Airwallex plans to invest more than S$2 billion in Singapore over five years, The Straits Times reported, as the fintech expands the city-state's role in its global operations.
The newspaper said the plans were announced Nov. 11 at the opening of the company's expanded co-headquarters at Guoco Tower. Airwallex will use Singapore and San Francisco as the two bases for its global headquarters. More than 750 people currently work for the company in Singapore; it aims to exceed 1,000 employees. The report said recruitment will cover all teams, with priority for artificial intelligence, product, engineering, commercial and legal positions.
Airwallex expects the investment to expand its Singapore team, improve product and technology capabilities, and support regional and global operations, The Straits Times reported. The Australia-founded fintech offers businesses financial tools, including cross-border payments.
In the first half of 2026, Airwallex Singapore's revenue and total transaction volume each rose 90% from a year earlier, the newspaper reported. Airwallex serves more than 670,000 customers worldwide, with Singapore among its fastest-growing markets; it does not disclose a Singapore customer count. Arnold Chan, the company's Asia-Pacific general manager, told the newspaper, “Singapore is central to our global ambitions.”
Chan said even small and midsize businesses operate across borders, creating demand for financial services that support international activity. The report also described Airwallex accounts that let AI agents handle corporate treasury tasks and move money. Chan said he expects finance to shift from AI assistance toward workflows in which software can make decisions and act. He told the newspaper the company aims to create high-value jobs and give local employees international experience.
Herman Loh, senior vice president and co-head for Digital Industry Singapore at the Economic Development Board, said the investment would add product and AI capabilities locally and create jobs tied to next-generation financial solutions. Airwallex's first Singapore office at Grace Global Raffles Place covered 2,800 square feet, The Straits Times reported.
An additional Guoco Tower floor is scheduled to come into use in early 2027. Once it does, the company's Singapore offices are expected to exceed 80,000 square feet across four floors, the report said.
