Exclusive: Airwallex crosses $1 billion in annualized revenue as fintech unicorn takes on U.S. competitors like Ramp and Stripe

Exclusive: Airwallex crosses $1 billion in annualized revenue as fintech unicorn takes on U.S. competitors like Ramp and Stripe

As the fintech sector comes roaring back, companies like Ramp and Stripe have dominated headlines with eye-popping funding rounds and rapid growth. But the Singapore-based Airwallex is not far behind, crossing $1 billion in annualized revenue as of October with a year-over-year growth rate of 90%, according to cofounder and CEO Jack Zhang.  In an interview with Fortune, Zhang said that his company, known for cross-border payments and foreign exc…

Airwallex Surpasses US$1 Billion in Annualised Revenue Amid Global Expansion

Global fintech firm Airwallex has achieved a major financial milestone, surpassing US$1 billion in annualised run rate (ARR) revenue in October. The company said it took nine years to reach its first US$500 million in ARR, while the next US$500 million was achieved in just over a year. Airwallex attributed the accelerated growth to rising adoption among businesses using multiple products, with about half of its customers now doing so, and the in…

Airwallex crosses US$1 billion in annualised revenue, eyes doubling within a year

The company’s portfolio includes multicurrency business accounts, corporate cards and payments processing services