Airwallex will invest more than S$2 billion, or about US$1.5 billion, in Singapore over five years. The cross-border payments firm also plans to grow local staff from over 750 to more than 1,000. Singapore will be one of its two global co-headquarters, alongside San Francisco.
Investment details
The plan was announced on November 11 at the opening of its expanded office at Guoco Tower. Airwallex will direct the spending toward hiring, product and technology capabilities, and global and regional operations. Its Singapore footprint will exceed 80,000 square feet across four floors by early 2027.
Company context
Airwallex is an Australia-founded financial platform that helps businesses manage cross-border payments. It serves more than 670,000 customers globally, including SMEs, e-commerce brands, and travel companies. It also holds more than 85 licenses worldwide.
Product and growth
Airwallex Singapore grew revenue and total transaction volume by 90% year over year in the first half of 2026. The company also offers agentic business accounts that let AI agents handle treasury tasks. Group annualized revenue reached US$1.3 billion in March, with US$287 billion in annualized transaction volume.
Airwallex expects to add roughly 250 roles over five years. It will focus hiring on AI, product development, engineering, and legal positions. It is also expanding from Singapore into Malaysia, Indonesia, and Vietnam.