Airwallex Reaches $11 Billion Valuation as Fintech Bets on AI-Powered Finance

Airwallex has secured $320 million in fresh funding through a Series H investment round, raising its valuation to $11 billion—an increase of 38% from its previous valuation just six months ago. The round was led by Addition, with participation from investors including Baillie Gifford, Hummingbird, QED Investors, T. Rowe Price, Washington University in St. Louis, and Amex Ventures.

The company also reported strong business momentum, with annualized revenue climbing 74% year over year to $1.3 billion as of March. Annualized payment volume more than doubled over the same period, while over 90% of revenue was generated by customers using multiple Airwallex products, reflecting increasing adoption of its broader financial platform.

Airwallex said the new capital will primarily support the development of AI-native financial software and autonomous finance solutions. The company also plans to expand into additional regulated markets while growing the engineering teams responsible for building its next generation of AI-powered financial products.

Alongside the funding announcement, Airwallex introduced two new AI-focused offerings. The first, T:0, is an AI-native platform designed to automate corporate finance operations such as bookkeeping, tax management, compliance, and financial reporting. Currently in private beta, the platform is expected to become more broadly available in the coming weeks.

The company also unveiled Airi, an agentic consumer wallet built for the emerging AI economy. Airwallex said the wallet is being designed to support delegated AI payments, customizable spending permissions, multi-currency balances, and transaction controls, enabling AI agents to conduct financial activities within predefined limits.

Chief Executive Officer Jack Zhang said Airwallex's global regulatory network positions the company well for the next phase of digital finance. With more than 85 licenses across North America, Europe, the Middle East, and Asia-Pacific, the company believes the infrastructure it has built over the past decade provides a strong foundation for AI-powered financial services and autonomous commerce.

Founded in Australia in 2015, Airwallex has expanded into a global payments platform serving customers including McLaren, Qantas, Canva, and Shein. Zhang recently indicated that the latest financing may allow the company to postpone an initial public offering, noting that heavy investment in AI development has created earnings volatility that makes remaining private more attractive for now.

Despite its rapid growth, Airwallex continues to face scrutiny over its connections to China. The company maintains operations in several Chinese cities and counts Tencent and HongShan Capital among its investors. Critics have questioned whether these ties could create security risks for U.S. customers.

Airwallex has firmly rejected those allegations. Zhang described recent claims that the company could expose sensitive American data as unfounded, emphasizing that customer data for U.S. clients is stored domestically and cannot be accessed by employees based in China or Hong Kong.

The latest fundraising reflects growing investor appetite for fintech companies integrating artificial intelligence into core financial services. As businesses increasingly seek automation across payments, accounting, compliance, and treasury operations, Airwallex is positioning itself to become a key infrastructure provider for the emerging AI-driven financial ecosystem.