Airwallex Hits $11 Billion Valuation After $320 Million Series H Raise
Global payments company Airwallex has secured $320 million in a Series H funding round, pushing its valuation to $11 billion—a 38% increase from just six months ago.
"Over 90% of revenue came from customers using more than one Airwallex product."
Key Details
- The round was led by Addition, a New York-based venture capital firm. Other participants include Baillie Gifford, Hummingbird, QED Investors, T. Rowe Price, Washington University in St. Louis, and Amex Ventures.
- Annualized revenue reached $1.3 billion as of March, marking a 74% year-over-year increase.
- Annualized transaction volume more than doubled compared to the previous year.
- More than 90% of revenue came from customers using multiple Airwallex products.
Use of Funds
The company plans to deploy the capital to:
- Accelerate product development in autonomous finance and agentic commerce
- Expand its regulatory footprint into new markets
- Grow teams building AI-native financial software
Background
Airwallex provides multi-currency payment services to major brands including McLaren, Qantas, Canva, and Shein. The company was previously valued at $8 billion after raising a $330 million Series G round in December, also led by Addition.