Airwallex raises $320m Series H at $11bn valuation

Airwallex

Airwallex, a global payments and financial platform, has closed a $320m Series H funding round, pushing its valuation to $11bn from $8bn just six months ago.

The round was led by returning investor Addition, with contributions from Baillie Gifford, Hummingbird, QED Investors, T. Rowe Price, Hedosophia, Haun Ventures, Washington University in St. Louis and Amex Ventures.

The fresh capital will be directed towards accelerating product development in autonomous finance and agentic commerce, broadening the company’s regulatory and infrastructure reach into new markets, and scaling the teams behind its next-generation AI-native financial software.

Alongside the funding announcement, Airwallex revealed two new product initiatives. The first, T:0, is an AI-native platform designed to handle the complete finance function of a business from the outset, covering bookkeeping, forecasting, taxes, compliance and reporting without any migration required. It is currently in private beta, with a wider rollout expected in the coming weeks.

The second, Airi, is an agentic consumer wallet that at launch will feature one-click checkout functionality, which has already demonstrated up to a 14% uplift in successful checkout conversions for digital merchants during early testing. Airi is set to expand in the months ahead to include delegated agent payments, spend controls, permission management and multi-currency balances. When paired with Airwallex’s Agentic Commerce Suite, the product is intended to deliver a fully regulated end-to-end commerce flow for both merchants and consumers.

Airwallex provides businesses with borderless financial infrastructure, offering payments, treasury and software tools built on a foundation of licences, local network integrations and settlement rails developed over the past decade.

The company has reported strong commercial momentum heading into this new chapter. As of March 2026, Airwallex had reached $1.3bn in annualised revenue, a 74% increase year-over-year, alongside $287bn in annualised transaction volume, which more than doubled over the same period. Over 90% of its revenue now originates from customers using more than one of its products, reflecting deepening platform adoption.

Airwallex co-founder and CEO Jack Zhang said, “We believe this is the most consequential moment in the history of global finance, and we are building accordingly. A decade ago, we did not know exactly what the agentic economy would look like, but we built a foundation for it. The licenses, local network integrations, and settlement rails we spent ten years constructing are precisely the kind of infrastructure it needs. This new capital lets us move faster into Airwallex’s next chapter: autonomous finance, agentic commerce, and the infrastructure to power both.”

Addition’s Lee Fixel said, “What Airwallex has built is unusually hard to replicate. As AI transforms the competitive landscape, the winners will be the companies building on top of real financial infrastructure, not around it. Airwallex has already shown it can translate that foundation into meaningful software capabilities at scale.”

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