Fintech firm Airwallex to invest more than $2 billion, grow its headcount to over 1,000 in Singapore

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Airwallex to invest over $2 billion in Singapore and expand headcount to more than 1,000 as it grows its fintech operations. Read more at straitstimes.com.

Airwallex now has over 750 staff here across functions such as commercial, corporate, product and engineering.

SINGAPORE – Australia-founded fintech firm Airwallex plans to invest more than $2 billion in Singapore over the next five years, as it expands its local workforce to more than 1,000 employees.

The firm currently employs more than 750 people in Singapore across various functions including commercial, corporate, product and engineering. It expects to continue hiring across all areas, with a focus on artificial intelligence, product development, engineering, commercial and legal roles.

Airwallex is an AI-powered financial platform that helps businesses manage their finances, automate financial operations, make and receive payments, and transact across borders.

The $2 billion investment is expected to support Airwallex’s continued growth in Singapore, including the expansion of its local workforce, product innovation and technology capabilities, and the strengthening of its global and regional operations.

The plans were announced on Nov 11 at the official opening of the fintech firm’s expanded co-headquarters at Guoco Tower. Singapore will serve as one of Airwallex’s two global co-headquarters, alongside San Francisco.

With the expanded office space and another floor scheduled for occupancy in early 2027, Airwallex’s total office footprint in Singapore will exceed 80,000 sq ft across four floors of the building.

This marks a significant expansion from its 2,800 sq ft office at Grace Global Raffles Place when it first established its presence in Singapore.

Airwallex’s Singapore customer base consists primarily of small-to-medium enterprises (SMEs), digital-first businesses, e-commerce brands, travel companies and professional services firms.

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