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Blog post from Airwallex
Airwallex reported significant expansion in 2021 as it strengthened its global financial infrastructure, enabling programmatic money movement across more than 100 countries and developing new payment, card, expense-management, and embedded-finance products. The company entered or expanded operations in the United States, Europe, Singapore, Malaysia, and China, where it said revenue grew at a triple-digit rate and its customer base more than doubled. It tailored products to regional needs, including Borderless Cards and online payments in Hong Kong, a broader financial suite in the UK, and an online payments service supporting collections in more than 130 currencies. Airwallex also expanded to five engineering hubs, enhanced API offerings for technology-focused businesses, obtained a SOC 2 Type II report for data security, raised US$400 million at a US$5.5 billion valuation, and doubled its workforce to over 1,000 people across 19 locations. Looking ahead, the company stated that it aims to scale securely, support customers’ international growth, and become a major infrastructure provider for global commerce and the digital economy.
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