Airwallex raises $320M at an $11bn valuation

Airwallex raised $320 million in Series H funding at an $11 billion valuation, up from $8 billion in December 2025, led by Addition. The payments company plans to use the funds to pivot toward autonomous finance and AI agents that handle transactions on behalf of users.

Airwallex has raised $320M at an $11bn valuation, up from $8bn in December. The payments company is now pivoting to “autonomous finance” and AI agents that transact on your behalf. Airwallex, the global payments platform, has raised $320m https://www.airwallex.com/global/newsroom/airwallex-secures-320-million-in-series-h-funding-valuation-hits-11-billion in a Series H round. The deal values the company at $11bn, up from $8bn in December 2025. Returning investor Addition led the round. That is a fast climb. Airwallex has lifted its valuation by $3bn in roughly six months. The new money arrives with a clear theme: the company wants to move from moving money to running finance itself, with AI doing the work. The investor list is deep. Alongside Addition, the round drew Baillie Gifford, Hummingbird, QED Investors, T. Rowe Price, Hedosophia, Haun Ventures https://thenextweb.com/news/haun-ventures-billion-fund-crypto-ai-agents-fintech , Washington University in St. Louis and Amex Ventures. It is a mix of crossover funds, fintech specialists and a crypto investor betting on agent payments. Airwallex says the cash will accelerate its push into autonomous finance, expand its regulatory footprint into new markets, and grow the teams building its AI-native financial software. The momentum behind the raise Airwallex is growing fast. In March 2026 it hit $1.3bn in annualised revenue, up 74% year on year. Annualised transaction volume reached $287bn, up more than 120%. The platform is also getting stickier. More than 90% of revenue now comes from customers using more than one Airwallex product. That cross-selling is what investors prize, because it lifts the value of each account over time. The scale is real. Airwallex serves more than 676,000 businesses worldwide, directly or through platform partners. Its products span payment acceptance, billing, global accounts, corporate cards and spend management. Founded in Melbourne in 2015, the company holds more than 85 licenses across North America, Europe, the Middle East and Asia-Pacific. It is co-headquartered in San Francisco and Singapore, with over 2,300 staff across 27 offices. From payments rails to a finance brain The pitch this round is not about payments alone. Airwallex says the licenses and settlement rails it spent ten years building are exactly what an AI-driven economy needs. Now it wants to build the intelligent layer on top. “We believe this is the most consequential moment in the history of global finance, and we are building accordingly,” said Jack Zhang, co-founder and chief executive. “A decade ago, we did not know exactly what the agentic economy would look like, but we built a foundation for it.” To make the point, the company unveiled two products. The first is T:0, an AI-native finance platform meant to run a company’s entire finance function. It automates bookkeeping, forecasting, taxes, compliance and reporting from day zero. It is in private beta for now. The pitch for T:0 is blunt. Zhang wants founders to get “CFO-grade books” without hiring a finance team or migrating systems. It is a direct swing at the patchwork of tools that small companies usually stitch together. Airwallex has been buying that capability, too. Earlier in June it acquired Leapfin, a revenue-recognition and reconciliation platform, to turn raw transaction data into GAAP-ready financials. That deal feeds straight into T:0. The thinking traces back to a simple claim Zhang likes to repeat: the AI era has no home market. Small teams now go global from day one, often run by a handful of people and a stack of agents. Airwallex wants to be their finance department. A wallet for the agents The second product is Airi, an agentic consumer wallet. At launch it folds in Airwallex’s one-click checkout, which the company says lifted successful checkout conversions by up to 14% in early testing. The bigger idea is what comes next. Airwallex plans for Airi to become wallet infrastructure for software agents that buy things for you. That means delegated payments, spend limits, permission controls and multi-currency balances, all on regulated rails. The logic is simple. When an AI agent transacts on your behalf, it needs a safe, global conduit to touch real money, whether fiat or stablecoins. Airwallex wants to be that conduit. The agentic commerce land grab Airwallex is not alone in this race. The fight to own the payment rail that AI agents use is now one of fintech’s hottest contests. The biggest names are already moving. Stripe https://thenextweb.com/news/stripe-collison-agentic-commerce-reshape-internet has adapted its Link wallet for agents and previewed stablecoin settlement for agent-to-agent payments. OpenAI has wired Visa into ChatGPT so its agents can shop and pay https://thenextweb.com/news/openai-visa-chatgpt-agentic-commerce-payments across millions of merchants. Mastercard, PayPal and Google are all building rival protocols. Smaller players are circling too. Meow Technologies has launched what it calls the first agentic banking https://thenextweb.com/news/meow-technologies-agentic-banking-ai-agents platform for AI agents, with approval workflows baked in. The shared assumption is that agents will soon move money, and someone has to hold the keys. The money is following the thesis. Mastercard recently agreed to buy stablecoin firm BVNK for up to $1.8bn, and Stripe bought Bridge for $1.1bn last year. Big payment companies clearly expect agents and stablecoins to need new plumbing. Airwallex argues its edge is the boring part: regulation. Building 85 licenses and local settlement networks takes years, and agents need that compliance to transact at all. Lee Fixel of Addition made the same case, saying the winners will build “on top of real financial infrastructure, not around it.” The bet The strategy carries risk. Airwallex is moving from a proven payments business into products that barely exist yet. T:0 is in beta, and the agentic wallet is mostly a roadmap. It is also crowded. Stripe is far larger, the card networks have global reach, and rivals like Revolut https://thenextweb.com/news/revolut-business-banking-b2b-storonsky-growth are pushing hard into business banking. Airwallex must turn its infrastructure lead into software people actually use. Still, the timing is bold. Airwallex spent a decade building rails for a borderless economy, and it is now betting that AI agents will be the heaviest users of those rails. Whether the agentic economy arrives fast enough to justify an $11bn price tag is the question this round leaves open. For now, the money is betting it will. 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