How This New Fintech Billionaire Is Cashing In On Cross-Border Payments
- Global payments firm Airwallex secured $320 million in a Series H funding round, reaching an $11 billion valuation with a $1.3 billion revenue run-rate by March 2026.
- Founded in 2015 by CEO Jack Zhang in Melbourne, Australia, the company now serves 300,000 customers across 47 countries from dual headquarters in San Francisco and Singapore.
- Strategically, the firm is doubling down on AI-native financial software, with the T:0 platform designed to automate corporate finance functions including bookkeeping and tax compliance.
- Zhang noted that investment in AI development makes margins "too volatile to go public," delaying a potential listing, while Australian authorities conduct an audit for "suspected AML/CTF compliance failures."
- In response to scrutiny regarding "ties to Communist China," Airwallex maintains U.S. customer data remains inaccessible to staff based in China or Hong Kong, citing a Coalfire security assessment.
22 Articles
22 Articles
T. Rowe Price-Backed Payments Provider Airwallex Closes $320M Series H
T. Rowe Price-backed payments provider Airwallex said it has raised $320 million in Series H funding led by returning investor, New York-based Addition. Baillie Gifford, Hummingbird, QED Investors, Hedosophia, Haun Ventures, Washington University in St. Louis, Amex Ventures and the Baltimore fund giant also participated, as Airwallex’s valuation jumped to $11 billion, up from its $8 billion valuation last December. Founded in Melbourne, Australi…
Airwallex Raises $320M In Series H Funding Round, At $11 Billion Valuation
Airwallex secured $320 million in its Series H round led by Addition, underscoring its strong growth in global payments and embedded finance as it surpasses $1 billion ARR and achieves profitability. Airwallex raised $320 million in a Series H funding round, at an $11 billion post money valuation. This represents a significant step-up from its $8 billion valuation in the December 2025 Series G round (which raised $330 million), reflecting strong…
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