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Airwallex
Cross-border payments for businesses
- 1001+ employees
- Fintech
- B2B
- Banking
- Foreign exchange
- Financial Services
- Fitzrovia, London, UK
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Company mission
To build global financial infrastructure and applications to empower businesses to operate anywhere, anytime.
Our take
Business is increasingly globalised, so there are many more companies selling to a broader base of international customers. These businesses need to be able to transfer foreign revenues back to their home currency, but this can be an expensive and time-consuming process. Airwallex exists to make this process painless and is aiming to disrupt the foreign exchange market for businesses the same way Transferwise did for consumers.
While it counts traditional banks as competitors, Airwallex stands out by its pricing, saving clients as much as 90% on foreign exchange rates vs. traditional banks. It also provides a range of financial solutions including corporate cards and expense management software, as well as a range of integrations into most commonly used accounting packages. This has seen its product adopted by over 20,000 corporate customers.
Founded in 2015 in Melbourne, Australia, Airwallex has grown to be one of the leaders in fintech with a valuation exceeding $5 billion and a global reach. Recently focusing on the APAC region, the company has expanded into Singapore and Malaysia, in addition to its increasing its presence in Hong Kong and mainland China. Having experienced 100% year on year customer growth over 2022 off the back of impressive Series E funding, this focus seems to be paying off.
Freddie
Company Specialist at Welcome to the Jungle
Benefits
- 3 months “work from anywhere” per year
- On-site meals and snacks
Company values
- Customers First - Our customers are why we are here. Knowing them, keeping them and consistently delivering a superior experience is the only way we can fulfill our mission
- Obsessive Curiosity - We always start by asking why and seek to understand. We have a hunger for knowledge, seek challenges that are insatiably interesting and always consider if there are better ideas
- Inspire and Be Inspired - We are a melting pot of cultures and ideas, and we recognise that happy, healthy and highly-functioning teams are inclusive and diverse. We celebrate success, share knowledge, learn and grow together
- Intellectual Honesty - We want to constantly seek the truth, to be open, constructive and transparent, approaching every problem with data and facts, not conjecture and opinion
- Craftsmanship - We are about product and engineering excellence. We create products and solutions with passion, finesse and meticulous attention-to-detail to deliver the best customer experience and outcome
- Make Impact - The reason we show up every day is our desire to make an impact and create a better world with what we do. We have one purpose in mind - to empower businesses of all sizes to grow without borders and scale the digital economy
Funding (last 2 of 11 rounds)
Oct 2022
$100m
SERIES E
Nov 2021
$100m
SERIES E
Total funding: $902m
This company has top investors
Leadership
Jack Zhang
(CEO)They have 8 years of experience as a developer, including roles at Aviva, Morgan Stanley and National Australia Bank. They are a Founder of Capital 49.