Superannuation funds Hostplus and NGS Super have participated in a US$300 million Series F funding round for Melbourne-founded global payments and financial platform for modern businesses, Airwallex, at a US$6.2 billion valuation.
According to Airwallex, the round included US$150 million in secondary share transactions from early investors, with the new investment bringing Airwallex’s total financing to over US$1 billion.
Other investors included Square Peg, DST Global, Lone Pine Capital, Blackbird, Airtree, Salesforce Ventures, along with Hostplus and NGS Super, while Visa Ventures joined as a strategic investor.
The added capital will reportedly go towards expanding Airwallex’s global infrastructure into new markets, while continuing to refine and scale its software.
Co-founder and CEO of Airwallex, Jack Zhang, said the “global financial system wasn’t built for today’s borderless economy”.
“Too many businesses are held back by legacy infrastructure that’s slow, costly and fragmented. At Airwallex, we’re building a new foundation for the global economy – one that’s fast, seamless and built for scale.
“This investment marks a major milestone in our journey to redefine global finance and to empower businesses everywhere to grow without limits,” Zhang added.
Paul Bassat, partner and co-founder of Square Peg, commented that Airwallex’s product offering meets the “critical needs for a large and growing cohort of global-first, digital-first companies that, in many cases, have complex financial services needs”.
“Jack Zhang and his team are creating something very special, and we believe they are early in their journey,” Bassat added.
The company reported annualised revenue of US$720 million in March 2025, an increase of 90 per cent year-on-year, and exceeded US$130 billion in global annualised payments volume.
Additionally, Airwallex grew its customer base by 50 per cent, serving around 150,000 businesses worldwide.
In the Asia-Pacific region, key growth drivers included the launch of Airwallex Yield in Australia and Hong Kong, along with the expansion of the Airwallex for Startups program into Australia, Singapore and New Zealand.
These initiatives contributed to a 109 per cent year-on-year revenue increase for the first quarter of 2025 compared to the same period in 2024. The company also expanded its presence in Vietnam through a recent acquisition earlier this year.
Meanwhile, the company reported accelerated growth across the Americas and EMEA regions over the past four years, with gross profit growing at a CAGR of more than 250 per cent in both regions.
