Airwallex bets on AI-led finance with $320M round at $11B
Airwallex raised $320 million in a Series H at an $11 billion valuation to push AI-native finance, unveiling T:0 (AI-driven finance automation) and Airi (agentic consumer wallet); revenue rose 74% to $1.3 billion and annualized transaction volume more than doubled, with over 90% of revenue from customers using multiple Airwallex products and more than 85 licenses globally to support expansion. The round, led by Addition, also signals a push into autonomous finance and agentic commerce, even as the company faces scrutiny over ties to China; management hints IPO timing could slip due to AI-margin volatility.