Airwallex Raises $320M at $11B Valuation to Build AI-Native Financial Operating System and Agentic Commerce Tools

Airwallex, the global payments platform operating from San Francisco and Singapore, has closed a $320 million Series H round at an $11 billion valuation—a 38% jump in just six months. The round was led by Addition and drew participation from Baillie Gifford, T. Rowe Price, QED Investors, and Amex Ventures, among others.

The company reports annualized revenue of $1.3 billion, up 74% year-over-year, with annualized transaction volume more than doubling in the same period. Over 90% of revenue now comes from customers using multiple Airwallex products, signaling deepening integration into clients’ financial operations rather than single-use adoption.

Where the Capital Goes

The fresh funding targets three priorities: accelerating development in autonomous finance and agentic commerce, expanding its regulatory footprint into new markets, and scaling AI-native financial software teams. Airwallex already holds more than 85 licenses across North America, Europe, the Middle East, and Asia-Pacific.

Two new AI products were announced alongside the raise:

• T:0: an AI-native platform currently in private beta that automates corporate finance functions including bookkeeping, tax, compliance, and reporting.
• Airi: an agentic consumer wallet designed to support delegated agent payments, spending limits, permission controls, and multi-currency balances.

CEO Jack Zhang said: “The licenses, local network integrations, and settlement rails we spent ten years constructing are precisely the kind of infrastructure it needs. This new capital lets us move faster into Airwallex’s next chapter.”

The Agentic Economy Thesis

Airwallex is delaying its IPO, with Zhang noting that heavy AI investment has made margins “too volatile to go public” for now. The company holds 85+ regulatory licenses across major markets—positioning its compliance infrastructure as a moat for the emerging agentic economy where AI systems handle payments autonomously.

Key Takeaways

• Airwallex is transitioning from payments infrastructure to a full AI-powered financial operating system—its 90%+ multi-product revenue share indicates genuine platform stickiness ahead of this shift.
• T:0 and Airi directly target agentic commerce: one automates enterprise back-office finance, the other enables AI-delegated consumer payments.
• Choosing to stay private during heavy AI investment reflects a broader pattern: companies building deep AI infrastructure are prioritizing long-term positioning over near-term public market scrutiny.

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