Fintech Airwallex records 84% revenue growth

Its Australia and New Zealand business saw revenue grow by 93%.

Its Australia and New Zealand business saw revenue grow by 93%.

Financial technology (fintech) payments platform Airwallex recorded an 84% global revenue growth so far in FY2024.

In a press release, Airwallex said that it has seen global transaction values grow by 68% year-on-year (YoY) over the same period.

In Australia and New Zealand, Airwallex’s revenue has grown by 93% YoY. This was driven by the launch of Airwallex Yield, which reportedly offers double the rates of big banks in the ANZ region.

“Despite a tough macroeconomic environment, our continued growth across Australia and New Zealand is testament to our strong product fit for modern businesses seeking to scale,” said Kai Wu, chief revenue officer and APAC executive general manager, Airwallex.

Wu said that Airwallex will continue to expand its presence in Australia and New Zealand.

Airwallex became cash flow positive in 2023. It now processes more than US$90b in annualised transaction volume.

The company now employs over 1,500 people across 23 locations globally, of which 200 are in its Sydney and Melbourne services.

Airwallex

Can't Login? Sign up for an account

Email address The email address is not made public. It will only be used if you need to be contacted about your account or for opted-in notifications.

Password

Confirm password

Provide a password for the new account in both fields.

This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.

Already have an Asian Banking & Finance account? Login

Can't log in?

Return to login

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit