Summary
Airwallex, the Melbourne-founded global payments and financial platform, has secured a $320 million Series H at an $11 billion valuation (up from $8B in December 2025), and is packaging that capital around a product push it calls "autonomous finance." The company's two new AI-focused products — T:0 (an AI-native platform that runs a company's entire finance function, from bookkeeping to tax, compliance and reporting) and Airi (an "agentic" consumer wallet for one-click and delegated AI payments) — mark Airwallex's expansion from cross-border rails into automated books and the "agentic" checkout layer. The funding was led by returning investor Addition, with Baillie Gifford, QED, T. Rowe Price, Amex Ventures and others.
Key Facts
- $320M Series H led by Addition at $11B valuation (up from $8B in Dec 2025)
- Investors: Baillie Gifford, Hummingbird, QED Investors, T. Rowe Price, Hedosophia, Haun Ventures, Washington University in St. Louis, Amex Ventures
- Airwallex reached $1.3B annualized revenue (up 74% YoY) and $287B annualized transaction volume (up 120%+) as of March 2026
- Serves more than 676,000 businesses; >90% of revenue from customers using more than one product
- T0 is an AI-native finance platform automating bookkeeping, forecasting, tax, compliance, reporting "from day zero"; in private beta
- Airi is an agentic consumer wallet incorporating one-click checkout (up to 14% lift in checkout conversion in early testing), evolving to delegated agent payments, spend limits, permission controls, multi-currency balances
- Positioned as building an "AI-native financial operating system" for global, borderless banking
- Holds 85+ licenses across North America, Europe, Middle East, Asia-Pacific
- CEO Jack Zhang: "the foundation we spent ten years building turns out to be precisely the kind of infrastructure the agentic economy needs"
- Lucy Liu: "It's like assisted driving, like you have in a Tesla... you still have someone in the driver's seat, but the car really drives itself"
- Company has faced US scrutiny over ties to China (Rabois allegations, rejected as unfounded)
- President Lucy Liu says it's "still not the best time" for an IPO
Why It Matters
Airwallex's autonomous-finance bet shows the cross-border payments race pivoting from rails to AI-native financial software and agentic commerce. With T0 automating whole finance departments and Airi building wallet infrastructure for AI agents, Airwallex aims to sit closer to the decision point in transactions, positioning against the emerging agentic-commerce and AI-accounting wave (alongside Stripe, Rillet, Natural). The $11B round demonstrates continued late-stage appetite for infrastructure that combines regulated payments rails with AI agents.