Airwallex’s US$1.5B Singapore pledge dwarfs the island’s entire fintech funding haul

Airwallex, a cross-border payments firm, has pledged to invest over SGD2 billion (approximately US$1.5 billion) in Singapore over the next five years to expand its workforce and strengthen operations. This significant investment, which will result in more than 1,000 local jobs, cements Singapore as one of the company's two global co-headquarters, alongside San Francisco.

The pledge coincided with the opening of an expanded office at Guoco Tower in Tanjong Pagar, described by the company as Singapore's tallest building. Airwallex's local footprint in Singapore will grow to over 80,000 square feet across four floors, with the new floor set to be occupied early in 2027. The investment focuses on workforce expansion, product and technology capabilities, and strengthening global and regional operations.

While the breakdown of the US$1.5 billion is not provided, the investment is expected to cover salaries, office leases, and compliance costs for a fast-growing company. Airwallex aims to build specialised, high-value capabilities in product development, engineering, and AI, with the Singapore Economic Development Board (EDB) welcoming the company's continued investment in the city-state.