Global financial technology provider Airwallex has posted another year of explosive growth in Singapore, reporting 107 percent revenue expansion for fiscal year 2025. This now reportedly marks the second straight year of triple-digit increases, underscoring the city-state’s role as a strategic hub for the company’s Asia-Pacific growth objectives.
Airwallex also indicated that transaction volumes in the market climbed 93 percent year-on-year during the same period, reflecting demand for efficient cross-border payment solutions among local businesses.
The milestone comes alongside significant operational scaling.
Airwallex expanded its Singapore workforce by 62 percent in 2025, with the sharpest gains in product, engineering, and design teams—up 130 percent.
Leadership plans call for headcount to rise more than 70 percent by the close of 2026, further strengthening capabilities in artificial intelligence, data analytics, and core engineering.
These investments support a broader platform that includes payment acceptance, invoicing, multi-currency accounts, corporate cards, and expense management tools.
New clients joining the platform in 2025 include prominent names such as Minor Hotels, HipVan, Lovet, J&Co Jewellery, and Motherswork.
The company also deepened relationships with longstanding partners including GlobalTix, Endowus, and Love, Bonito, helping them streamline international financial workflows.
Collectively, these milestones highlight growing reliance on modern fintech infrastructure amid complex global trade dynamics.
From its Singapore base—now serving as co-headquarters alongside San Francisco—Airwallex pushed into fresh territories last year, launching operations in Indonesia, Vietnam, and South Korea.
The move positions the city-state as the central engine for regional expansion across Southeast Asia and beyond.
With over 2,000 employees across 26 offices worldwide and more than 80 regulatory licenses spanning multiple continents, the fintech firm continues to back more than 200,000 businesses globally.
Complementing the performance data, Airwallex released findings from a survey of 250 Singapore-based small and medium enterprise leaders.
The report reveals a notable evolution in business priorities for 2026, driven by intensifying cost challenges.
Fintech adoption among SMEs jumped from 38 percent in 2025 to 57 percent this year, as companies seek greater speed, efficiency, and connectivity.
Cost inflation emerged as the top concern for 73 percent of respondents (up from 62 percent previously), while cash-flow worries eased slightly.
Rather than pursuing aggressive worldwide growth, SMEs are adopting a more measured approach, favoring nearby Southeast Asian markets.
Interest in regional expansion rose, with Malaysia leading at 36 percent, followed by Thailand (24 percent) and Vietnam (16 percent).
Nearly all expanding firms intend to move within the next 18 months, prioritizing lower-risk opportunities closer to home.
Optimism about the global economy edged higher to 67 percent, and 70 percent praised government support for overseas ventures.
Arnold Chan, Airwallex’s General Manager for Asia-Pacific, emphasized the strategic importance of the Singapore market.
He described 2025 as a year that cemented the company’s position following a strong 2024 launchpad, setting the stage for regional leadership in 2026.
Chan noted that businesses are recalibrating rather than retreating—investing selectively while accelerating digital tools to navigate headwinds.
Singapore’s blend of local credibility and execution excellence, he added, enables both Airwallex and its clients to pursue sustained global growth.
Founded in Melbourne in 2015, Airwallex has evolved into a key player in borderless finance. As SMEs recalibrate amid economic uncertainty, the company’s latest results signal continued momentum and a deepening partnership with Singapore’s entrepreneurial ecosystem.