Fintech Airwallex valued at more than $6 billion in the last round of financing.

(Reuters) – Airwallex, the innovative payment platform, announced on Wednesday that it has reached an estimated valuation of $6.2 billion following a successful fundraising round of $300 million. This marks an impressive increase of nearly 11% from its previous valuation during its 2022 funding.

Despite a potential slowdown in the private market due to ongoing geopolitical tensions and complications from trade dynamics, Airwallex has managed to thrive. A recent report from pitchbook noted that flat towers accounted for over 26% of the transactions concluded in the first quarter of 2025.

While the fintech sector experienced a surge of investment interest previously, accessing capital has grown increasingly challenging due to rising interest rates and persistent recession fears. Nevertheless, Airwallex’s latest valuation indicates a positive trajectory compared to the $5.5 billion valuation it achieved during the extension of its Series E funding roughly three years ago.

This funding round included notable investments from firms such as Square PEG, DST Global, Lone Pine Capital, and Blackbird, pushing Airwallex’s total funding to over $1.2 billion.

Jack Zhang, co-founder and CEO of Airwallex, shared insights into the company’s expansion strategy, highlighting that markets in Japan, Korea, and Latin America are central to their growth plans. Emphasizing a commitment to enhancing customer experience, Airwallex focuses on integrating financial services to create a seamless platform for clients.

Zhang noted, “Just a few years ago, the majority of our revenue stemmed from cross-border infrastructure. Now, online payment processing and expense management account for over 70% of our net income.” The platform boasts an impressive clientele, including names like Shein, Qantas, and Xero, showcasing its wide-reaching influence in the fintech space.