Articles from Airwallex

Today, Airwallex announced several milestones in its global expansion strategy: securing a payment institution license from the Banco Central do Brasil, and finalizing the acquisition of MexPago, a Mexico-based payment service provider and an Institution of Electronic Payment Funds (IFPE) license-holder. With these two licenses secured, Airwallex will link its global financial infrastructure to Latin America’s two largest economies to enable support for companies in Brazil and Mexico and facilitate international businesses’ entry into the region.

Furthering its ongoing commitment to ignite innovation and entrepreneurship, Airwallex today announced the launch of Airwallex Impact, a robust global social impact program, underpinned by a 1% equity commitment for philanthropic giving. It will be bolstered by a commitment to donate 1% of employee time, profits and products to support the innovation community.

Airwallex, a leading global payments and financial platform for modern businesses, released a report exploring the opportunities and challenges tied to embedded finance – the practice of platforms, marketplaces, and software companies integrating user-friendly financial services within their existing offerings. Airwallex’s survey of 200 enterprise decision-makers reveals that executives see incredible upside with embedded finance, particularly in modernizing user experience, but that nuanced adoption and integration processes require careful navigation.

Airwallex, a leading global payments and financial platform for modern businesses, today revealed how its global financial technology has improved McLaren Racing’s financial operations throughout the 2024 Formula 1 season.

Airwallex, a leading global payments and financial platform for modern businesses, has surpassed $100 billion in annual processing volume, up 73 percent year-on-year. Airwallex has seen growing volumes across all products, including payments, FX, payouts, and issuing, and an annual run rate revenue approaching $500 million. These achievements come on the heels of Airwallex achieving cash flow positivity at the end of 2023 – a dividend of the company’s strong product market fit, ubiquitous global infrastructure, and continued market expansion.

Airwallex, a leading global payments and financial platform for modern businesses, has been named to the Forbes 2024 Cloud 100, the definitive ranking of the top 100 private cloud companies in the world, published by Forbes in partnership with Bessemer Venture Partners and Salesforce Ventures. This is the fourth year that Airwallex has been named to the list.

Airwallex, a leading global payments and financial platform for modern businesses, today announced an integration with QuickBooks, the leading financial technology software platform among businesses of all sizes. With the QuickBooks Bank Feed integration, Airwallex customers can connect with the popular accounting software and seamlessly sync their Airwallex transactions across supported currencies into their QuickBooks Online account – eliminating tedious data entry and speeding up the reconciliation process.

Airwallex, a leading global payments and financial platform for modern businesses, today announced a partnership with BILL (NYSEBILL), a leading financial operations platform for small and midsize businesses (SMBs), to provide Airwallex’s local transfer capabilities as part of BILL’s payments offerings. BILL will offer its customers faster payment speed with the option to deliver payments same-day or next-day in local currencies through Airwallex.

Airwallex, a leading global payments and financial platform for modern businesses, today announced the U.S. launch of its payment acceptance solution. U.S.-based merchants can use the service to accept payments from domestic and international customers. Additionally, foreign merchants with U.S. entities can provide a localized payment experience to their U.S.-based customers, unlocking higher acceptance rates and lower operating costs. Airwallex now supports merchants in 35 countries with payment acceptance services, enabling them to grow their business with access to a global customer base.

Airwallex, a leading global payments and financial platform for modern businesses, today introduced the Airwallex Borderless Visa® Card in Canada. The virtual card is issued by Peoples Trust Company, part of Peoples Group, and enables Canadian businesses to easily make payments around the world, everywhere Visa is accepted.

While 54 percent of global consumers expect to increase their cross-border purchasing over the next six to twelve months, they need flexibility and transparency in the digital payment experience to make that happen. In a report released today by leading global payments and financial platform Airwallex and Edgar, Dunn & Company, 77 percent of consumers also said they would abandon their cart if their preferred payment method was not offered.

Airwallex, a leading global payments and financial platform for modern businesses, today announced the expansion of its global leadership team, with three new hires based out of the company’s Americas headquarters in San Francisco. Jason Gottlieb joins as VP, Financial Partnerships, Hugo Buret as Global Head of Strategic Partnerships, and Ankur Goel as Global Head of Revenue Operations.

Airwallex, a leading global payments and financial platform for modern businesses, today announced its partnership with Woo, a leading open-source ecommerce platform built on WordPress, to become an official payment extension on the platform. This Airwallex integration enables Woo merchants to accept cross-border payments within minutes by leveraging global cards, Apple Pay, Google Pay and 60+ popular local payment methods at checkout, thereby opening up the potential to access shoppers from millions of Woo stores, without the sting of high FX conversion fees.

Airwallex today shared data on the impact of a new generative AI tool that enhances the speed and efficacy of its “Know your Customer” (KYC) and onboarding processes. The new tool reduces ‘false positives’ by 50 percent on average, while boosting the number of customers that pass through the onboarding process without human intervention by 20 percent.1

Airwallex, a leading global payments and financial platform for modern businesses, today announced it has signed a definitive agreement to acquire MexPago, a Mexico-based payment service provider and an Institution of Electronic Payment Funds (IFPE) license-holder. The transaction is subject to regulatory approvals and customary closing conditions.

Airwallex, a leading global payments and financial platform for modern businesses, today announced its partnership with Alpaca, a developer-first API brokerage platform, to support Alpaca’s global payments and foreign exchange (FX) needs. The announcement comes on the heels of several recent Airwallex wins in the wealthtech category, including Public and OurCrowd.

