Airwallex Raises $320M, Hits $11B Valuation

Airwallex, a significant player in the global payments and financial infrastructure arena, has secured a substantial $320 million in Series H funding. This latest capital infusion propels the company's valuation to an impressive $11 billion, a notable increase from its previous $8 billion valuation in late 2025. The funding round was spearheaded by existing investor Addition, with robust participation from a distinguished group of backers including Baillie Gifford, Hummingbird, QED Investors, T Rowe Price, Hedosophia, Haun Ventures, Washington University in St Louis, and Amex Ventures.

The newly acquired capital is earmarked for aggressive expansion of Airwallex's product development, with a particular focus on autonomous finance and agentic commerce. These initiatives leverage advanced AI to automate complex financial tasks and streamline commerce interactions, signaling a strategic pivot towards intelligent financial solutions. The company also intends to bolster its global infrastructure, expand its regulatory presence in key international markets, and scale the engineering teams dedicated to its next-generation financial software.

In conjunction with the funding announcement, Airwallex unveiled two innovative product initiatives. The first, codenamed T:0, is a comprehensive financial platform designed to automate critical functions such as bookkeeping, financial forecasting, tax compliance, and reporting. The second, Airi, is an agentic consumer wallet poised to revolutionize online purchasing with one-click checkout capabilities and future support for delegated agent payments, granular spend controls, and multi-currency management.

Beyond Airwallex's significant raise, the fintech sector continues to see dynamic activity. In Singapore, AI startup Akro has garnered $700,000 in pre-seed funding from investors like Amigos Venture Capital and several angel investors. Akro aims to automate data workflows within highly regulated industries by employing specialized AI models for enhanced data extraction accuracy and privacy. Meanwhile, Igloo, an insurtech platform, has acquired Eazy Digital, a move that integrates Eazy Digital's client base and Thai operations into Igloo's expanding regional network, reinforcing its insurance infrastructure strategy across Asia.

Further diversifying the investment landscape, Biobot Surgical, a Singapore-based medical technology firm, secured SGD 20 million (approximately $15.5 million) led by ClavystBio and ZIG Ventures. This funding will accelerate the global adoption of its robotic-assisted prostate care platform, "Mona Lisa," and support its market entry into the United States. In a different segment, PvX Partners, a Singaporean financial services platform, received a $5 million equity investment from the Massachusetts Institute of Technology to expand its user acquisition financing platform for consumer applications.

The broader Asia Pacific region also witnessed significant investment, with multiple deals in China. For instance, video generation company Sand.ai raised over $100 million from a consortium including Look Capital, Lollapalooza Capital, Ubiquant Partners, Matrix Partners, MSA, Sinovation Ventures, Xiang He Capital, Source Code Capital, CAS Star, Hongtai Aplus, Today Capital, Hua Capital, V Fund, IDG, and Baidu Ventures. Additionally, smart e-bike brand Urtopia closed a Series B round exceeding RMB 200 million (approximately $29.4 million), co-led by Brizan Ventures and the industrial fund of the Tongxian municipal government.