BUSINESS

AIRWALLEX SINGAPORE REVENUE GROWS 13X IN 1H 2023

10/11/2023 05:44 PM

KUALA LUMPUR, Nov 10 (Bernama) -- Global fintech platform, Airwallex has announced that revenue from its Singapore business grew 13 times (1,213 per cent) year-on-year (y-o-y), in the first half of 2023.

Airwallex Singapore also saw more than 11 times growth (1,015 per cent) in total transaction volume as businesses in Singapore recovered from the pandemic and the world reopened, in the same period.

According to a statement, this coincides with the company’s continued scaling of its operations and global footprint, including across Southeast Asia as it looks to further expand its regional presence.

“Singapore’s connectivity across Asia Pacific makes it a key location for us as we further strengthen our presence across the region.

“We are dedicated to working hard to provide the best products and solutions, and look forward to fostering closer collaboration with our customers and partners,” said Airwallex Chief Revenue Officer and Asia Pacific Executive General Manager, Kai Wu.

Meanwhile, its General Manager of Asia, Arnold Chan said: “As one of our fastest-growing markets to date, we are confident about our growth in Singapore and will continue to invest in the business across Southeast Asia.”

As Airwallex grows in Southeast Asia, the company will continue to expand in Singapore and aims to grow its headcount to more than 200 in the next year.

The company continues to experience tremendous growth momentum with most recently announcing its planned acquisition of MexPago and expansion into Latin America, several key partnership wins in the United States and Europe, the Middle East and Africa (EMEA) as well as the launch of its 'Airwallex for Startups' programme in Hong Kong.

-- BERNAMA


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