Airwallex raises €265M at €5.5B valuation; plans to accelerate Europe expansion after opening new Paris office

San Francisco-based Airwallex, a payments and financial platform for modern businesses, has secured $300M (approximately €265M) in a Series F funding round at a $6.2B (approximately €5.5B) valuation.

The funding round includes $150M (approximately €132M) in secondary share transfers.

With this new investment, the company has raised a total funding of over $1.2B (approximately €1.05B). It includes Square Peg, DST Global, Lone Pine Capital, Blackbird, Airtree, Salesforce Ventures, and several pension funds in Australia.

Visa Ventures also joins as a strategic investor.

Airwallex will use the funding to continue expanding its financial infrastructure into new markets. It includes Japan, Korea, the UAE, and Latin America.

Additionally, the company plans to accelerate go-to-market efforts in Europe, North America, and South East Asia.

Touched annual revenue of €635M

The announcement comes as the company achieved $720M (approximately €635M) in annualised revenue, up 90 per cent year-over-year, and exceeded $130B in global annualised payments volume.  

The company grew its customer base by 50 per cent in 2024, now serving 150,000 businesses worldwide. In 2025, Airwallex expects to hit $1B in annual run-rate revenue.

In 2024, Airwallex moved into a permanent U.S. headquarters in San Francisco and recently opened new offices in New York and Toronto.

In Europe, the company recently opened a new office in Paris and made a series of senior hires in London and Amsterdam.

Airwallex: Helping modern businesses manage finance

Led by Jack Zhang, Airwallex is a global financial platform that helps modern businesses manage their accounts, payments, and spending.

The company’s technology makes global payments and financial operations easier, enabling businesses of all sizes to explore new opportunities and grow internationally.

This proprietary network gives Airwallex’s customers the ability to instantly generate local account numbers in 60+ countries and to send and receive funds across more than 150 countries, faster and more efficiently than traditional banks.

As per the company’s claims, 95 per cent of Airwallex transactions arrive within a few hours or the same day, 68 per cent are processed instantly.

Currently, Airwallex supports over 150,000 businesses globally and is trusted by brands such as BILL, Bird, Brex, Deel, Rippling, Navan, Qantas, ZipHQ, and many more.

“The global financial system wasn’t built for today’s borderless economy,” says Jack Zhang, co-founder and CEO of Airwallex. “Too many businesses are held back by legacy infrastructure that’s slow, costly, and fragmented. At Airwallex, we’re building a new foundation for the global economy – one that’s fast, seamless, and built for scale. This investment marks a major milestone in our journey to redefine global banking and to empower businesses everywhere to grow without limits.”