Airwallex Reports Exponential 13x Revenue Growth YoY, Strong Momentum in Singapore

10 Nov, 2023

Airwallex Reports Exponential 13x Revenue Growth YoY, Strong Momentum in Singapore

Airwallex Singapore witnessed an impressive 13x revenue surge (1213%) and an over 11x surge (1015%) in total transaction volume in the first half of 2023. This growth aligns with the recovery of businesses post-pandemic and the world's reopening. The company's expansion plans across Southeast Asia coincide with its scaling operations and global footprint.

Singapore, known for its thriving startup ecosystem hosting over 55,000 startups, serves as a strategic market to access Southeast Asia and the broader Asia-Pacific region.

Kai Wu, Airwallex's Chief Revenue Officer and Asia-Pacific Executive General Manager, emphasized the importance of Singapore's regional connectivity. He highlighted the company's commitment to delivering exceptional products and solutions, fostering closer collaborations with customers and partners.

Arnold Chan, General Manager of Asia at Airwallex, expressed confidence in the company's remarkable growth in Singapore, affirming continued investment in the Southeast Asian market.

With a strong focus on expansion, Airwallex aims to bolster its presence in Singapore, projecting a headcount growth to over 200 in the next year. Situated in Singapore's vibrant Tanjong Pagar District, the company's global headquarters cultivates a robust ecosystem of customers, partners, and collaborators, including key entities like the Singapore Fintech Association, Australian Trade and Investment Commission, and Visa.

The company's remarkable growth momentum extends beyond Singapore, with recent announcements about global expansions, strategic partnerships in the U.S. and EMEA, and innovative product launches in various regions. Airwallex's recognition in CNBC-Statista’s ‘World’s Top Fintech Companies 2023’ list further underscores its global influence and growth trajectory.