18 Dec 2025

Latham & Watkins Advises Airwallex on US$330 Million Series G Financing

"Latham & Watkins represented Airwallex in a US$330 million Series G financing led by Addition, with participation from T. Rowe Price, Activant, Lingotto, Robinhood Ventures and TIAA Ventures. The round values Airwallex at US$8 billion. Proceeds will support US and global expansion, AI hiring and product development; Airwallex has established a second global HQ in San Francisco and will deploy over US$1 billion in the US from 2026–2029."

Latham & Watkins represented Airwallex in the US$330 million Series G financing. Airwallex, a global financial platform for modern businesses, has raised US$330 million in a Series G round led by Addition with participation from T. Rowe Price, Activant, Lingotto, Robinhood Ventures and TIAA Ventures. The financing values Airwallex at US$8 billion, approximately a 30% increase since its Series F six months earlier. The investment will support Airwallex’s continued growth in the United States and key markets worldwide, and will fund expanded AI hiring and product development. Underscoring its commitment to the US market, Airwallex has established a second global headquarters in San Francisco and plans to deploy more than US$1 billion from 2026 to 2029 to scale US operations, attract talent and expand its physical and brand footprint. Latham & Watkins represented Airwallex with a team composed by: Bay Area partners Rick Kline and Alex Kassai; Hong Kong partners Benjamin Su and Frank Sun; and Beijing counsel Jason Zhao.
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