Watch Airwallex Surpasses US$100 Billion in Processing Volume Amid Global Expansion US100 News

Airwallex, an international bills and fiscal platform, has surpassed US$100 billion in annual processing quantity, marking a 73% year-on-year build up.

The corporate’s earnings run price is now drawing near US$500 million, with operations attaining money glide positivity on the finish of 2023.

Airwallex attributed this enlargement to the corporate’s robust product-market are compatible, expansive world infrastructure, and ongoing marketplace growth.

The corporate’s presence in North America has been a key driving force of this enlargement, with earnings in the area emerging greater than 300% year-over-year.

In 2024, Airwallex expanded its footprint in the U.S., Canada, and Latin America, setting up an everlasting headquarters in San Francisco and opening workplaces in Austin and New York.

The corporate additionally added crew participants in Toronto and São Paulo.

In the U.S., Airwallex has constructed a powerful native compliance infrastructure, securing Money Transmitter Licenses or exemptions in 49 states and territories.

The corporate additionally expanded into Canada and signed an settlement to obtain MexPago, a Mexico-based fee carrier supplier, additional solidifying its presence in the Americas.

Airwallex now has over 1,500 workers throughout 23 world places, together with greater than 100 crew participants in North America, and serves a buyer base of over 100,000.

Airwallex plans to proceed increasing its footprint to fortify its rising buyer base, which contains firms like BILL, Brex, Deel, Navan, Rippling, and SHEIN.

“Crossing the US$100 billion threshold and turning money glide sure solidifies our self assurance in the sturdiness and scalability of our trade type.

While call for is slowing in many corners of the tech financial system, serving the bills and fiscal operations of world companies stays an important marketplace alternative.”

mentioned Jack Zhang, Co-founder and CEO at Airwallex.

“We’ve constructed robust native licensing and fiscal infrastructure right here in the U.S. and can proceed to extend the protection of our community around the Americas.

This is helping us serve our shoppers ‘like a local,’ so they may be able to develop their companies around the globe, seamlessly and cost-efficiently. With this method, we’re ready to avoid wasting our shoppers US$300 million in charges every yr.”

mentioned Ravi Adusumilli, Executive General Manager, Americas, Airwallex.