Airwallex expands from cross-border payments to autonomous finance—though president Lucy Liu says it’s still ‘not the best time’ for an IPO
In late June, Airwallex raised $320 million in a Series H funding round led by Addition, which valued the cross-border payments platform at $11 billion
Airwallex, a global fintech and payments platform founded in Melbourne, Australia, is expanding into autonomous finance with its new T:0 automated bookkeeping system and agentic consumer wallet, Ari. The company, valued at $11 billion after a $320 million Series H funding round led by Addition, is investing heavily in AI-driven solutions to cater to evolving business needs.
Airwallex has over 675,000 businesses and processes over $1 billion in annual revenue. With a presence in over 30 countries, the company is actively pursuing new markets, including the U.S., South Korea, Mexico, and Brazil. The rapid expansion is driven by the increasing need for efficient global operations among businesses. Despite the successful fundraising, Airwallex's president, Lucy Liu, expresses caution about the timing of an IPO, citing the current complex market conditions.
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