Airwallex, the Melbourne-founded global payments and financial infrastructure company, raised $300 million in a Series F funding round at a valuation of $6.2 billion, the company announced on 21 May 2025. The round brings total funding raised by Airwallex to more than $1.2 billion.
The round included Square Peg, DST Global, Lone Pine Capital, Blackbird, Airtree, Salesforce Ventures, Visa Ventures and several Australian pension funds, and comprised $150 million of primary capital and $150 million of secondary share transfers.
REVENUE AND PAYMENT VOLUME
Airwallex reported that it reached $720 million in annualised revenue as of March 2025, representing a 90% increase year-over-year. The company also disclosed that it had surpassed $130 billion in global annualised payment volume.
Airwallex provides a suite of products that includes multi-currency accounts, foreign exchange, card issuance, and embedded finance tools, enabling companies to build payment and banking capabilities into their own platforms without relying on legacy correspondent banking arrangements.
TARGET OF $1 BILLION ARR IN 2025
With annualised revenue at $720 million as of March, Airwallex has set itself the target of reaching $1 billion in annualised revenue during 2025. Airwallex was founded in 2015.
The company said it aimed to be IPO-ready by 2026, with no fixed listing date.