Airwallex, a global financial platform, reported significant growth in 2024.
The company’s annual trading volume rose to US$130 billion just three months from US$100 billion in August, exceeding US$500 million.
This indicates a 73% increase in transaction volume from the previous year.
In the same period, Airwallexarr climbed from US$500 million to US$600 million.
Airwallex currently serves more than 150,000 businesses, up 50% from the previous year.
The company continues to expand its global footprint with approvals in Australia, Singapore, Hong Kong, Japan, New Zealand, the UK, the US, Canada, mainland China, Malaysia, Mexico and Brazil.
I recently licensed a payment institution in Brazil and secured approval to acquire Mexpago, a Mexico-based payment service provider.
As part of the Latin American push, Airwallex will be integrated with Brazil’s PIX instant payments network, which is expected to account for 40% of the country’s online payments by 2026.
The company has also expanded its product offerings, launching Airwallex yields, global entity management and credit card products.
After its Australian debut, Airwallex yields have expanded to Hong Kong, with more rollouts planned.
It also develops two of its latest products: expenditures and billing.
Since the first quarter of 2024, Airwallex’s quarterly gross profit growth has accelerated from 40% to 78% year-over-year, with corporate cards and payments currently accounting for more than 50% of gross commercial profit .
Looking forward to 2025, Airwallex expects American businesses to scale more than double, but EMEA continues its current growth trajectory.
The company is investing in AI to enhance product experiences, expand financial capabilities, and improve global coverage.
As part of the Airwallex Impact initiative, employees are currently given 3 days of volunteer days per year to support their community efforts, as backed by a commitment of 1% of stock, time, products and profits. Masu.
Airwallex’s workforce has grown to over 1,700 employees in 37 locations.
Jack Zhang, CEO and co-founder or Airwallex Blog post,
“This year marks our 10th year as a business. We have set ambitious goals to make it the most successful and impactful year. Improve the workplace experience It is our number one priority, ensuring that our teams thrive and reach their full potential. Our biggest asset is our people, and we employ, develop, and we employ extraordinary talent. It focuses on lasers on maintaining. It shares not only experts in its field but also its passion for driving innovation and pushing boundaries.
Our vision is clear when we celebrate 10 years of innovation and growth. It is a global economic infrastructure that enables businesses of all sizes to grow across borders. Rewriting the future of global banking is to grow and deepen the impact of new markets for the next decade. ”
Featured Image Credits: Edit Freepik
