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Airwallex - About the company

Airwallex is a series F company based in Melbourne (Australia), founded in 2015 by Jack Zhang, , and . It operates as a Cross-border payment processing solution for businesses. Airwallex has raised $1.1B in funding from investors like , Lone Pine Capital and Sequoia Capital, with a current valuation of $56M. The company has 292 active competitors, including 59 funded and 26 that have exited. Its top competitors include companies like Payoneer, Ebury and Flywire.

Sectors and market segments that Airwallex operate in

Airwallex serves in the B2B space in the FinTech market segments.The primary business model of Airwallex are:

Company Details

Cross-border payment processing solution for businesses. It provides tools to collect international payments, deposit funds, and make payments. It offers current FX rates and APIs to automate foreign exchange, collections, and payments. Also provides business payment cards for domestic and international payment needs.
Website
Social
Email ID
@airwallex.com
Phone Number
+1
Key Metrics
Founded Year
2015
Location
Melbourne, Australia
Stage
Series F
Total Funding
in 12 rounds
Latest Funding Round
Post Money Valuation
as on Nov 12, 2024
Investors
Ranked
3rd among
Annual Revenue
as on Dec 31, 2023
Investment & Acquisitions
Similar Companies

Legal entities associated with Airwallex

Airwallex is associated with 3 legal entities given below:
Legal Entity Name
Date of incorporation
Revenue
Net Profit
Employee Count
Nov 07, 2019
-
145
781
Mar 12, 2015
$60.7M (as on Dec 31, 2023)
696
134
Sep 25, 2018
-
879
209
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Airwallex's funding and investors

Airwallex has raised a total funding of $1.1B over 12 rounds. Its first funding round was on Jul 05, 2016. Its latest funding round was a Series F round on Mar 11, 2023 for $200M. 5 investors participated in its latest round, lead by Cava.

Airwallex has 34 institutional investors including , Lone Pine Capital and Sequoia Capital.

Here is the list of recent funding rounds of Airwallex:
Date of funding
Funding Amount
Round Name
Post money valuation
Revenue multiple
Investors
Mar 11, 2023
$200M
Series F
-
-
Oct 10, 2022
$100M
Series E
-
-
Nov 18, 2021
$100M
Series E
$5.5B
-
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Airwallex's founders and board of directors

The founders of Airwallex are Jack Zhang, , and . Jack Zhang is the CEO of Airwallex. Jack Zhang has founded 2 more companies - Capital 49 and .

Airwallex's Competitors and alternates

Top competitors of Airwallex include Payoneer, Ebury and Flywire. Here is the list of Top 10 competitors of Airwallex, ranked by ÃØÃÜÑо¿Ëù score :
Overall Rank
Company Details
Short Description
Total Funding
Investors
ÃØÃÜÑо¿Ëù Score
1st
Logo for Payoneer
Payoneer
2005, New York City (United States), Public
Cross-border remittance solution for businesses
$269M
Temasek, Ping An VenturesÌý&²¹³¾±è;Ìý
87/100
2nd
Logo for Ebury
Ebury
2009, London (United Kingdom), Acquired
Forex risk management and payment solutions for businesses
$374M
Alcentra, Vitruvian PartnersÌý&²¹³¾±è;Ìý
78/100
3rd
Logo for Airwallex
Airwallex
2015, Melbourne (Australia), Series F
Cross-border payment processing solution for businesses
$1.1B
Mastercard, Sequoia CapitalÌý&²¹³¾±è;Ìý
75/100
4th
Logo for Flywire
Flywire
2009, Boston (United States), Public
Provider of cloud-based payment processing solutions for businesses
$263M
American Express, AccelÌý&²¹³¾±è;Ìý
74/100
5th
Logo for Tipalti
Tipalti
2010, Foster City (United States), Series F
Cloud-based procurement and invoice management solutions for businesses
$553M
Group 11, Marshall WaceÌý&²¹³¾±è;Ìý
73/100
6th
Logo for Thunes
Thunes
2016, Singapore (Singapore), Series D
Cross-border remittance solutions for MTOs
$362M
Visa, Bessemer Venture PartnersÌý&²¹³¾±è;Ìý
71/100
7th
Logo for Rapyd
Rapyd
2016, London (United Kingdom), Series E
FinTech company that provides global payment solutions
$778M
General Catalyst, StripeÌý&²¹³¾±è;Ìý
71/100
8th
Logo for Paystack
Paystack
2015, Lagos (Nigeria), Acquired
Payment processing solutions for businesses
$11.7M
TechChiefs, Ìý&²¹³¾±è;Ìý
63/100
9th
Logo for iBanFirst
iBanFirst
2013, Paris (France), Acquired
Online platform for cross-border & multi-currency transactions for businesses
$51.9M
Elaia, SerenaÌý&²¹³¾±è;Ìý
63/100
10th
Logo for Currencycloud
Currencycloud
2007, London (United Kingdom), Acquired
Cloud-based payment processing solutions to businesses
$187M
Visa, Atlas VentureÌý&²¹³¾±è;Ìý
63/100
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Airwallex's Investments and acquisitions

Airwallex has made 3 investments in companies including Kintsugi and Rutter. Airwallex has also acquired 4 companies including Ctinpay.vn and MexPago. Here is the list of investments & acquisitions:
Date of Investment/Acquisition
Type
Company Name
Founded Year
Location
Mar 05, 2025
Acquisition
Hanoi,
Nov 19, 2024
Investments
2022
San Francisco, United States
Oct 19, 2023
Acquisition
-
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Reports related to Airwallex

Here is the latest report on Airwallex's sector:
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News related to Airwallex

Media has covered Airwallex for a total of 76 events in the last 1 year, 27 of them have been about company updates and 25 about partnerships.
•
ACN Newswire•Apr 17, 2025•Fiskl, Airwallex
•
Business Wire•Apr 09, 2025•Airwallex
•
The Paypers•Apr 07, 2025•Airwallex
•
Finextra•Apr 07, 2025•Airwallex
•
PYMNTS.com•Apr 07, 2025•Airwallex
•
The Paypers•Mar 28, 2025•Airwallex, Yuno
•
Fintech Finance•Mar 19, 2025•Airwallex
•
Business Wire•Mar 18, 2025•Airwallex
•
PYMNTS.com•Mar 17, 2025•Airwallex, Discover Global Network
•
The Paypers•Mar 17, 2025•Airwallex, Discover Global Network
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