Airwallex expands into Silicon Valley after securing $8bn valuation #
Airwallex is deepening its push into the US with a new San Francisco office, a move that follows its latest funding extension that lifted the company’s valuation to $8bn. The fintech has now raised more than $330mn in the past three years, capital that it is using to scale its global payments network, strengthen its enterprise product offering, and compete more directly with incumbents in cross-border financial infrastructure. The company sees the US as a key growth engine, with plans to expand hiring across sales, engineering, and compliance
As part of its US strategy, Airwallex is also reducing Tencent’s stake in its American operations — a shift influenced by regulatory sensitivities around Chinese investment in US financial services. The restructuring is intended to give Airwallex more operational independence while preserving strategic partnerships in Asia. Executives say demand from US technology firms and global merchants continues to rise, particularly for instant international transfers, multi-currency wallets, and embedded financial tools that require seamless global connectivity.