The startup operates a global payments platform that integrates APIs, automation, and local payment systems to facilitate international transactions. By enabling clients to issue and pay invoices in their preferred currency at mid-market foreign exchange rates, the platform reduces the costs and complexities associated with traditional financial systems.
Funding
$902M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
+6Founders
Product
Problem
Traditional international payment systems involve high fees, complex processes, and unfavorable exchange rates, creating friction for businesses engaged in global commerce. These inefficiencies hinder growth and increase operational costs, particularly for companies dealing with multiple currencies and cross-border transactions.
Solution
Airwallex offers a global financial platform that streamlines international payments and financial operations through APIs, automation, and a proprietary local payments network. The platform enables businesses to collect payments in multiple currencies, make cross-border transfers at interbank exchange rates, and manage global finances from a unified account. By providing access to local bank details in numerous countries and facilitating direct transfers, Airwallex reduces FX fees and accelerates transaction speeds. Businesses can also issue multi-currency corporate cards with customizable controls and integrate the platform with existing accounting software.
Target Audience
The primary target audience includes global businesses of all sizes, online marketplaces, and platforms that require efficient and cost-effective solutions for managing international payments, treasury, and spend.
Features
- Multi-currency business accounts to receive funds in 20+ currencies
- Global transfers to 150+ markets at interbank exchange rates
- Borderless cards for company and employee spending with customizable controls
- Low-code checkout solution to embed in websites for international customer conversion
- Payment links to accept payments worldwide without coding
- APIs for transactional FX, payouts, and card issuing at scale
- Integrations with QuickBooks, Xero, NetSuite, and other accounting platforms