Airwallex raises $330m series G led by Addition

Lucy Liu, co-founder and president of Airwallex, says a second headquarters in the US will help grow its business in the Western country / Photo credit: Airwallex

Airwallex has raised a US$330 million series G funding round led by Addition, with participation from Robinhood Ventures and T Rowe Price.

This round values the global payments and financial platform at US$8 billion, up from US$6.2 billion after its series F round. The fresh funds will go toward driving the company’s growth in the US and other key markets, as well as hiring and product development.

Backed by Tencent, Airwallex will set up a second headquarters in San Francisco, California, after the latest funding round.

Its headcount in the country will be doubled to 400, with the majority of the new hires in the San Francisco office. The company also has a sales hub in Austin, Texas.

“Our US business is growing quickly, and we want more local support for our customers over there,” Lucy Liu, co-founder and president of Airwallex, told The Business Times.

The second headquarters in San Francisco is expected to help the company attract talent to build its capabilities and products.

Airwallex is now in a better position to hire competitively with the new funding secured, said Liu.

The company will still keep an eye on Asia, with Singapore remaining the home of its other headquarters. There are plans for the city-state to serve as a regional hub for Asia, with Airwallex being “everywhere all at once,” she added.

Separately, the company has acquired Skye Sab Indonesia, which holds a Penyedia Jasa Pembayaran Category 1 license. This license will allow the firm to offer all core payment services, from providing information on the source of funds to payments, remittances, and fund management.

“Indonesia’s fast-growing economy and vibrant small and medium-sized enterprise sector present immense opportunities,” said Arnold Chan, general manager for Asia Pacific at Airwallex.

AI remains a top priority, with the company making good progress with AI agents, according to Liu. It launched its Expense Submission Agent, which can collect receipts, reconcile them to transactions, categorize the expenses, and populate the required fields for submission.

On the backend, Airwallex has already incorporated AI into its operational workflows to boost efficiency and accuracy. For example, the company uses the combination of tech and compliance models to ensure it is within regulations.

Airwallex’s annualized revenue for 2025 crossed US$1 billion in October, up 90% year on year. Annualized transaction volume doubled to more than US$235 billion in the same month.