Airwallex has raised $330 million in a Series G funding round, achieving a valuation of $8 billion, to enhance its global payment solutions and integrate artificial intelligence into its platform.

Target Information

Airwallex is a prominent global payments and financial platform that facilitates seamless cross-border operations for businesses of various sizes. Founded in 2015 and headquartered in Singapore, the company offers a range of services, including cross-border payments, collections, multi-currency accounts, and expense management, enabling enterprises to scale internationally while minimizing the usual complexities and costs associated with cross-border transactions.

The recent Series G funding round has seen Airwallex secure $330 million, elevating its valuation to $8 billion. The funding round was led by Addition, a New York-based venture capital firm, alongside participation from notable investors such as T. Rowe Price Associates, Activant, Lingotto, Robinhood Ventures, and TIAA Ventures. Airwallex became a unicorn in 2019, reflecting its rapid growth and development within the competitive financial technology sector.

Industry Overview in Singapore

Singapore stands as a hub for innovation and technological advancement, particularly within the FinTech landscape. The government's supportive regulatory framework, along with significant investments in digital infrastructure, has fost