global payments platform founded in 2015, has raised $300 million in a Series F funding round, increasing its valuation to $6.2 billion and bringing its total funding to over $1.2 billion. The round was led by major investors including Square Peg, DST Global, Blackbird, Airtree, Salesforce Ventures, Visa Ventures, and several Australian pension funds. Airwallex now serves 150,000 businesses globally and reported $720 million in annualized revenue, aiming to reach a $1 billion revenue run rate this year. The new capital will support further expansion into markets such as the UAE, Japan, Korea, and Latin America, and enhance go-to-market strategies in Europe, North America, and Southeast Asia. This fundraise occurs during a strong period for fintech investment, with other firms like Plaid and Rippling also securing major rounds. CEO Jack Zhang stated the company remains focused on modernizing financial infrastructure for businesses worldwide.