"Jack Zhang, CEO of Airwallex, discusses the company's journey towards a $1 billion valuation and its vision for the future of payment infrastructure"
Airwallex, a Singapore-based cross-border payments company, is making waves in the financial industry with its rapid growth in 2025. The company, which enables businesses to send and receive funds across more than 150 countries, is approaching $900m in annualized revenue and expects to hit $1bn later this year.
Expanding Horizons
Airwallex's growth strategy for 2025 focuses on rapidly expanding its global financial infrastructure and customer base. The company aims to serve the payment needs of small and medium-sized businesses (SMBs) globally, positioning itself as a global banking platform. To achieve this, Airwallex is aggressively hiring and expanding its operations in key regions such as the UK, Japan, Korea, UAE, and Latin America.
The company's goal is to increase its monthly active customers to more than one million by 2030, with a current base of 150,000 businesses onboarded. Despite this impressive growth, only 20% of Airwallex's transactions currently contain Foreign Exchange (FX), indicating a focus on domestic transactions and a potential for growth in the FX market.
Stablecoins and AI: The Future of Finance
While Airwallex is grounded in regulated, multi-currency financial services, it is also exploring the future of finance through AI and stablecoin technologies. Regarding stablecoins, while there is no explicit integration or heavy investment as of mid-2025, the company is exploring the use of stablecoins for multicurrency products and "holding" stablecoins for its customers.
In terms of AI, Airwallex is increasingly implementing AI across its internal and customer-facing services, with a focus on how AI will change financial infrastructure in the future. However, specific AI initiatives or integrations in 2025 have not been detailed explicitly.
Financial Innovation: Airwallex Yield
One of the most notable developments in Airwallex's journey is the launch of Airwallex Yield in Singapore. This product enables businesses to earn returns on multi-currency funds through investment in money market funds, marking an innovation in cash management and treasury solutions.
A Bright Future Ahead
Airwallex is approaching a significant milestone, aiming to be a leader in the future of banking. Leveraging its technology and global reach, the company aims to provide innovative financial solutions to businesses worldwide. However, the industry is still a long way from mainstream adoption of stablecoins, and Airwallex acknowledges that there is a lot that the industry doesn't understand about stablecoins.
In March 2025, Airwallex secured $300m in a Series F funding round, bringing its valuation to $6.2bn. With its strong focus on growth, innovation, and customer service, Airwallex is undoubtedly a company to watch in the years to come.
- Airwallex, in its pursuit of becoming a global banking platform, is also delving into the world of technology, exploring the potential of stablecoins for multicurrency products and considering holding stablecoins for its customers.
- In the realm of business and finance, Airwallex Yield, a cash management and treasury solution offering multi-currency fund investments, stands as a groundbreaking innovation from Airwallex, adding a new dimension to its service offerings.
