Airwallex expands into the US

Airwallex’s market entry into the US is supported by a partnership with domestic bank Evolve Bank & Trust

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Airwallex expands into the US

Airwallex, the Australia-headquartered cross-border payments provider, has launched in the US.

The expansion means Airwallex’s target business customers in the US will be able access a full suite of cross-border payment products and services, including cards and international collection and transfer.

Airwallex’s market entry into the US is supported by a partnership with domestic bank Evolve Bank & Trust, a technology-focused financial services organisation and banking-as-a-service provider.

In addition, Airwallex has been issued money transmitter licences in various major US states, including California, Texas and Florida.

The fintech aims to progressively introduce its suite of products and services to businesses in the US, including multi-currency cards and an online payment acceptance solution that will allow them to collect payments from customers around the world.

Airwallex, which was founded in Melbourne, Australia, in 2015, already operates across 12 offices with a global team of more than 900 employees.

The fintech opened an office in San Francisco in 2019. This will serve as one of the fintech’s global engineering hubs alongside Melbourne, Sydney, Shanghai and Amsterdam.

Commenting on the expansion, Jack Zhang, co-founder and chief executive officer of Airwallex, said: “We power some of the leading tech-driven organisations around the world, and are excited to soon offer the same services to businesses in the US. As we grow, we will continue to scale our products and offerings to better serve the needs of businesses operating globally.”