Tencent-backed fintech Airwallex to invest in the Netherlands

Reuters

Mon, January 5, 2026 astatine 5:10 AM CST 1 min read

Jan 5 - Australian outgo steadfast Airwallex said connected Monday it volition put astir 200 cardinal ​euros ($233.64 million) implicit the adjacent 5 years ‌in its Netherlands operations, marking a large European enlargement arsenic it ‌shifts from its Asia-Pacific base.

The Melbourne-founded fintech plans to summation its Amsterdam headcount by 60% to astir 70 full-time employees by the extremity of 2026.

Airwallex operates a ⁠global payments level that ‌enables businesses to nonstop and person planetary payments, clasp multi-currency accounts and process online ‍transactions.

Founded successful 2015, Airwallex secured a $13 cardinal Series A circular led by Chinese net elephantine Tencent successful 2017. The institution ​recently raised $330 cardinal successful a Series G round, ‌bringing its valuation to implicit $6 billion, and surpassed $1 cardinal successful yearly recurring revenue.

The concern comes arsenic Airwallex says it volition prioritise maturation successful Europe and the Americas aft a decennary focused connected Australia and Asia-Pacific ⁠markets. The institution received a ​licence successful the Netherlands successful May ​2021, giving it entree to the European Economic Area.

Airwallex served much than 150,000 customers arsenic ‍of October ⁠2025, including Shein, Bolt, TikTok and Canva. The institution present competes with established European outgo processors ⁠including Netherlands-based Adyen and Mollie, arsenic good arsenic Dutch integer slope ‌Bunq.

($1 = 0.8560 euros)

(Reporting by Leo Marchandon successful ‌Gdansk Editing by Louise Heavens)