---
title: "Airwallex revenue and valuation"
description: "Airwallex's revenue is estimated at $1.16B–$1.68B, last reported at $1.4B. Valued at $11B after raising $1.85B. Funding rounds and competitors."
url: https://www.tryspecter.com/revenue-valuation/airwallex.md
canonical_url: https://www.tryspecter.com/revenue-valuation/airwallex
publisher: Specter
last_updated: 2026-11-01
---

# Airwallex revenue and valuation

Specter estimates Airwallex's annual revenue at $1.16B to $1.68B and its valuation at $10.4B to $14.3B. The company last reported $1.4B revenue in October 2026 and was priced at $11B in June 2026.

Airwallex provides a global payments platform with multi-currency accounts and spend management.

- Estimated revenue: $1.16B to $1.68B (October 2026)
- Estimated valuation: $10.4B to $14.3B (October 2026)
- Last reported revenue: $1.4B (October 2026)
- Total funding: $1.85B
- Founded: 2015
- Headquarters: Singapore, Singapore
- Employees: 2,973
- Sector: Fintech
- Specter Rank: #81,369

## Airwallex revenue

Airwallex grew from $1B revenue in December 2024 to $1.4B in October 2026. Specter's model puts current revenue between $1.16B and $1.68B, anchored to six reported figures.

| Reported figure | Date | Source |
| --- | --- | --- |
| $1.4B revenue | October 2026 | [9 insights from ‘Private Tech Trailblazers’: Vertical AI becomes the growth engine](https://siliconangle.com/2026/10/03/private-tech-trailblazers-vertical-ai-becomes-growth-engine-privatetechtrailblazersconference/) (siliconangle.com) |
| $1.5B ARR | May 2026 | [AIRWALLEX JUST RAISED NEW FUNDING AT A $12 BILLION VALUATION](https://x.com/IPONewsroom_/status/2060101895046459600) (x.com) |
| $1.3B ARR | April 2026 | [I'm the new Head of Startups at Airwallex.](https://www.linkedin.com/posts/michael-morgenstern89_im-the-new-head-of-startups-at-airwallex-activity-7450572411860844544-49wp) (linkedin.com) |
| $1.2B revenue | December 2025 | [Fintech Airwallex buys South Korea's Paynuri in Asia expansion](https://reuters.com/world/asia-pacific/airwallex-buys-south-koreas-paynuri-after-fundraising-8-billion-valuation-2026-01-20/) (reuters.com) |
| $900M ARR | July 2025 | [We are doing extremely well in June.](https://x.com/awxjack/status/1950269529621172485) (x.com) |
| $1B revenue | December 2024 | [Airwallex's $465M raise brings its valuation close to $10 billion](https://www.startupdaily.net/topic/funding/airwallexs-465m-raise-brings-its-valuation-close-to-10-billion/) (startupdaily.net) |

| Month | Specter estimate | Low | High |
| --- | --- | --- | --- |
| October 2026 | $1.4B | $1.16B | $1.68B |
| September 2026 | $1.42B | $690M | $2.15B |
| August 2026 | $1.44B | $1.1B | $1.88B |
| July 2026 | $1.46B | $1.16B | $1.84B |
| June 2026 | $1.48B | $1.22B | $1.79B |
| May 2026 | $1.5B | $1.25B | $1.8B |
| April 2026 | $1.3B | $1.08B | $1.56B |
| March 2026 | $1.14B | $940M | $1.38B |
| February 2026 | $1B | $830M | $1.2B |
| January 2026 | $1.1B | $900M | $1.33B |
| December 2025 | $1.2B | $1B | $1.44B |
| November 2025 | $1B | $830M | $1.2B |
| October 2025 | $970M | $800M | $1.17B |
| September 2025 | $930M | $770M | $1.13B |
| August 2025 | $900M | $750M | $1.08B |
| July 2025 | $900M | $750M | $1.08B |
| June 2025 | $910M | $720M | $1.16B |
| May 2025 | $930M | $750M | $1.15B |
| April 2025 | $940M | $740M | $1.21B |
| March 2025 | $960M | $760M | $1.2B |
| February 2025 | $970M | $790M | $1.19B |
| January 2025 | $990M | $810M | $1.19B |
| December 2024 | $1B | $830M | $1.2B |
| November 2024 | $400M | $280M | $510M |
| October 2024 | $370M | $270M | $480M |
| September 2024 | $660M | $390M | $930M |
| August 2024 | $370M | $280M | $460M |
| July 2024 | $350M | $270M | $430M |
| June 2024 | $350M | $270M | $440M |

## Airwallex valuation

Airwallex's valuation rose from $1B at its Series C in March 2019 to $11B at its Series H in June 2026. Specter's live estimate sits between $10.4B and $14.3B.