Airwallex, a leading global payments and financial platform for modern businesses, today announced a partnership with Brex, a leading U.S.-based financial technology company, to support its global expansion. Airwallex continues to assemble a rapidly growing ecosystem of customers and partners, validating its position as a catalyzing force in global money movement infrastructure and proving the power of collaborative innovation in fintech.

Airwallex, a global payments and financial platform for modern businesses, today announced its official launch in Israel to fuel future expansion across the region, including the appointment of Or Liban as Airwallex’s Head of Israel and the Middle East.

Airwallex today announced the launch of its global payments services in Canada. The launch will empower Canadian businesses to tap into Airwallex’s global payments and financial platform, offering a faster, more cost-effective and transparent alternative to the traditional banking platform.

Airwallex has today announced senior appointments to its global leadership team as the global payments and financial platform focuses on its expansion into 2023.

Global fintech Airwallex is pleased to announce that it has been chosen by TripActions as the partner of choice for its global cross-border payments and FX needs to support TripActions Liquid, its corporate card and expense management solution.

Global fintech Airwallex today announced it has partnered with Plaid, the data network powering the digital financial ecosystem, to offer an integrated solution that can streamline Automated Clearing House (ACH) payments, and enable a more seamless, safe and cost-efficient way to authorize debits from their bank accounts and fund their Airwallex accounts.

A recent study by global fintech platform Airwallex revealed that small and medium-sized enterprise (SME) businesses in the U.S. plan to expand in 2023. While the pandemic and uncertain market conditions have impacted many businesses this year, a vast majority of SMEs (82%) still plan to expand into new markets and are mapping out their strategies to do so successfully.

Airwallex, a leading global fintech platform, today announced that it recently closed its Series E extension (“Series E2”) with the same US$5.5 billion valuation, and secured more funds from existing investors Square Peg, Salesforce Ventures, Sequoia Capital China, Lone Pine Capital, Hermitage Capital, 1835i Ventures and Tencent. HostPlus, an Australian industry superannuation fund, as well as a leading North American pension fund also participated in this round. With an additional US$100 million, Airwallex’s total funding increased to more than US$900 million to propel the company’s global growth trajectory.

Airwallex, a leading global fintech platform, announced it has been recognized as the “Startup of the Year” in the US FinTech Awards.

Airwallex, one of the fastest growing global fintech platforms, has been named to the Forbes Cloud 100 for the third year running. As the definitive ranking of the top 100 private cloud companies in the world, the Cloud 100 list is published by Forbes in partnership with Bessemer Venture Partners and Salesforce Ventures.

Airwallex, a leading global fintech platform, announced the launch of its Airwallex Online Payments App on Shopify. The Airwallex Online Payments App is a payment gateway plugin that merchants can integrate on their online store to accept payments from their global customers.

The Fintech Power 50, a list of the 40 most innovative companies and 10 visionary personalities shaping the financial services industry, has been revealed for 2022.

Leading financial platform Airwallex today announced the launch of its global payment services in New Zealand. The launch will enable businesses in New Zealand to tap into Airwallex’s global payments services, offering a faster, more cost-effective and transparent alternative to traditional banks.

Leading global fintech platform Airwallex is excited to announce it has joined HubSpot’s App Accelerator program to bring high quality apps to international companies. The accelerator marks the first partnership between the two companies, which will enable HubSpot users to access Airwallex’s global financial infrastructure. Joining the accelerator enables Airwallex to significantly speed up its development of integrations for joint HubSpot and Airwallex customers, who are based all over the world.

Building on its growing suite of accounting integrations, global fintech Airwallex announces a new bank feed integration with leading accounting software NetSuite, developed in partnership with Onlineone, a NetSuite Solution Partner.

Global fintech platform Airwallex is pleased to announce the launch of its global Expenses platform, providing a modern solution for businesses to manage their expenses in a fast, seamless and hassle-free way.

Airwallex, a leading global fintech platform, today introduced the U.S. Airwallex Borderless Card1, a virtual Visa card issued by Community Federal Savings Bank (“CFSB”), which enables U.S. businesses to easily make digital card payments around the world.

Airwallex, a global fintech platform, announces the growth of its U.S. team with two key senior hires across its business development, partnerships, legal, and compliance teams as the business accelerates its growth in the U.S. and globally.

Airwallex, one of the fastest-growing global fintech platforms, today announced it has raised an additional US$100 million in a Series E1 financing round. This new funding raises Airwallex’s valuation to US$5.5 billion and comes just a month after Airwallex announced an oversubscribed Series E round as the company looks to accelerate its global expansion plans. This latest round takes Airwallex’s total Series E fundraising to US$300 million, with US$802 million raised in total.

CB Insights today named Airwallex to the fourth annual Fintech 250, a prestigious list of emerging private companies working on groundbreaking financial technology. This year’s list was unveiled on stage at CB Insights’ Future of Fintech conference in New York City.

Airwallex, one of the fastest growing global fintech platforms, today announced it has raised US$200 million in an oversubscribed Series E financing round, increasing the company’s valuation to US$4 billion. This latest investment follows an extended Series D capital raise earlier this year in March, cementing Airwallex’s position as one of the fastest growing unicorns amid an unprecedented business environment affected by COVID.

Airwallex, a global fintech platform, today announced its launch in the US. This launch represents Airwallex’s expansion into North America as Airwallex continues its international growth momentum. U.S.-based businesses can now enjoy a full suite of products to support their cross-border payment needs in a fast, transparent and secure way.