Airwallex hits $130b in transactions, up 30% since August

The company saw a 78% YoY surge in profit since Q1 2024.

Airwallex said it surpassed $130b in annualised transaction volume, up from $100b in August 2024, and increased its annual recurring revenue (ARR) to $600m from $500m over the same period. 

The company recorded a 78% year-over-year gross profit growth rate since the first quarter of 2024 and expanded its customer base by 50%, now serving over 150,000 businesses globally.  

The company also secured financial licenses in Brazil and Mexico and is set to launch Airwallex Yield in Hong Kong, with further market expansions planned for 2025.  

AI-driven financial infrastructure remains a key focus for the company, particularly for growth in Southeast Asia, Latin America, and the Middle East.