Airwallex garners $300m in Series F funding

Payments company Airwallex has closed a Series F investment round, securing $300m, at a valuation of $6.2bn.
The fundraise includes $150m in secondary share transfers and takes the company's total funding to more than $1.2bn.
This capital will be used to extend Airwallex's global reach and refine its software solutions for businesses.
The round saw contributions from Square Peg, DST Global, Lone Pine Capital, Blackbird, Airtree, Salesforce Ventures, and many top pension funds in Australia.
Visa Ventures has also come on board as an investor.
Airwallex CEO Jack Zhang said: 'At Airwallex, we're building a new foundation for the global economy – one that's fast, seamless, and built for scale. This investment marks a major milestone in our journey to redefine global banking, and to empower businesses everywhere to grow without limits.'
As of March 2025, Airwallex reported a 90% year-over-year increase in annualised revenue, reaching $720m and recorded over $130bn in global annualised payments volume.
The Americas and EMEA regions have been key growth areas for Airwallex over the last four years, with a compound annual growth rate (CAGR) of more than 250% in gross profit.
Airwallex has established a US headquarters in San Francisco and opened offices in New York and Toronto.
After the acquisition of a payment institution licence in Brazil and the pending acquisition of MexPago in Mexico, Airwallex is set to expand in Latin America.
In Europe, the company has opened a new office in Paris and made hires in London and Amsterdam, while in Middle East, it has initiated operations in the UAE and Israel.
The latest funds will support Airwallex's market expansion into Japan, Korea, the UAE, and Latin America, and bolster its presence in Europe, North America, and Southeast Asia.
Airwallex has developed a global financial infrastructure with direct integrations into local clearing systems and card networks, holding a licencing portfolio in the fintech sector.
This infrastructure allows customers to generate local account numbers in over 60 countries and transact in more than 150 countries.
The company offers services including multi-currency accounts, payment processing, spend management, and financial services via API.
In March, Airwallex agreed to acquire CTIN Pay, a licenced Intermediary Payment Service company in Vietnam.
"Airwallex garners $300m in Series F funding " was originally created and published by Electronic Payments International, a GlobalData owned brand.
The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.

Try Our AI Features

Explore what Daily8 AI can do for you:

Learn with AIFact CheckingText to SpeechAI Summary

Related Articles

Yahoo

4 days ago

• Yahoo

Applied Intuition raises $600 million as it pushes further into defense

Buzzy autonomous vehicle software company Applied Intuition has closed a $600 million Series F funding round, pushing its valuation up to $15 billion. The round was co-led by BlackRock-managed funds and Kleiner Perkins, and included new investments from the Qatar Investment Authority, Abu Dhabi Investment Council, Greycroft, and more. Existing investors General Catalyst, Lux, Elad Gil, and Mary Meeker's growth fund Bond also participated. Applied Intuition's raise comes just one year after it completed a $250 million Series E, which put the company at a $6 billion valuation. The company makes software that helps companies and government agencies develop autonomous vehicle solutions. That includes simulation software and managing data. 'When they think like, 'I have this software or AI problem,' we generally want them to think about us,' CEO Qasar Younis told TechCrunch last year. 'Like we want to be that first call.' Applied Intuition works with most of the major automakers, as well as autonomous vehicle companies such as Gatik and Kodiak. The company has also increasingly pushed into the defense space. In its newsletter announcing the funding round, Applied Intuition shared that it was asked by the U.S. Army to help bring autonomous tech to some of their vehicles. The company was able to take an infantry squad vehicle from 'bare-bones' to autonomous in just 10 days. This included developing a 'pedal-pushing robot to physically turn the wheel and press the throttle and brake pads.' Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Axios

4 days ago

• Axios

Self-driving startup Applied Intuition nets $15 billion valuation

Applied Intuition, a Silicon Valley maker of an embedded intelligence platform for autonomous vehicles, raised $600 million in Series F funding at a $15 billion valuation led by BlackRock and Kleiner Perkins. Why it matters: Self-driving is the present, not the future, as evidenced by over a thousand Waymos on the road in major cities and Tesla's upcoming robotaxi launch in Austin. Zoom in: It can take tens or even hundreds of years to log enough real-world miles to prove that self-driving cars are safe, Rand researchers found. So autonomous vehicle developers need to rely on synthetic data and simulation to train their deep neural networks to handle the unexpected. Applied Intuition's software helps them prepare for those so-called edge cases, like a woman in a wheelchair chasing a duck Deal details: A source tells Axios that the round includes $200 million of primary capital and $400 million of secondary. Other new investors include Franklin Templeton, Qatar Investment Authority, Abu Dhabi Investment Council, Premji Invest, Stripes, Greycroft, BAM Elevate, and 137 Ventures. Return backers were Fidelity, General Catalyst, Lux Capital, Bond, Elad Gil, Addition, and Tribe Capital.

Yahoo

13-06-2025

• Yahoo

New details emerge on Meta's $14.3B deal for Scale

Meta's deal to partially acquire the AI startup Scale, giving it 49% ownership, is certainly unusual. What Scale officially announced is that the deal values the company at over $29 billion and that it will 'distribute' proceeds to shareholders and vested equity holders (aka employees) granting them with 'substantial liquidity' while allowing them to continue as shareholders. Meta is also hiring Scale's famed founder CEO Alexandr Wang, who famously dropped out of MIT at age 19 to build the company, which offers AI training data verified by humans. This might have sounded like Meta could buy shares from existing shareholders, but that's not the case, sources told Bloomberg. Investors are getting dividends. For instance Accel, which backed the company early, should get a payout of $2.5 billion, Bloomberg reports. (We've asked Accel for comment.) Scale has dozens of backers, including Amazon and Meta, and was last valued at $14 billion after raising a $1 billion Series F a year ago. So a payout of this magnitude is almost like buying the company. We'll have to wait and see if regulators agree. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data