Airwallex Stock: The IPO That Keeps Drifting
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Table of Contents
Notable Airwallex News
01/27/2026: Jack Zhang suggests an IPO is unlikely before 2028
11/03/2025: Airwallex crosses $1 billion in annualized revenue
12/08/2025: Airwallex raises $330M Series G at $8 billion
05/21/2025: Airwallex raises $300 million at a $6.2 billion
Older news…
About Airwallex
Airwallex is a global fintech platform that helps businesses move money across borders quickly and cheaply.
It was born out of genuine frustration — co-founders Jack Zhang and Max Li were running a coffee shop in Melbourne and kept getting hit with steep fees every time they imported beans from Brazil, Indonesia, and China.
That pain point led them and three other co-founders to launch the company in 2015 with a simple goal: build a cheaper, faster alternative to the traditional banking system for international payments.
Today, headquartered in Singapore, its core offering centres on cross-border payments, FX transfers, and global business accounts, but it has since expanded into corporate cards, treasury management, embedded finance, and expense tools.
The name “Airwallex” blends “air” — evoking the seamless, borderless movement of money — with “wallex,” a nod to wallets and exchange.
It now sits alongside Wise, Revolut, and Stripe as one of the more serious players in the global payments space, processing over $130 billion in transactions annually and serving clients like TikTok and Australia-based Canva.
Ownership
Airwallex is a venture-backed startup owned by its founders, employees, and multiple venture capital firms.
Notable venture capital investors include Blackbird, T. Rowe Price, Robinhood Ventures, TIAA Ventures, Visa, G Squared, Square Peg Capital, Lone Pine Capital, Tencent, Visa, Mastercard, Sequoia Capital, DST Global, Salesforce Ventures, and GreenOaks.
Funding Rounds
| Round | Date | Est. Valuation | Raise Amount | Price |
|---|---|---|---|---|
| Series G | 12/07/25 | $8.0B | $330.0M | NA |
| Series F | 05/20/25 | $6.2B | $300.0M | NA |
| Series E Extension | 10/10/22 | $5.6B | $100.0M | $16.04 |
| Series E | 09/19/21 | $4.0B | $200.0M | NA |
| Series D Extension | 03/23/21 | $2.6B | $100.0M | NA |
| Series D | 04/15/20 | $1.8B | $160.0M | NA |
| Series C | 03/25/19 | $1.0B | $100.0M | NA |
| Series B | 07/02/18 | NA | $80.0M | NA |
| Series A Extension | 12/12/17 | NA | $6.0M | NA |
| Series A | 05/02/17 | NA | $13.0M | NA |
| Pre Seed | 07/04/16 | NA | $3.0M | NA |
| Source: Caplight |
Valuation
The latest confirmed Airwallex valuation is $8 billion based on the Series G funding round that closed in December 2025.
Monitor secondary share marketplaces and data aggregators such as Hiive or Caplight to estimate a current market-based valuation.
IPO Potential
The Airwallex IPO date is unlikely to occur before 2028, according to a January 2026 statement by CEO Jack Zhang.
In a frustrated rant on LinkedIn in January 2026. Zhang wrote:
In a world of 24/7 news cycles and instant takes, stories often move faster than facts. Narratives get formed early, amplified quickly, and corrected if at all much later. We see this all the time in business. Assumptions get repeated until they’re treated as truth. For example, we’ve seen reporting we have suspended our IPO this year — despite the fact that we never planned to do an IPO this year, or even next year. That’s how easily narrative can outrun reality.
Zhang’s comments contradict a widely reported potential Airwallex IPO in 2026. The reporting was derived from previous statements by Zhang suggesting the company would be IPO-ready in 2025 or 2026.
As readers of this website have learned time and again, being IPO-ready does not mean an IPO is imminent.
For example, Databricks has been IPO-ready for multiple years and is still private as of Q1 2026.
Operating as an IPO-ready company for several months before an IPO is considered a best practice to prepare for the public scrutiny of a publicly traded company.
Perhaps Zhang intended to go public and changed his mind, or was simply stating his genuine intent to get the company IPO-ready without an IPO.
If the company chooses to IPO in the United States like another Australian unicorn, Canva, an F-1 filing (confidential or public) is the clearest sign that an IPO may be forthcoming.
The intent to move forward with an IPO is usually leaked to the press long before the F-1 filing becomes available to the public.
How to Invest in Airwallex Stock
Airwallex is a venture-backed startup worth as much as $8 billion as of Q1 2026.
At this stage in its lifecycle, pre-IPO shares may become available on various platforms as investors and employees in the U.S. may hold shares.
Here are some potential options to own Airwallex stock before, during, and after the IPO.
