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Airwallex

Category: AI in Fintech

A global financial platform offering solutions for payments, treasury, spend management, and embedded finance for modern businesses. Airwallex was founded in 2015. The company is led by Jack Zhang. Based in Singapore & Melbourne, Australia. Team size: 1800+. Total funding raised: $1.5B. Latest round: Series G. Key investors include ["DST Global","Sequoia Capital China","Tencent Holdings","Hillhouse Capital Group","Lone Pine Capital","Square Peg Capital","Salesforce Ventures"].

Founded
2015
Headquarters
Singapore & Melbourne, Australia
Team size
1800+
Total funding
$1.5B

Value proposition

To empower businesses to grow beyond borders by providing a unified global financial platform that simplifies international payments, treasury, and spend management, ultimately saving businesses time and money.

Products and solutions

["Global Business Accounts","International Payments & Transfers","Multi-currency Corporate Cards & Expense Management","Online Payment Gateway","Embedded Finance & APIs","Treasury Management","Payouts & Issuing"]

Unique value

Airwallex's uniqueness lies in its proprietary global financial infrastructure, which enables a unified and seamless experience for international payments, treasury, and spend management. Their API-first approach allows for deep integration and customization for businesses.

Target customer

Modern businesses of all sizes, from startups and SMEs to large enterprises, that operate globally and need to manage international payments and financial operations.

Industries served

["E-commerce & Marketplaces","Technology & SaaS","Professional Services & Consulting","Travel & Hospitality","Logistics & Supply Chain","Startups & VCs"]

Technology advantage

Airwallex's key technological advantage is its modern, cloud-native platform and proprietary financial infrastructure that allows for faster and more cost-effective international transactions. Their business advantage is their extensive global reach and a comprehensive suite of products that cater to the entire financial workflow of a global business.

How they differentiate

Airwallex differentiates itself by offering a comprehensive global financial infrastructure for businesses, particularly digital-native ones. Unlike competitors that may focus solely on payment processing, Airwallex provides an end-to-end solution that includes multi-currency business accounts, international payments, treasury management, and embedded finance solutions through its API-first approach. This allows businesses to manage their global financial operations from a single platform.

Main competitors

["Stripe","Adyen","Wise"]

Key partnerships

["McLaren Racing","Vistra","Xero","NetSuite","Stripe","Shopify"]

Notable customers

["Brex","Papaya Global","GOAT","Stake"]

Major milestones

["Founded in Melbourne, Australia in 2015.","Achieved unicorn status in 2019 with a valuation over $1 billion.","Expanded its global footprint with licenses and offices in key regions including the UK, Europe, North America, and Singapore.","Reached a valuation of $5.5 billion after its Series E funding round.","Launched new product suites including Borderless Cards, expense management solutions, and online payment acceptance."]

Growth metrics

Airwallex has reported significant revenue growth, with a 100% year-over-year increase in revenue. The company processes over US$50 billion in annualized transaction volume and serves over 100,000 businesses globally.

Market positioning

Airwallex is positioned as a global financial platform for modern businesses, empowering them to operate globally without the traditional complexities of cross-border finance. It targets high-growth, tech-savvy companies, from startups to enterprises, that require efficient and cost-effective international payment and treasury solutions.

Geographic focus

While founded in Australia with a strong initial focus on the Asia-Pacific (APAC) region, Airwallex has aggressively expanded its operations globally. It has a significant presence and focuses on growth in North America, Europe, and the Middle East, alongside its established APAC markets.

Patents and IP

Information regarding patents and IP is not publicly available.

About Jack Zhang

Prior to co-founding Airwallex, Jack Zhang had over a decade of experience in foreign exchange trading and investment banking in London, Melbourne, and Hong Kong. He also worked as a software engineer at ANZ and IBM. He co-founded a coffee shop in Melbourne, which served as a laboratory for the ideas that would become Airwallex.

Official website: