Airwallex, a global payments and financial platform for businesses, has raised $300 million in a Series F funding round, which includes $150 million worth of secondary share transfers, as the fintech giant looks on track to hit $1 billion in annualised revenue in this year amid aggressive expansion plans.
The Series F round roped in several Australian investment firms, including Square Peg, Blackbird, and Airtree; alongside several leading pension funds in Australia, according to a company release on Wednesday.
Internet investment major DST Global, hedge fund Lone Pine Capital, and cloud-based software firm Salesforce’s venture arm, too, joined as participating investors.
The venture arm of card payment services firm Visa came in as a strategic investor in the round, which has brought the firm’s total raised capital to $1.2 billion.
The capital infusion comes as Airwallex tracked $720 million in annual revenues in March 2025, up 90% year-over-year (YoY), the firm claimed, adding that its customer base also ballooned 50% in 2024. The firm currently services 150,000 businesses worldwide.
With 23 offices across the world since its inception in 2015, the firm expects to hit $1 billion in annual run rate revenue this year. The fresh proceeds will play a part in driving its global presence that includes scaling up its footprints across Americas, Europe, and Middle East.
The fintech unicorn moved into its US headquarters in San Francisco in 2024, together with opening new offices in New York and Toronto in Canada. What’s more, it recently set up an office in Paris after a series of senior hires in London and Amsterdam, while it also made its first hires in both Abu Dhabi and Dubai besides growing its presence in Israel, as part of its global expansion strategy.
After receiving a payment institutional licence in Brazil and the approval to close its acquisition of a Mexico-based payment service provider, the firm is planning to launch services targeting the two largest economies in Latin America.
Beyond this, the firm hopes to leverage the funding to expand its financial infrastructure in Japan and Korea, per the release.
Previously, the firm secured a total of $400 million through a Series E round announced in September 2021 and Series E extension round announced in October 2022, which counted backing from Lone Pine Capital, Square Peg, Salesforce Ventures, and Sequoia Capital China (which is now known as HongShan), among others.
