tech
Airwallex expands from cross-border payments to autonomous finance—though president Lucy Liu says it’s still ‘not the best time’ for an IPO
Airwallex president Lucy Liu invokes a car metaphor to describe one of her company’s newest products. “It’s like assisted driving, like you have in a Tesla,” she says to describe T:0, an automated bookkeeping system that can run a company’s entire financial department on its own. “You still have someone in the driver’s seat, but the car really drives itself.”

TL;DR
- Airwallex has raised $320 million in a Series H funding round, increasing its valuation to $11 billion.
- The company is shifting its focus to 'autonomous finance' and 'agentic commerce' with new AI-powered products.
- Airwallex is expanding aggressively into new markets, including the U.S., South Korea, Mexico, and Brazil.
- The company has faced geopolitical scrutiny regarding its ties to China and regulatory challenges in Australia.
- Airwallex is 'IPO-ready' but plans to go public only when market conditions are favorable.