Stripe et Adyen ont un nouveau rival : Airwallex lève 265 millions d’euros pour bâtir la plateforme bancaire nouvelle génération

Airwallex Expansion and Platform Development

Airwallex, founded in 2015, has emerged as a significant competitor in the international payment sector. The company has developed its own infrastructure by connecting businesses directly to local payment networks, enabling faster money transfers with reduced intermediaries and costs. The company recently raised 265 million euros to enhance its banking platform.

Airwallex has expanded its offerings beyond payment flows to become a comprehensive banking platform designed for globally operating businesses. Features include multi-currency accounts, corporate cards, mass payments, automated expense management, interbank rate currency conversions, accounting connectors, and customizable APIs. The platform aims to centralize financial operations for businesses.

The platform supports instant account opening in over twenty currencies and facilitates transactions in more than 180 currencies. Airwallex provides physical and virtual Visa cards, which can be remotely controlled and configured per team or entity. The platform targets both scale-ups and multi-subsidiary groups.

Expense management features include receipt submission, multi-level approval workflows, spending restrictions by category, and automatic reconciliation with accounting tools. Native integrations are available with Xero, QuickBooks, Netsuite, and other ERPs. The solution is accessible via a no-code interface and APIs for workflow automation.

Airwallex aims to provide a centralized financial platform for daily operations, differentiating itself by offering integrated banking services alongside payment solutions. The company controls its infrastructure, interfaces, APIs, and orchestration tools, and is developing proprietary language models for financial automation, such as categorization, report generation, and predictive cash management.

Airwallex secured 150 million dollars in equity and 150 million in secondary sales, increasing its valuation to 6.2 billion dollars. The funding will enhance its software offerings, accelerate European expansion, and continue investments in artificial intelligence. The company has opened a Paris office, led by Mahmoud Labassi, Head of GTM & Sales France.

Currently serving 150,000 clients globally, Airwallex generates 720 million dollars in annual revenue and processes over 130 billion dollars in payments annually. Recent office openings include locations in New York, Toronto, and Paris. Major investors include Square Peg, DST Global, Salesforce Ventures, Visa Ventures, and Lone Pine Capital.

D’après FrenchWeb.