Airwallex raises $300M Series F at $6.2 billion valuation to push European expansion

Airwallex has raised $300 million in a fresh Series F round, including $150 million in secondary share sales, bringing its total capital haul to over $1.2 billion. The valuation now stands at a hefty $6.2 billion. Investors in the round include Square Peg, DST Global, Lone Pine Capital, Salesforce Ventures and Visa Ventures, with some major Aussie pension funds also backing the deal.

The Melbourne-born fintech isn’t just stockpiling capital. It’s growing rapidly, with 90% year-on-year revenue growth and an annual run-rate revenue target of $1 billion by the end of 2025. In 2024 alone, it handled over $130 billion in payment volume and now serves 150,000 global businesses.

Expansion is top priority. Airwallex has opened new offices in Paris, beefed up its teams in London and Amsterdam, and made key hires in the Middle East. New market entries are lined up for Japan, South Korea, UAE and Latin America. Meanwhile, the US presence is solidifying with a San Francisco HQ and new hubs in New York and Toronto.

The company’s tech stack is built for scale, with local clearing access and a full suite of tools—multi-currency business accounts, global payment acceptance, spend management, and embedded finance APIs. Airwallex’s message is clear: legacy financial infrastructure is broken, and they’re building the next-gen rails for a borderless business world.