Airwallex Hits $1B ARR, No Silicon Valley Required
Hey FinTech Fanatic!
Airwallex has officially crossed the $1 billion run‑rate annual revenue mark as of October, achieving roughly 90% year‑over‑year growth.
Founded in 2015 in Australia, it took Airwallex nine years to reach its first $500 million in annualised revenue. And then, only one more year to double it.
According to Jack Zhang, Co-Founder and CEO, this is a major milestone for the company.
"The growth curve steepened for a few reasons: the number of customers using Airwallex products has doubled since last year, as we've deepened our go-to-market presence in EMEA and North America. We've also utilised our proprietary financial infrastructure to make a real difference with AI, becoming indispensable to finance teams," he said in an official statement.
The FinTech initially anchored in cross‑border payments and FX but has since diversified into business banking accounts (34% of revenues), spend management (20%), and payments (30%).
Now valued at around $6 billion and operating from Singapore, Airwallex is positioning itself as a full FinTech stack for companies selling globally.
As Zhang puts it, “A lot of the reason we’ve succeeded is we’re an outsider. We’re not part of the Silicon Valley ecosystem.”
With profitability aimed for Q4 2025, Airwallex is a masterclass in how to scale globally outside Silicon Valley.
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