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Airwallex Invests 200M Euros in Dutch Expansion
5 Jan
Summary
- Airwallex commits 200 million euros to its Netherlands operations over five years.
- The company plans to increase its Amsterdam headcount by 60% by the end of 2026.
- This expansion signals Airwallex's strategic shift towards Europe and the Americas.
Australian payment firm Airwallex announced a significant investment of around 200 million euros into its Netherlands operations. This substantial commitment, spanning the next five years, marks a major strategic pivot towards European expansion. The company, founded in Melbourne, plans to grow its Amsterdam-based team by approximately 60% by the end of 2026.
Airwallex operates a global payments platform, facilitating international money transfers and multi-currency accounts for businesses. Having secured necessary licenses in May 2021, the firm now has direct access to the European Economic Area. This investment follows a recent Series G funding round that valued the company at over $6 billion and pushed its annual recurring revenue past $1 billion.
The company's strategic shift towards Europe and the Americas is a departure from its initial decade-long focus on Australia and Asia-Pacific markets. Airwallex now serves over 150,000 customers globally and competes with established European payment providers like Adyen and Mollie.
