Key Takeaways
- • Airwallex plans to invest more than S$2 billion ($1.5 billion) in Singapore over the next five years, according to the company, and expand its local workforce to more than 1,000 employees from roughly 750 today.
- • The investment reinforces Singapore's status as one of Airwallex's two global co-headquarters, alongside San Francisco, and follows the company's establishment of its global headquarters in Singapore in 2023.
- • Singapore business revenue grew 90% year-on-year and total transaction volume rose 90% in the first half of 2026, per the company.
- • The plan was developed with the Singapore Economic Development Board and focuses on product development, engineering and artificial intelligence capabilities.
- • The announcement follows a $320 million Series H round that valued Airwallex at $11 billion, led by existing investor Addition.
Summary
Airwallex plans to invest more than S$2 billion ($1.5 billion) in Singapore over the next five years and expand its local workforce to more than 1,000 employees, according to the company's announcement. The commitment reinforces the city-state's role as one of the fintech's two global co-headquarters, alongside San Francisco. Airwallex currently employs more than 750 people in Singapore across commercial, corporate, product and engineering functions.
The planned investment is intended to support further hiring, product innovation, technology development and the expansion of the company's regional and global operations. Airwallex said it will focus on building specialised capabilities in product development, engineering and artificial intelligence, with Singapore serving as a base for supporting operations across international markets. Singapore also functions as a regional hub for the company's Southeast Asian businesses in Malaysia, Indonesia and Vietnam. The announcement coincided with the opening of an expanded co-headquarters in the city-state, spanning 80,000 square feet across four floors, with another floor scheduled to be occupied in early 2027.
The company reported that its Singapore business recorded 90% year-on-year revenue growth and a 90% increase in total transaction volume in the first half of 2026, reflecting rising demand for its services among businesses operating across borders. The expansion plans were developed in collaboration with the Singapore Economic Development Board, which said the investment would bring additional product and AI capabilities and create high-value jobs locally.
The announcement comes months after Airwallex raised $320 million in a Series H funding round that values the company at $11 billion. The round was led by existing investor Addition, with participation from Baillie Gifford, Hummingbird, QED Investors, T. Rowe Price, Hedosophia, Haun Ventures, Washington University in St. Louis and Amex Ventures. Founded in Melbourne in 2015, Airwallex provides financial infrastructure and payment services to businesses, including cross-border payments, corporate cards and expense management.
The planned investment is intended to support further hiring, product innovation, technology development and the expansion of the company's regional and global operations. Airwallex said it will focus on building specialised capabilities in product development, engineering and artificial intelligence, with Singapore serving as a base for supporting operations across international markets. Singapore also functions as a regional hub for the company's Southeast Asian businesses in Malaysia, Indonesia and Vietnam. The announcement coincided with the opening of an expanded co-headquarters in the city-state, spanning 80,000 square feet across four floors, with another floor scheduled to be occupied in early 2027.
The company reported that its Singapore business recorded 90% year-on-year revenue growth and a 90% increase in total transaction volume in the first half of 2026, reflecting rising demand for its services among businesses operating across borders. The expansion plans were developed in collaboration with the Singapore Economic Development Board, which said the investment would bring additional product and AI capabilities and create high-value jobs locally.
The announcement comes months after Airwallex raised $320 million in a Series H funding round that values the company at $11 billion. The round was led by existing investor Addition, with participation from Baillie Gifford, Hummingbird, QED Investors, T. Rowe Price, Hedosophia, Haun Ventures, Washington University in St. Louis and Amex Ventures. Founded in Melbourne in 2015, Airwallex provides financial infrastructure and payment services to businesses, including cross-border payments, corporate cards and expense management.
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