Airwallex to invest in Netherlands as it ramps up Europe shift
Airwallex, the Australian payments platform, is set to infuse about €200m ($234.3m) into the Netherlands over the next five years as it steps up its European push, as per a report by Reuters.
The move signals the firm’s shifting emphasis away from its traditional Asia-Pacific stronghold.
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The Melbourne-founded fintech intends to expand its presence in Amsterdam, targeting a 60% increase in staff numbers to roughly 70 full-time employees by the end of 2026.
Established in 2015, Airwallex runs a cross-border payments platform that allows businesses to send and receive international transfers, maintain multi-currency accounts and handle online payment processing.
The firm secured $13m in a Series A funding round led by Chinese technology group Tencent in 2017.
Subsequent capital raises include a $300m round in May 2025, which took its valuation beyond $6bn.
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By GlobalDataThis was followed by a Series G round, which helped the firm secure $330m at a $8bn valuation.
Airwallex surpassed $1bn in annual recurring revenue last year, according to the news agency.
In 2024, the company said it aimed to be ready for an initial public offering in 2026, though it has since declined to comment on its listing plans.
The latest investment in the Netherlands comes as the company says it will concentrate on building its footprint in Europe and the Americas, after roughly a decade of focusing on Australia and wider Asia-Pacific markets.
Airwallex obtained a licence in the Netherlands in May 2021, providing passporting rights across the European Economic Area.
As of October 2025, the firm was serving more than 150,000 customers, including Shein, Bolt, TikTok and Canva, highlighted Reuters.
In Europe, it is competing with payment providers such as Dutch groups Adyen and Mollie, as well as digital bank Bunq.
In December, Airwallex said it would invest $590m in its UK operations between 2026 and 2030.
That programme includes a planned 60% rise in UK headcount, alongside the rollout and enhancement of products such as Spend AI, credit cards and recurring billing software-as-a-service.
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