| Month | Specter estimate | Low | High |
| --- | --- | --- | --- |
| October 2026 | $12.2B | $10.4B | $14.3B |
| September 2026 | $11.4B | $9.67B | $13.3B |
| August 2026 | $11.3B | $9.51B | $13.4B |
| July 2026 | $11.1B | $9.3B | $13.2B |
| June 2026 | $11B | $9.15B | $13.2B |
| May 2026 | $12B | $9.98B | $14.4B |
| April 2026 | $11.1B | $8.96B | $13.7B |
| March 2026 | $10.2B | $8.29B | $12.6B |
| February 2026 | $9.41B | $7.72B | $11.5B |
| January 2026 | $8.68B | $7.14B | $10.5B |
| December 2025 | $8B | $6.65B | $9.62B |
| November 2025 | $7.67B | $5.95B | $9.87B |
| October 2025 | $7.35B | $5.83B | $9.26B |
| September 2025 | $7.04B | $5.66B | $8.76B |
| August 2025 | $6.75B | $5.5B | $8.28B |
| July 2025 | $6.47B | $5.35B | $7.82B |
| June 2025 | $6.2B | $5.16B | $7.45B |
| May 2025 | $6.2B | $5.16B | $7.45B |
| April 2025 | $6.18B | $3.53B | $10.8B |
| March 2025 | $6.16B | $3.54B | $10.7B |
| February 2025 | $6.14B | $3.61B | $10.4B |
| January 2025 | $6.12B | $3.56B | $10.5B |
| December 2024 | $6.1B | $3.59B | $10.4B |
| November 2024 | $6.08B | $3.79B | $9.75B |
| October 2024 | $6.06B | $3.76B | $9.75B |
| September 2024 | $6.04B | $3.62B | $10.1B |
| August 2024 | $6.02B | $3.74B | $9.69B |
| July 2024 | $6B | $4.45B | $8.09B |
| June 2024 | $5.98B | $4.52B | $7.9B |

| Reported valuation | Month | Source |
| --- | --- | --- |
| $11B | June 2026 | Funding round |
| $12B | May 2026 | [axios.com](https://www.axios.com/pro/fintech-deals/2026/05/28/airwallex-addition-valuation) |
| $8B | December 2025 | Funding round |
| $6.2B | June 2025 | [frenchweb.fr](https://www.frenchweb.fr/stripe-et-adyen-ont-un-nouveau-rival-airwallex-leve-150-millions-de-dollars-pour-batir-la-plateforme-bancaire-nouvelle-generation/454720) |
| $6.2B | May 2025 | Funding round |
| $5.6B | October 2022 | Funding round |
| $5.5B | November 2021 | Funding round |
| $4B | September 2021 | Funding round |
| $2.6B | March 2021 | Funding round |
| $1.8B | September 2020 | Funding round |
| $1.8B | April 2020 | Funding round |
| $1B | March 2019 | Funding round |

## Airwallex funding rounds

| Date | Round | Raised | Post-money | Lead investors |
| --- | --- | --- | --- | --- |
| 25 Jun 2026 | Series H | $320M | $11B | Addition |
| 8 Dec 2025 | Series G | $330M | $8B | Addition |
| 21 May 2025 | Series F | $150M | $6.2B | Square Peg Capital |
| 21 May 2025 | Secondary | $150M | Undisclosed | Undisclosed |
| 10 Oct 2022 | Series E | $100M | $5.6B | Square Peg Capital, HSG |
| 17 Nov 2021 | Series E | $100M | $5.5B | Lone Pine Capital |
| 20 Sep 2021 | Series E | $200M | $4B | Lone Pine Capital |
| 24 Mar 2021 | Series D | $100M | $2.6B | Greenoaks |
| 10 Sep 2020 | Series D | $40M | $1.8B | Skip Capital, Hedosophia |
| 16 Apr 2020 | Series D | $160M | $1.8B | Salesforce Ventures |
| 26 Mar 2019 | Series C | $100M | $1B | DST Global |
| 3 Jul 2018 | Series B | $80M | Undisclosed | Tencent, HSG |
| 14 Dec 2017 | Series A | $6M | Undisclosed | Square Peg Capital |
| 1 May 2017 | Series A | $13M | Undisclosed | Tencent |
| 26 Sep 2016 | Non-equity assistance | Undisclosed | Undisclosed | Mastercard |
| 5 Jul 2016 | Seed | $3M | Undisclosed | Gobi Partners |

## Airwallex vs competitors

The global payment market is splitting between SMB banking services and high-volume treasury infrastructure.

| Company | Estimated revenue | Estimated valuation |
| --- | --- | --- |
| Airwallex | $1.16B–$1.68B | $10.4B–$14.3B |
| Nium (nium.com) | $166M–$240M | $1.22B–$2.33B |
| Rapyd (rapyd.net) | $156M–$520M | $4.08B–$5.9B |
| Payoneer (payoneer.com) | $900M–$1.35B | $1.66B–$4.54B |
| Wise (wise.com) | $2.15B–$3.25B | $6.1B–$19.4B |

## Questions

### What is Airwallex's revenue?

Specter estimates Airwallex's annual revenue at $1.16B to $1.68B as of October 2026. Airwallex last reported $1.4B revenue in October 2026, up from $1B in December 2024.

### What is Airwallex's valuation?

Airwallex's latest post-money valuation is $11B, from a June 2026 Series H. Specter's live estimate is $10.4B to $14.3B.

### What is Airwallex's revenue multiple?

Airwallex is valued at about 7.9× revenue, based on its $11B June 2026 valuation and $1.4B last reported revenue. That works out to roughly $471K of revenue per employee.

### How much funding has Airwallex raised?

$1.85B across 16 rounds, from a $3M Seed in July 2016 to a $320M Series H in June 2026.

### Who invested in Airwallex?

45 investors, including Addition, Greenoaks, HSG, Lone Pine Capital, Skip Capital and Square Peg Capital.

### Who are Airwallex's competitors?

Nium, Rapyd, Payoneer and Wise. Specter ranks 30 competitors for Airwallex.

## About this data

Specter models revenue and valuation monthly and anchors each estimate to reported figures and priced rounds. Method: https://www.tryspecter.com/revenue-valuation

Cite as: Specter. "Airwallex revenue and valuation." tryspecter.com/revenue-valuation/airwallex. Updated November 2026.