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Airwallex
Cross-border payments for businesses
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To build global financial infrastructure and applications to empower businesses to operate anywhere, anytime.
Some candidates hear
back within 2 weeks
36% female employees
11% employee growth in 12 months
Theo Margolius
COO of Otta
Business is increasingly globalised, so there are many more companies selling to a broader base of international customers. These businesses need to be able to transfer foreign revenues back to their home currency, but this can be an expensive and time-consuming process. Airwallex, aiming to disrupt the foreign exchange market for businesses the same way Transferwise did for consumers, exists to make this process painless.
While it counts traditional banks as competitors, Airwallex stands out by its pricing, saving clients as much as 90% on foreign exchange rates vs. traditional banks. It also provides a range of financial solutions including corporate cards and expense management software, as well as a range of integrations into most commonly used accounting packages. This has seen its product adopted by over 20,000 corporate customers.
Founded in 2015 in Melbourne, Australia, Airwallex has grown to be one of the leaders in fintech with a valuation exceeding $5 billion and a global reach. Recently focusing on the APAC region, the company has expanded into Singapore and Malaysia, in addition to its increasing its presence in Hong Kong and mainland China. Having experienced 100% year on year customer growth over 2022, this focus seems to be paying off.
Oct 2022
$100m
SERIES E
Nov 2021
$100m
SERIES E
Total funding
This company has top investors
Founders
Jack Zhang
(CEO)They have 8 years of experience as a developer, including roles at Aviva, Morgan Stanley and National Australia Bank. They are a Founder of Capital 49.