November 2025 Summaries

Airwallex has introduced a range of updates aimed at improving cash flow management, global payments, spend visibility, and platform onboarding. New Zealand businesses can now access Airwallex Yield to earn target returns on USD and AUD balances while retaining flexibility to move funds, while customers in supported regions can schedule foreign exchange conversions up to 365 days ahead with an upfront prepayment. Spend management additions include a new Spend Overview dashboard, the ability to pay vendor bills with company cards and automatically reconcile matching transactions, and instant verification alerts for potentially fraudulent card activity. Payment enhancements include biometric Payment Passkeys for faster, lower-friction card authentication in several Asia-Pacific markets and a Multi-Currency Pricing API that lets merchants present prices and accept payments in shoppers’ preferred currencies. For platforms, the expanded Connected Account Console provides visibility into connected merchants’ payments activation, including KYB progress, payment method statuses, reserve plans, and requests for information.

Airwallex reports surpassing $1 billion in annualized run-rate revenue in October, reaching its first $500 million over nine years and adding the next $500 million in just over a year. The company attributes this acceleration to broader adoption of multiple products by customers and demand from globally oriented businesses, particularly in AI and SaaS, that require integrated cross-border payments and financial infrastructure. It cites Turing, an AI research accelerator, as an example of a customer using its platform to consolidate regional payout providers, speed payments through local rails, and automate operations. Airwallex says it is growing at roughly 90% year over year and expects to exceed $2 billion in ARR within 12 months, supported by expanding revenue in the Americas and EMEA, moving toward larger customers, developing AI-enabled finance tools on its existing infrastructure, and investing in brand recognition.