Airwallex raised $320 million in a Series H funding round at an $11 billion valuation, a 38% jump from six months ago, as the global payments company pushes deeper into autonomous finance and agentic commerce. The Melbourne-founded fintech also reported annualized revenue of $1.3 billion in March, up 74% year over year, while transaction volume more than doubled.
The round was led by New York venture capital firm Addition, with backing from Baillie Gifford, Hummingbird, QED Investors, T. Rowe Price, Washington University in St. Louis and Amex Ventures. More than 90% of Airwallex's revenue came from customers using more than one of its products, the company said.
The company plans to use the fresh capital to speed up product development in autonomous finance and agentic commerce, broaden its regulatory footprint into new markets, and grow the teams building its next-generation AI-native financial software. These areas are increasingly central to AI for Finance.
New AI-native products
Alongside the raise, Airwallex announced two new AI-focused products. The first, T:0, is an AI-native platform designed to automate corporate finance functions including bookkeeping, tax, compliance and reporting-a use case that falls under AI Agents & Automation. It is in private beta and could become more broadly available in the coming weeks. The second product, Airi, is an agentic consumer wallet that will eventually support delegated agent payments, spending limits, permission controls and multi-currency balances.
Airwallex has secured more than 85 licenses across North America, Europe, the Middle East, and Asia-Pacific, which it said positions the company to support the emerging agentic economy. Co-founder and CEO Jack Zhang said the licenses, local network integrations, and settlement rails the company spent ten years building are "precisely the kind of infrastructure it needs." He added that the new capital lets the company move faster into its next chapter.
Scrutiny and IPO delay
Zhang told the Australian Financial Review that the new financing could allow the company to delay a public listing, as investment in AI development has made its margins "too volatile to go public." Airwallex has faced growing scrutiny over its ties to China. The company has offices in Shanghai, Beijing and Shenzhen, and counts Tencent and HongShan Capital among its investors.
In December, Keith Rabois, a board member of rival fintech Ramp, accused Airwallex of being a "Chinese backdoor into sensitive American data." The company rejected those allegations. Zhang described them as "wild and totally unfounded conspiracy theories," saying American customers' data is stored in the U.S. and inaccessible to staff based in China or Hong Kong.
Why this matters for finance professionals
Airwallex's push into autonomous finance signals a shift where AI agents could handle routine corporate finance tasks-from bookkeeping to compliance-potentially reshaping how finance teams operate. The company's strong revenue growth and 38% valuation jump in six months suggest that the market is betting on this vision. However, the data security questions raised by rivals highlight that when evaluating AI-native financial platforms, professionals must scrutinize where and how data is stored and who can access it.
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