Payments technology company Airwallex announced Friday that it has raised $320 million in a new funding round, valuing the firm at $11 billion. That figure represents a nearly 38% increase over its valuation from a financing round conducted late last year.
With the latest infusion of capital, Airwallex’s total funding has reached $1.8 billion as of June, according to the company’s website.
The company said the money will be put to work quickly. “The investment will help Airwallex accelerate product development across autonomous finance and agentic commerce,” the firm stated.
Along with the funding announcement, Airwallex unveiled two new products: a platform designed to automate bookkeeping and compliance tasks for businesses, and a consumer-facing digital wallet.
The company has also been active on the acquisition front. Earlier this year, Airwallex purchased South Korea’s Paynuri, a move that gave the company local payments licenses and a foreign-exchange business registration, allowing it to operate directly within the country.
Airwallex reported strong financial momentum heading into this round. As of March, the company had reached $1.3 billion in annualized revenue — a 74% increase — along with $287 billion in annualized transaction volume, more than double the figure from the prior year.
Founded in Melbourne in 2015, Airwallex now maintains co-headquarters in San Francisco and Singapore. The company holds more than 85 licenses across multiple continents and serves more than 676,000 businesses worldwide.
The funding round was anchored by New York-based venture capital firms Addition, T. Rowe Price, and Hummingbird, among other investors.
