Overview
- Airwallex secured a $320 million funding round led by Addition that values the company at about $11 billion and coincides with the launch of two AI products called T:0 and Airi.
- Australia’s financial‑crimes regulator AUSTRAC ordered an external audit of Airwallex’s anti‑money‑laundering and counter‑terrorism‑financing program and the company is funding the review while the auditor’s report will not be public.
- US lawmakers have urged a review of the firm’s Chinese shareholders by the Committee on Foreign Investment in the United States, raising questions about access to American customer data.
- CEO Jack Zhang has rejected claims that staff in China or Hong Kong can reach US customer data and said American data is stored in the United States.
- The company reports rapid commercial growth—about $1.3 billion in annualised revenue, $287 billion in annualised transaction volume, and more than $1 billion moved per day—and its next risks to watch are the non‑public AUSTRAC findings, any CFIUS action, and effects on customers and an expected IPO timetable.