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
Hover or tap to inspect values
$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
Use Left and Right arrows to select a data point. Home and End select the first and last. Tap to pin a selection; Escape or Reset clears it.
Capital raised per round
Capital announced per private funding round · USD
Hover or tap to inspect values
$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
Use Left and Right arrows to select a data point. Home and End select the first and last. Tap to pin a selection; Escape or Reset clears it.
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 is a private payments and business-finance group. It aims to be IPO-ready, but readiness is not a confirmed offering. Its private Series G and H provide dated financing references.
Key takeaway 1
IPO-readiness ambition; no confirmed offering timetable.
Key takeaway 2
Private valuations, capital raised and revenue run rate are distinct.
Company in detail
Airwallex helps businesses hold money, make cross-border payments and manage spending. It also supplies infrastructure to platforms that embed financial services in their own products. Direct customers and businesses served through platform partners are different populations, so aggregated reach should not be read as a count of direct paying clients.
The group began in Melbourne in 2015 and now describes Singapore and San Francisco as its global co-headquarters. The offering addresses businesses operating across currencies and jurisdictions. Investors would need to evaluate the economics of these services alongside local licensing and partner arrangements.
Series G in December 2025 and Series H in June 2026 establish two disclosed private financing points. The chart distinguishes financing amounts from valuation references. The company’s annualized revenue is a run rate, not audited revenue for a completed financial year. Transaction volume likewise measures money processed, rather than income earned.
Reporting in June described an ambition to be IPO-ready by the end of 2026. That is preparation guidance, not a listing commitment. No public offering date or prospectus was identified as of 7 October 2026. A future filing would need to clarify the issuer, geographic revenue mix and the durability of growth.
Operating metrics
Annualized revenue
USD 1.3 billionMarch 2026 run rate disclosed 25 June 2026; not audited annual revenue.
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.
Sources
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
Net income
—No published figure
Operating cash flow
—No published figure
Financials
No reported financial periods with figures available
Revenue
No published financial dataReported financial periods will appear here when available.
No reported period with figures
Financial results are not available in the sources listed here.
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.
Source · Jun 25, 2026Series H financing
USD 320 millionCompany-announced private financing round.
Source · Jun 25, 2026IpoHub 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 analysisInternational execution
Cross-border operations require dependable local infrastructure and controls.
Pricing pressure
Banks and fintech platforms compete in payments and foreign exchange.
Metric definitions
Platform reach, processed volume and company revenue describe different things.
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
Frequently asked questions
Will Airwallex list in 2026?
No confirmed listing date was identified. IPO-ready by year-end is an aspiration.
What is the latest disclosed private valuation?
The June 2026 Series H announcement stated USD 11 billion.
Is processed volume revenue?
No. Payments processed and revenue earned are different measures.
Similar IPOs
All IPOs →Not investment advice. Private market prices are dated model estimates. Community votes are not a recommendation.