Fintech Airwallex secures $320 million in new funding round at $11 billion valuation

June 26 (Reuters) – Payments firm Airwallex said on Friday it raised $320 million at a valuation of $11 billion, marking a near 38% jump from its previous financing late last year, with eyes on expanding its global footprint and AI offerings.

Here are some details:

• The funding brought Airwallex’s total funding to $1.8 billion as of June, according to its website.

• “The investment will help Airwallex accelerate product development across autonomous finance and agentic commerce,” the fintech firm said.

• Airwallex also announced two new product offerings: a platform automating bookkeeping and compliance for businesses, and a consumer digital wallet.

• Earlier in the year, the company acquired South Korea’s Paynuri, securing local payments licences and a foreign-exchange business registration to operate directly in the country.

• In March, the company reached $1.3 billion in annualised revenue, up 74%, and $287 billion in annualised transaction volume, more than double the previous year.

• Airwallex, founded in Melbourne in 2015 and co-headquartered in San Francisco and Singapore, holds more than 85 licenses across continents and caters to more than 676,000 businesses, according to its statement.

• The latest round of funding was anchored by New York-based venture capital firms Addition, T. Rowe Price, and Hummingbird, among others.

(Reporting by Kumar Tanishk in Bengaluru; Editing by Rashmi Aich)