Airwallex, a provider of multi-currency payment services to global businesses, raised $320 million in a Series H funding round, valuing the company at $11 billion, as the fintech firm doubles down on artificial intelligence-powered financial software.
The Series H funding round was led by New York venture capital firm Addition, with investment from funds including Baillie Gifford, Hummingbird, QED Investors, T. Rowe Price, Washington University in St. Louis, and Amex Ventures.
Airwallex plans to use the funds to accelerate product development in autonomous finance and agentic commerce, expand its regulatory footprint into new markets, and grow the teams building its next-generation AI-native financial software.
Airwallex reported its annualized revenue surged 74% from a year ago to $1.3 billion in March, while annualized transaction volume more than doubled from a year earlier. More than 90% of its revenue came from customers using more than one Airwallex product, the company said.
Its major clients include McLaren, Qantas, Canva, and Shein.
The company was last valued at $8 billion after raising $330 million in a December funding round also led by Addition.