Airwallex, a leading global payments and financial platform for modern businesses, has surpassed US$100 billion in annual processing volume, up 73% year-on-year. Airwallex has seen growing volumes across all products, including payments, FX, payouts, and issuing, and an annual run rate revenue approaching US$500 million. These achievements come on the heels of Airwallex achieving cash flow positivity at the end of 2023 – a dividend of the company’s strong product market fit, ubiquitous global infrastructure and continued market expansion.
“Crossing the US$100 billion threshold and turning cash flow positive solidifies our confidence in the durability and scalability of our business model,” said Jack Zhang, Co-founder and CEO at Airwallex. “While demand is slowing in many corners of the tech economy, serving the payments and financial operations of global businesses remains a significant market opportunity. We’re proud of how far we’ve come in the past nine years, and we are more ambitious than ever in supporting millions of global businesses to grow beyond borders.”
The ability to operate across borders can unlock meaningful growth for companies of all sizes–by accelerating international expansion, optimising supply chains, or attracting the best talent. Airwallex’s offering taps into a total addressable market opportunity estimated to be worth more than US$570 billion by 2027.