Airwallex Plans $1.5 Billion Singapore Investment and 1,000-Strong Local Workforce

Airwallex plans to invest more than S$2 billion ($1.5 billion) in Singapore over the next five years and grow its local workforce to more than 1,000 employees, DealStreetAsia reported on November 11, 2026. The payments company currently employs more than 750 people in the city-state, one of its two global co-headquarters alongside San Francisco.

Inside Airwallex's Singapore Investment Plan

Airwallex said the spending will support further hiring, product innovation, technology development and the expansion of its regional and global operations. The company's Singapore staff work across commercial, corporate, product and engineering functions.

Airwallex said it would 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 serves as a regional hub for its Southeast Asian operations, including its businesses in Malaysia, Indonesia and Vietnam.

The announcement coincided with the opening of Airwallex's expanded co-headquarters in Singapore. The site is spread over 80,000 square feet across four floors, with another floor scheduled to be occupied in early 2027. Airwallex established its global headquarters in Singapore in 2023, and it said the latest investment plans were developed in collaboration with the Singapore Economic Development Board, which said the expansion would bring additional product and AI capabilities and create high-value jobs locally.

Airwallex said its Singapore business recorded 90% year-on-year revenue growth and a 90% increase in total transaction volume in the first half of 2026.

Airwallex's Funding and Revenue Scale

According to akta.pro company records, Airwallex closed a $320 million Series H in June 2026 at an $11 billion valuation, a 38% step-up from its December 2025 valuation. The company reported $1.3 billion in annualized revenue as of March 2026, up 74% year-over-year, and $287 billion in annualized transaction volume as of March 2026, up more than 120% year-over-year. The same records list $1.9 billion in total funding across 17 rounds.

Airwallex was founded in Melbourne in 2015 and provides financial infrastructure and payment services to businesses, including cross-border payments, corporate cards and expense management. Its own site describes the platform's multi-currency accounts and embedded finance tools.

Partnerships Preceding the Singapore Plan

On November 7, 2026, The Fintech Times reported that Boost Payment Solutions partnered with Airwallex for cross-border B2B card payments, an arrangement running for five months that delivered a near ten-fold volume increase and onboarded over 270 international supplier accounts. On October 30, 2026, The Fintech Times reported that Airwallex and ONE Store signed an MOU on October 15 in Seoul to explore a partnership helping Korean game developers expand internationally. On October 29, 2026, The Paypers reported that Bolt is developing Bolt Money, a financial wallet and card for drivers and couriers, built on Airwallex's infrastructure.

Airwallex's Next Floor in Singapore

Airwallex plans to occupy another floor of its Singapore co-headquarters in early 2027, in addition to the four floors now open.