Airwallex secures $320 million, reaching an $11 billion valuation.

      Airwallex has secured $320 million in a Series H funding round, raising its valuation to $11 billion, up from $8 billion in December 2025. The payments company is shifting its focus towards “autonomous finance” and AI agents that carry out transactions on users' behalf.

      The global payments platform raised this amount with Addition, a returning investor, leading the round. This represents a significant increase, as Airwallex has raised its valuation by $3 billion in about six months. The new funding emphasizes the company’s goal to transition from merely facilitating payments to managing finance itself, utilizing AI technology.

      The investor roster is impressive, including Baillie Gifford, Hummingbird, QED Investors, T. Rowe Price, Hedosophia, Haun Ventures, Washington University in St. Louis, and Amex Ventures. This diverse group consists of crossover funds, fintech experts, and a crypto investor interested in agent payments.

      Airwallex intends to utilize the funds to expedite its venture into autonomous finance, broaden its regulatory presence in new markets, and expand teams focused on developing AI-driven financial software.

      The motivation behind this fundraising is clear. Airwallex is experiencing rapid growth; by March 2026, it achieved $1.3 billion in annualized revenue, marking a 74% year-over-year increase, with annualized transaction volume reaching $287 billion, up by over 120%.

      The platform's stickiness has also improved, with over 90% of revenue coming from customers using multiple Airwallex products. This cross-selling is particularly valuable to investors, as it enhances the lifetime value of each account.

      Airwallex currently serves over 676,000 businesses worldwide, either directly or through its partners. Its range of products includes 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, with dual headquarters in San Francisco and Singapore and a workforce of over 2,300 across 27 locations.

      This funding round is not solely about payments. Airwallex asserts that the licenses and settlement systems it has developed over the past decade are essential for an AI-driven economy, aiming to create an intelligent layer on top of these foundations. Jack Zhang, co-founder and CEO, stated, “We believe this is the most consequential moment in the history of global finance, and we are building accordingly.” He noted that while the specifics of the agent-based economy were uncertain a decade ago, they laid the groundwork for it.

      To illustrate this vision, Airwallex introduced two new products. The first, T:0, is an AI-integrated finance platform designed to manage an entire company's finance functions, automating bookkeeping, forecasting, tax, compliance, and reporting from the outset, currently in private beta testing.

      Zhang’s pitch for T:0 is straightforward—he aims for founders to achieve “CFO-grade books” without the need to hire a finance team or overhaul systems, positioning it as a direct alternative to the collection of tools typically used by small businesses.

      Airwallex is also enhancing its capabilities through acquisitions. Earlier in June, it acquired Leapfin, a platform for revenue recognition and reconciliation, to convert raw transaction data into GAAP-compliant financial statements, integrating seamlessly with T:0.

      The rationale is tied to Zhang’s recurring assertion that the AI era lacks a defined home market. Small teams now operate globally from the outset, often led by a few individuals and an array of agents. Airwallex aims to serve as their finance department.

      The second product, Airi, is an agentic consumer wallet that incorporates Airwallex’s one-click checkout, reportedly boosting successful checkout conversions by up to 14% in initial testing.

      The larger vision for Airi involves transforming it into wallet infrastructure that facilitates software agents making purchases on users' behalf. This entails features like delegated payments, spending limits, permission controls, and multi-currency balances, all adhering to regulatory standards.

      The reasoning is clear: when an AI agent conducts transactions on behalf of a user, it requires a secure, global channel to access real funds, whether in fiat or stablecoin form. Airwallex seeks to be that channel.

      Airwallex is not alone in its efforts. The competition to control the payment infrastructure that AI agents use is a highly contested arena in fintech. Major players are already adapting; for example, Stripe has modified its Link wallet for agents and teased stablecoin settlement capabilities for inter-agent transactions. OpenAI has integrated Visa into ChatGPT, enabling agents to shop and pay across numerous merchants, while competitors like Mastercard, PayPal, and Google are developing rival systems.

      Newer entrants are also emerging; for instance, Meow Technologies has introduced what it claims is the first agentic banking platform for AI agents, complete with embedded approval workflows. The underlying