Business payments provider Airwallex is set to double its office space in London following an impressive 109% year-on-year growth in the UK.
Founded in Australia in 2015, Airwallex offers global bill payments, expense management, and multi-currency debit cards to its 150,000 business clients. The company’s rapid expansion has led to an annualized revenue of $720 million as of March 2025, marking a 90% increase compared to the previous year. In May, Airwallex achieved a $6.2 billion valuation following a $300 million Series F funding round.
Since its UK launch in 2020, the firm has experienced triple-digit growth, driven by increased deal volume and value. Revenue for the first half of 2025 grew by 109% year-over-year, surpassing growth in more established markets like Australia and Singapore.
Currently, Airwallex employs 100 staff at its UK headquarters in Holborn. With revenues rising, the company plans to move to a new office in Fitzrovia to support its recruitment efforts. The new location will span the entire first floor of the Wells & More building on Mortimer Street, exceeding 16,000 sq ft—more than double the current office size.
The company is also in advanced stages of launching several new products in the coming months, including Yield and other value-added services.
“The UK continues to be one of Airwallex’s fastest-growing markets globally,” says Kai Wu, Chief Revenue Officer. “The surge in demand for our platform reflects businesses’ desire for modern alternatives to traditional banking and payments infrastructure. Our new Fitzrovia office demonstrates our momentum and long-term commitment to investing in the UK market.”