Airwallex reported its annualized transaction volume has surpassed US$200 billion, up 92% year-on-year, with revenue run rate exceeding US$900 million, up 89% year-on-year, according to its latest mid-year update.

The Singapore-based platform, which offers cross-border payment and financial services, reported 13,372 new transacting clients in Q2 2025, an 84% year-on-year rise.

Airwallex now operates in 26 markets, with new offices opened in Paris, Abu Dhabi, and Dubai.

Airwallex is piloting a point-of-sale terminal for in-person payments in Singapore and Hong Kong.

The company said it is investing in AI-driven solutions to automate financial operations, with new products in development for founders and CFOs.

🔗 Source: Airwallex

🧠 Food for thought

1️⃣ Infrastructure-focused fintechs demonstrate resilience during sector downturn

While global fintech investment plummeted 72% year-on-year, Airwallex secured US$300 million at a US$6.2 billion valuation, demonstrating how payment infrastructure companies can thrive when consumer-focused fintechs struggle 1.

This performance reflects the essential nature of cross-border payment infrastructure as businesses increasingly operate globally.

Cross-border payment flows are projected to reach $200 trillion in 2025, with B2B trade comprising two-thirds of this volume, creating sustained demand for companies like Airwallex regardless of broader market sentiment 1.

The company’s diversified geographic exposure and enterprise customer stickiness contribute to this resilience, with net revenue retention exceeding 120% 1.

This contrasts with consumer fintech struggles, as payment infrastructure serves as the foundation that other financial services depend upon rather than competing directly with traditional banking relationships.

2️⃣ Network effects drive accelerating unit economics in payment platforms

Airwallex’s simultaneous achievement of 84% customer growth and 30% reduction in customer acquisition costs demonstrates the powerful network effects inherent in global payment platforms.

This creates what the company describes as a “growth flywheel” where increased scale improves both customer acquisition efficiency and revenue per customer.