1. Invest Pre-IPO
Pre-IPO investment platforms may offer Airwallex stock or SPV shares for purchase as employees or early investors seek to sell some of their shares before the Airwallex IPO.
With Q1 2026 comments by the CEO suggesting an IPO is a few years away, current shareholders may seek earlier liquidity.
Accredited investors monitor pre-IPO investing platforms such as Hiive, Equitybee, Forge Global, and EquityZen for availability.
If equity becomes available, expect to pay at least a $10,000 investment minimum, often more.
Non-accredited investors can invest in pre-IPO companies via venture capital funds targeted at retail investors.
Fundrise Venture is a practical option. However, Airwallex is not a portfolio holding.
Please note: This is a testimonial in partnership with Fundrise. We earn a commission from partner links on AccessIPOs.com. All opinions are my own.
2. Participate in the Airwallex IPO through a broker
When a company eventually goes public, ordinary investors can sometimes buy the stock during the IPO at the IPO price.
This will depend on the country and exchange.
Often, only Wall Street’s top customers can invest in IPOs. But retail access is growing.
Some online brokers (like the ones listed below) allow investors to invest in IPOs for free, even if they have limited funds in their accounts.
TradeStation has a more established track record of accessing more than 400 IPOs and secondary offerings via its partnership with Click Markets.
Robinhood has the advantage of Silicon Valley networks and a history of getting allocations for high-profile IPOs.
Check out this list of the best brokers for IPO investing to learn more about IPO access for retail investors.
3. Buy Airwallex stock after the IPO
Most retail investors must wait until after the IPO to invest.
Waiting for the IPO has advantages, like access to more established financials after the first quarter of trading. Pre-IPO investing for retail accredited investors can have limited financials.
High-demand companies may have exaggerated valuations initially. Investors can benefit by attempting to sell near the peak, but may suffer when prices revert to fair valuations.
IPOs often start with high valuations, but stock prices may fall after the first and second-quarter earnings reports expose significant numbers and trends.
Stock price declines can be excellent entry points for recent IPO stock. Avoid buying overvalued shares immediately after the IPO due to lockup expirations and earnings disappointments.
However, the most disruptive companies may perform better over a decade, so patience is key.
Conclusion
Airwallex didn’t start in a boardroom or garage; it started in a Melbourne coffee shop, born out of a very genuine frustration with how hard it was to run a global business.
That kind of origin story signals a strong product-market fit, not a solution searching for a problem (how many startups form).
Zhang’s LinkedIn pushback against the 2026 IPO narrative is a bullish signal for patient investors; companies that resist premature public-market pressure tend to enter their IPOs with stronger fundamentals.
The downside is that most of the potential growth may already be factored in by the time of its IPO.
The gap between “IPO-ready” and “IPO-bound” is something retail investors consistently underestimate, and the Databricks comparison drives that point home with precedent.
For accredited retail investors watching secondary markets, the Series G is a useful anchor, but expect valuation to drift as more fintechs go public.
What makes Airwallex worth tracking, even from the sidelines, is its position in a payments vertical where the incumbents are expensive and the tailwinds from cross-border commerce are structural, not cyclical.
Keep an eye on any legitimate reporting for forthcoming F-1 filing activity, and follow the CEO’s LinkedIn feed for more off-the-cuff hints of what’s to come.
Airwallex News Archive
09/20/2021: Airwallex raised $200 million Series E
03/24/2024: Airwallex raises $100 million $2.6 billion
03/26/2019: Airwallex is a Unicorn after Series C
07/03/2018: Airwallex closes Series B fundraising
12/13/2017: Airwallex partners with Square Peg for Series A+
Frequently Asked Questions (FAQs)
Craig Stephens founded Access IPOs in 2016 to help ordinary investors explore IPO and pre-IPO opportunities. He also manages the Access Club, a membership community for IPO and startup investors. Craig studied Finance at Michigan State University and lives in Northern Virginia. Learn more about Craig.
* This is a testimonial in partnership with Fundrise, Hiive, Robinhood, and other affiliate partners. We earn a commission from partner links on AccessIPOs.com. All opinions are my own. If you sign up with one of our partners through certain on this website, Access IPOs will be compensated at no additional cost to the reader. See the full disclosure here. Risk Statement: Access IPOs is for informational purposes only and does not recommend buying or selling any specific pre-IPO company, IPO, or public company. Investing in IPOs and pre-IPO startups involves significant risk. Do not invest in companies based solely on what is included in this article. Only invest in IPOs and pre-IPO companies with money you can afford to lose. Mentions of specific investments should not be construed as financial advice. Conduct personalized research and consider consulting with an investment advisor before investing. Disclosure: The author may hold an active or pending position in this company either directly or indirectly through an investment fund.
