Airwallex has raised $320 million in a Series H funding round, valuing the global payments and financial platform at $11 billion, up from its $8 billion valuation in December 2025.
The company, which launched operations in Israel three years ago, said the new funding will support product development, international expansion and hiring.
The round was led by existing investor Addition, with participation from Baillie Gifford, Hummingbird, QED Investors, T. Rowe Price, Hedosophia, Haun Ventures, Washington University in St. Louis and Amex Ventures.
Airwallex said it plans to use the capital to develop AI-based financial software, expand its payments infrastructure and regulatory presence in additional markets, and grow its engineering and product teams.
Or Liban, Airwallex's vice president and head of its Tel Aviv center, said the company plans to continue expanding its operations in Israel. The Tel Aviv office currently employs about 30 people after doubling its workforce over the past year, and the company is continuing to recruit as it expands across Israel and the Middle East.
Co-founder and CEO Jack Zhang said the funding would support the company's focus on AI-powered financial services, including autonomous finance tools and payment infrastructure designed for AI agents.
Or Liban, head of Israel and the Middle East for Airwallex
(Photo: Eyal Toueg)
As part of the announcement, Airwallex unveiled two new products.
The first, T:0, is an AI-based financial platform designed to automate bookkeeping, forecasting, tax management, compliance and financial reporting for businesses. The product is currently in private beta and is expected to become more widely available in the coming weeks.
The second, Airi, is a digital wallet platform intended to simplify online checkout and support AI-driven commerce. According to Airwallex, early testing showed the product increased merchant conversion rates by up to 14%. The company said it plans to add features including delegated AI agent payments, spending controls and multi-currency balances.
Founded in Melbourne in 2015, Airwallex provides payment processing, global accounts, corporate cards and expense management services. The company says it serves more than 200,000 businesses worldwide and holds more than 80 financial licenses across North America, Europe, the Middle East and Asia-Pacific. Co-headquartered in San Francisco and Singapore, Airwallex employs more than 2,000 people across 26 offices and said it plans to continue hiring in Israel and the Middle East.