Global payments and financial platform Airwallex announced raising $320 million in a Series H funding round that values the company at $11 billion as it looks to expand its AI financial and payments infrastructure.
The round was led by existing investor Addition and included participation from Baillie Gifford, Hummingbird, QED Investors, T. Rowe Price, Hedosophia, Haun Ventures, Washington University in St. Louis, and Amex Ventures, the company said.
The latest valuation marks an increase from the company’s $8 billion valuation in December 2025, when it raised $330 million in Series G funding.
Airwallex, founded in 2015 and now based in Singapore, said it will use the proceeds to expand into new markets, strengthen its regulatory footprint, and accelerate development of AI-native financial software.
“We believe this is the most consequential moment in the history of global finance, and we are building accordingly,” said Airwallex co-founder and CEO Jack Zhang.
The Melbourne-founded company also unveiled two AI-focused products: T:0, a finance automation platform designed to handle accounting, tax, compliance, and reporting tasks, and Airi, a digital wallet aimed at supporting AI-powered commerce.
Airwallex said both products are intended to broaden Airwallex’s software offering beyond payments.
The company also disclosed that it reached $1.3 billion in annualised revenue in March, up 74% from a year earlier, while annualised transaction volume more than doubled to $287 billion.
Airwallex said more than 90% of its revenue now comes from customers using multiple products on its platform.
The fintech unicorn moved into its US headquarters in San Francisco in 2024, together with opening new offices in New York and Toronto, Canada.
The company earlier said it holds about 80 licences and permits globally, enabling merchants to operate in more than 200 countries and regions, and that it expanded regulated operations and launched products in 12 markets in 2025, including France, the Netherlands, Israel, Canada, Japan, Malaysia, Vietnam, Brazil, Mexico, and the UAE.
Previously, the firm secured a total of $400 million through a Series E round announced in September 2021 and Series E extension round announced in October 2022, which counted backing from Lone Pine Capital, Square Peg, Salesforce Ventures, and Sequoia Capital China (which is now known as HongShan), among others.
