Airwallex, a global financial platform for modern businesses, today announced it has received its Markets in Financial Instruments Directive (MiFID) licence from the Dutch Authority for the Financial Markets (AFM) and will soon launch Airwallex Yield to enable European businesses to generate returns on idle funds.
This important authorisation will enable Airwallex to “offer Money Market Funds (MMFs), providing small to medium-sized businesses with direct access to a new way to generate returns on their idle cash.”
Shannon Scott, SVP and Global Head of Product at Airwallex, said:
“Receiving our MiFID licence is the first step to launching Yield in the Netherlands and will get us one step closer to providing European businesses with a smarter way to make their money work harder. Instead of leaving surplus funds idle, companies will soon be able to earn competitive returns.”
The key benefits of Yield include:
- Integration: Businesses will benefit from a smooth and intuitive investment experience, fully integrated into the Airwallex platform for effortless management of their funds.
- No lock-up periods: Businesses can transfer funds between their cash balance and Yield account at any time to meet their growth needs.
- Multi-currency flexibility: Businesses can manage and seek returns on balances held in EUR, GBP and USD within their Airwallex account, without the need to open multiple bank accounts.
The flexibility offered by Yield enables businesses to “access their funds whenever needed, providing both competitive returns and the operational agility to respond to opportunities or unexpected expenses.”
The imminent launch of Yield in NL follows “rollouts in Australia, Hong Kong and Singapore, demonstrating Airwallex’s commitment to expanding innovative financial solutions globally.”
Airwallex recently announced growth in the Netherlands, “with a 199% YoY revenue increase driven by a tripling of active customer accounts, key product launches (including NL IBANS, Exact Online integration, and multi-currency settlement) and significant senior hires across risk and regulatory compliance for its new office.”
As covered, Airwallex is a financial platform building what it claims is “the future of global banking for modern businesses.”
By combining infrastructure with software and AI, Airwallex is says it reimagining “how businesses manage accounts, access capital, control spend, and embed financial services.”
Designed to replace fragmented, legacy systems, Airwallex offers a unified platform for global financial operations – providing “everything from multi-currency business accounts to payments to spend management and embedded financial products.”
Founded in Melbourne and used by businesses worldwide – including TikTok, Rippling, Navan, Qantas, and SHEIN. Airwallex claims it is “powering a new era of global banking without borders.”