Annualized revenueUSD 1.3 billionCompany disclosure · Jun 25, 2026
Series H financingUSD 320 millionPrivate financing · Jun 25, 2026
Series H valuationUSD 11 billionPrivate company valuation · Jun 25, 2026
- IPO filing
- Roadshow
- Pricing
- First trade
- Quiet period
- Lockup
Private valuation history
Dated private-company valuations · USD
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$11B▲ +37.5% since first observationLatest observation · 2026 Series H
- Private valuation
2025 Series G2025 Series G2026 Series H2026 Series H
First valuation$8B2025 Series G
Latest valuation$11B2026 Series H
Observations22025 Series G – 2026 Series H
Valuation change+37.5%since first observation
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Capital raised per round
Capital announced per private funding round · USD
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$320MLatest round · 2026 Series H
- Round capital
2025 Series G2025 Series G2026 Series H2026 Series H
First round$330M2025 Series G
Latest round$320M2026 Series H
Recorded rounds22025 Series G – 2026 Series H
Largest round$330M2025 Series G
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IPO recap
Offering not completed
IPO date, ticker, and IPO offer price are not yet confirmed.
Filed—
Pricing—
First trade—
Lockup ends—
The short version
Airwallex's September account redesign adds AI-controlled financial workflows. Private funding supports expansion, while IPO readiness remains a preparation goal without a confirmed offering date.
Key takeaway 1
IPO readiness is a preparation goal, with no confirmed offer timetable.
Key takeaway 2
September account redesign introduces agent-controlled workflows.
Key takeaway 3
March run rate and private financing valuation are not annual revenue or IPO terms.
Company in detail
Airwallex helps businesses manage accounts, foreign exchange, payments and spending across countries. It also supplies infrastructure that other platforms can embed in their products. The group has co-headquarters in Singapore and San Francisco, reflecting an international operating footprint rather than a single domestic payments franchise.
On 30 September 2026, Airwallex introduced a redesigned Business Accounts experience that brings entities, balances and activity into a central view. It described the use of customers' preferred AI agents to manage financial workflows within configured permissions, rules and approvals. The product direction combines money movement with the software used to organize it.
Our interpretation is that such consolidation could make Airwallex more deeply involved in finance operations. The assessment would need to distinguish announced automation capabilities from actual customer adoption and commercial results. Agent access also makes authorization, accuracy and oversight important product questions.
June's Series H provided $320 million at an $11 billion private valuation. Airwallex reported a $1.3 billion annualized revenue pace reached in March 2026. That is a run rate, not audited revenue earned during a full year. Transaction volume measures processed funds and needs separate treatment.
Management's reported ambition to become IPO-ready during 2026 did not commit the company to listing that year. No confirmed offering timetable or public prospectus was identified as of 7 October. A future filing would need to explain the issuer structure, geographic revenue, licence dependencies and margins across payments and software.
Operating metrics
Annualized revenue
USD 1.3 billionMarch 2026 run rate disclosed 25 June 2026; not audited annual revenue.
Jun 25, 2026Annualized transaction volume
USD 287 billionMarch 2026 run rate disclosed with Series H; processed funds, not company revenue.
Jun 25, 2026Businesses reached
More than 676,000Disclosure combines direct customers and businesses served through software platforms; not direct paying-customer total.
Jun 25, 2026Company profile
- Legal name
- Airwallex
- Headquarters
- Singapore and San Francisco, United States
- Founded
- 2015 in Melbourne, Australia
- Global co-headquarters
- Singapore and San Francisco
- CEO and co-founder
- Jack Zhang
- President and co-founder
- Lucy Liu
- Products
- Business accounts, cross-border payments, cards and spend management
- Embedded services
- Payments and financial infrastructure for platforms
- Employees
- No published figure
Timeline
- Series G
USD 330 million financing at USD 8 billion; San Francisco added as a co-headquarters.
- Series H
USD 320 million financing at USD 11 billion.
- Business Accounts redesign
Announced central account and entity visibility with preferred AI agents operating inside customer permissions, rules and approvals.
Annualized revenue
USD 1.3 billionMarch 2026 run rate disclosed 25 June 2026; not audited annual revenue.
Series H financing
USD 320 millionCompany-announced private financing round.
Series H valuation
USD 11 billionPrivate financing reference; not an IPO valuation.
