Tesla · China · Fortune Technology
Airwallex scales up from cross-border payments to autonomous finance—though president Lucy Liu confirms it’s still ‘not the
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Airwallex president Lucy Liu invokes a car metaphor to describe one of her company’s newest products.
Key facts
- The round valued Airwallex at $11 billion, up from the $8 billion valuation the startup got in December, when it raised $330 million in another Addition-led funding round
- In the wake of some mega-U.S. IPOs—namely, SpaceX’s $85.7 billion debut and SK Hynix’s $26.5 billion ADR sale —as well as likely offerings from both OpenAI and Anthropic, debuts from other companies
- The platform now serves over 675,000 businesses, with over $1 billion in annualized run rate revenue
- In late June, Airwallex raised $320 million in a Series H funding round led by Addition, a returning investor, alongside Baillie Gifford, T
Summary
T:0 is part of a broader pivot for Airwallex, which got its start in Australia, and has emerged as a major global player in fintech and payments. In late June, Airwallex raised $320 million in a Series H funding round led by Addition, a returning investor, alongside Baillie Gifford, T. CEO Jack Zhang, at the time, said the money would help the company “move faster into Airwallex’s next chapter: autonomous finance, agentic commerce, and the infrastructure to power both.” “Our fundraising has been rapid over the past two years,” Liu tells Fortune, adding that this most recent round came because of “ongoing conversations” with existing investors like Addition.