Overview

• Airwallex secured $300 million in Series F funding, raising its valuation to $6.2 billion, an 11% increase from its last round in 2022.
• The company achieved $720 million in annualized revenue in March, reflecting 90% year-over-year growth, and surpassed $130 billion in annual payments volume.
• Airwallex expanded its customer base by 50% in the past year, now serving 150,000 businesses globally.
• With a payment institution license in Brazil and the acquisition of MexPago in Mexico, Airwallex is preparing to serve the largest economies in Latin America.
• The fintech plans to apply for a UK banking license and explore acquiring a US bank to enhance its global financial infrastructure and lending capabilities.