Employees
—No published figure
Annualized transaction volume
USD 287 billionMarch 2026 run rate disclosed with Series H; processed funds, not company revenue.
Businesses reached
More than 676,000Disclosure combines direct customers and businesses served through software platforms; not direct paying-customer total.
Financials
No complete financial history available
Revenue
Financial history unavailableComparable financial periods will appear here when available.
No comparable financial series
Available dated disclosures are included in the company overview. View disclosures →
Valuation & peers
Price-to-sales, revenue growth and gross margin
Comparable metrics unavailableComparable company figures for the same date are not available.
Revenue growth (%)
| Company | P/S | Growth | GM |
|---|---|---|---|
| Airwallex | — | — | — |
| No published peer comparison | |||
Context: Private financing valuations and modeled market values do not establish an IPO valuation. Revenue run-rate is not used here to calculate a price-to-sales ratio.
Private valuation and funding details
Series H valuation
USD 11 billionPrivate financing reference; not an IPO valuation.
Series H financing
USD 320 millionCompany-announced private financing round.
IpoHub score
How we score—Not rated
Balance sheet—
Growth—
Community—
Profitability—
Valuation—
Individual category scores are not available.
Where the money goes
—
Use of proceeds—
Allocation percentages—
Net proceeds—
Details on the use of IPO proceeds are not available.
Key risks
Editorial analysisLicences and jurisdictions
Local permissions and operating entities affect which services can be offered and at what cost.
Automation controls
Our assessment would examine permissions, error handling and accountability when agents move money.
Growth economics
Product breadth and processed volume require separate evidence about margins, retention and cash generation.
Deal terms
- Ticker
- Not confirmed
- Exchange
- Not confirmed
- IPO price
- Not confirmed
- Price range
- Not confirmed
- Pricing date
- Not confirmed
- First trading day
- Not confirmed
- Shares offered
- Not confirmed
- Deal size
- Not confirmed
- Underwriters
- Not confirmed
- Greenshoe shares
- Not confirmed
- Lockup
- Not confirmed
- Quiet period expirations
- Not confirmed
Airwallex IPO: where and how to invest
Where can I invest in the Airwallex IPO?
The Airwallex IPO is currently marked as rumored; public share trading is not yet confirmed in this profile. If IPO subscriptions become available, you need a broker offering that specific deal to investors in your country. Having an account does not guarantee an allocation. After a confirmed listing, you can look for a broker that supports the relevant exchange.
Can I buy Airwallex shares now?
Public trading in Airwallex shares is not yet confirmed here. An announced or priced offering does not automatically mean you can buy the stock on an exchange. An IPO subscription and a private share purchase each have separate access requirements.
When is the Airwallex IPO?
A confirmed first trading day for Airwallex has not yet been published here. Check official company announcements and final offering documents; a planned timetable can change.
What is the Airwallex IPO share price?
A confirmed IPO offer price for Airwallex has not yet been published here. Private funding valuations and modeled private-market prices do not establish the eventual IPO share price.
What is Airwallex's stock ticker and exchange?
A stock ticker for Airwallex has not yet been confirmed here. An exchange has not yet been confirmed here. A proposed symbol or exchange does not establish that trading has begun. Verify the final listing announcement before placing an order.
Can I buy Airwallex shares before the IPO?
Private transactions or funds may sometimes provide exposure to Airwallex if a specific offer exists and you meet its requirements. This profile does not confirm an available private offer. A fund interest may provide indirect exposure rather than direct ownership of company shares. Private investments can have resale restrictions, uncertain valuations and limited exit options; a future IPO is not guaranteed.
Where can I find the Airwallex IPO prospectus?
Check Airwallex's official investor-relations announcements and publications from the relevant regulator and exchange. A confidential submission or an announcement about it is not a publicly available prospectus. Before subscribing, read the final prospectus for the risks, price, share class and offering terms.
More questions about the Airwallex IPO
Will Airwallex list in 2026?
Management described readiness work, but no confirmed listing date was identified as of 7 October 2026.
What is the latest disclosed private valuation here?
The June 2026 Series H announcement used an $11 billion valuation.
Is the $1.3 billion figure annual revenue?
It is the issuer-reported annualized revenue pace reached in March 2026, not a completed-year financial statement.
What changed in September?
Airwallex redesigned Business Accounts with a central view across entities and agent access governed by permissions and approvals.
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