Australian unicorn Airwallex announced on Sunday plans to expand its recruitment operations in Tel Aviv following a new $320 million investment round that put its valuation over the $11 billion mark.
“Airwallex is currently among the fastest-growing fin tech firms globally. Here in Israel, we remain committed to scaling our operations and increasing our investment in the Tel Aviv center,” said Or Liban, head of the company’s Tel Aviv center and oversees operations in Israel, the Middle East, Benelux, and the Nordic countries.
“Here in Israel, we remain committed to scaling our operations and increasing our investment in the Tel Aviv center. We have been doubling our activity and headcount in Israel annually,” he added.
The investment round was led by returning investor Addition, with participation from Baillie Gifford, Hummingbird, QED Investors, T. Rowe Price, Hedosophia, Haun Ventures, Washington University in St. Louis and Amex Ventures.
The company’s Series H investment round comes as it pushes to integrate artificial intelligence and agentic commerce into its products, with its founder and CEO, Jack Zhang, saying that they “believe this is the most consequential moment in the history of global finance, and we are building accordingly.”
‘”A decade ago, we did not know exactly what the agentic economy would look like, but we built a foundation for it. The licenses, local network integrations, and API first financial infrastructure we spent ten years constructing are exactly what it needs,” he added.
The Australian firm currently works with more than 200,000 companies in managing global banking and financial operations.
It recently launched two AI-centered products: T:0 and Airi. “T:0 is a new AI-native financial platform from Airwallex designed to run the full finance function of a business end to end,” the company explained.
Airi, a wallet infrastructure for agentic commerce, “enables one-click checkout for shoppers, driving up to 14% higher conversion for merchants (marketplaces, retailers) in early testing.”
“What Airwallex has built is unusually hard to replicate,” said Lee Fixel of Addition. “As AI transforms the competitive landscape, the winners will be the companies building on top of real financial infrastructure, not around it. Airwallex has already shown it can translate that foundation into meaningful software capabilities at scale.”
Source:
www.jpost.com
