Airwallex Expands Rapidly Across EMEA with 152% Revenue Increase YOY
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Airwallex, a prominent global payments and financial platform, is rapidly expanding in the Europe, Middle East, and Africa (EMEA) region, boasting a 152% year-on-year (YoY) revenue increase and a 125% rise in transaction volume. This growth is notable given the challenging economic environment for the FinTech sector.
The company's success reflects its dedication to helping businesses grow internationally. Airwallex now serves over 100,000 businesses worldwide, highlighting the rising demand for global payment solutions tailored for small to medium-sized enterprises and larger corporations.
More than half of its EMEA customers utilize multiple products, including business accounts, expense management, treasury management, and both virtual and physical cards. This comprehensive suite allows businesses to operate globally with greater efficiency and local adaptability.
In the UK, Airwallex reported impressive revenue and transaction volume growth of 157% and 136%, respectively, driven by new partnerships with companies like Moss and Plum Guide.
Airwallex was founded in Melbourne in 2015, and today is headquartered in Singapore. The company has since grown to 23 locations globally and currently employs over 1,500 people, with plans to hire 300 people by the end of 2024.
The company's EMEA team has expanded to over 150 employees across offices in London, Amsterdam, Vilnius, and Tel Aviv. Additionally, Airwallex is enhancing its presence in the UAE, France, and the Netherlands, viewing these markets as vital for its European expansion.
Recent successes, such as partnering with Bird in Amsterdam, underscore its growing influence in mainland Europe.
Very impressive.
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