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
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 | - |
View details of Airwallex's funding rounds and investors
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 .
View details of Airwallex's Founder profiles and Board Members
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 :
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Overall Rank | Company Details | Short Description | Total Funding | Investors | ÃØÃÜÑо¿Ëù Score |
---|---|---|---|---|---|
1st | 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 | Ebury 2009, London (United Kingdom), Acquired | Forex risk management and payment solutions for businesses | $374M | Alcentra, Vitruvian PartnersÌý&²¹³¾±è;Ìý | 78/100 |
3rd | Cross-border payment processing solution for businesses | $1.1B | Mastercard, Sequoia CapitalÌý&²¹³¾±è;Ìý | 75/100 | |
4th | 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 | ![]() 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 | Cross-border remittance solutions for MTOs | $362M | Visa, Bessemer Venture PartnersÌý&²¹³¾±è;Ìý | 71/100 | |
7th | ![]() Rapyd 2016, London (United Kingdom), Series E | FinTech company that provides global payment solutions | $778M | General Catalyst, StripeÌý&²¹³¾±è;Ìý | 71/100 |
8th | Payment processing solutions for businesses | $11.7M | TechChiefs, Ìý&²¹³¾±è;Ìý | 63/100 | |
9th | Online platform for cross-border & multi-currency transactions for businesses | $51.9M | 63/100 | ||
10th | ![]() 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 | - |
See all investments and acquisitions by Airwallex
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.
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Business Wire•Apr 09, 2025•Airwallex
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The Paypers•Apr 07, 2025•Airwallex
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Finextra•Apr 07, 2025•Airwallex
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PYMNTS.com•Apr 07, 2025•Airwallex
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Fintech Finance•Mar 19, 2025•Airwallex
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Business Wire•Mar 18, 2025•Airwallex
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