Airwallex to grow Israel operations

Australian fintech giant Airwallex has announced plans to expand its Israel operations, following a $320 million funding round that has lifted the Melbourne-founded company’s valuation past $11 billion.

The Series H round, which closed in late June, was led by returning investor Addition, with participation from Baillie Gifford, Hummingbird, QED Investors, T. Rowe Price, Hedosophia, Haun Ventures, Washington University in St Louis and Amex Ventures. It lifts Airwallex’s valuation from $8 billion in December 2025 to more than $11 billion, cementing its status as one of the fastest-growing fintech firms in the world.

The company said it would use the capital to develop AI-based financial software, expand its payments infrastructure and regulatory presence in new markets, and grow its engineering and product teams – including in Israel.

Or Liban, Airwallex’s vice-president and managing director for the Middle East, Benelux and the Nordics, said the company remained committed to scaling its Israeli operations. “Here in Israel, we remain committed to scaling our operations and increasing our investment in the Tel Aviv centre. We have been doubling our activity and headcount in Israel annually,” he told The Jerusalem Post.

The Tel Aviv office currently employs about 30 people, having doubled its workforce over the past year, and the company is continuing to recruit as it expands across Israel and the wider Middle East.