Airwallex, a global payments and financial platform for modern businesses, today announced a partnership with Brex, a U.S.-based financial technology company, to support its global expansion.
Airwallex continues to “assemble a rapidly growing ecosystem of customers and partners, validating its position as a catalyzing force in global money movement infrastructure and proving the power of collaborative innovation in fintech.”
Jack Zhang, Co-Founder and CEO of Airwallex, said:
“In today’s economic climate, every business is navigating two competing interests: expanding operations and saving costs. Traditional banking solutions make that nearly impossible as global expansion is often accompanied by burdensome complexity, slow time to market, and complicated regulatory requirements. We see a tremendous opportunity to connect more US-based businesses with our global network, and we’re thrilled to be able to support incredible fintech companies like Brex expanding globally.”
Brex, the first fully unified global spend platform, “serves large multinational customers all over the world that need access to the same financial tools Brex offers in the U.S. in other countries.”
Through a seamless integration, Brex is scaling fast “by solving multiple financial use cases at once.”
The company is “leveraging Airwallex’s suite of solutions, including local currency collections for its global corporate card as well as global employee expense reimbursements.”
Brex is leveraging Airwallex’s robust network of “more than 50 global licenses to accelerate its market expansion.”
Henrique Dubugras, Founder and Co-CEO at Brex, said:
“Leading enterprises are expanding their footprints globally and are looking to Brex for employee spend and expense management across their operations. Brex has invested years and millions of dollars in the financial infrastructure to power this global money movement and therefore chooses its partners very carefully. We are pleased to be working with Airwallex due to its strong financial infrastructure in multiple markets and developer-friendly platform.”
As noted in the update, Airwallex claims it is “a leading global financial platform for modern businesses, offering trusted solutions for global payments, treasury management, and embedded finance.”
With our proprietary infrastructure, Airwallex removes the friction “from global payments and financial operations, allowing businesses of all sizes to unlock new opportunities and grow beyond borders.”
Founded in Melbourne, Airwallex says that it “powers over 100,000 businesses globally and is trusted by brands such as Brex, Rippling, Navan, Qantas, SHEIN and many more.”