Airwallex

Airwallex operates a B2B fintech platform that combines software workflows with payment and treasury infrastructure. It creates value by giving businesses a single system for cross-border accounts, FX, transfers, payment acceptance, spend controls, billing and embedded finance APIs. Revenue is generated from recurring platform access, usage of payment and payout rails, FX conversion spreads, card interchange and adjacent financial workflow products.

Airwallex is a private fintech infrastructure company that provides cross-border financial software and payment rails for businesses. Its product set spans multi-currency business accounts, global payment acceptance, spend management, subscription billing, and embedded finance APIs. The company serves SMBs, larger enterprises, online merchants, marketplaces, SaaS companies and fintech platforms that need to collect, hold, convert, send and embed money movement across markets.

The company makes money through a mix of software subscription fees and transaction-based revenue streams. These include payment processing fees, foreign exchange mark-ups, transfer fees, interchange from card usage, and API-driven financial infrastructure usage. Its value proposition is consolidating global accounts, treasury, payments, billing and issuing into one platform rather than forcing customers to stitch together separate providers.