Global fintech firm Airwallex hits a major milestone with its annualized run rate revenue (ARR) crossed $1 billion in October.

The firm said in a statement on Monday that at its current growth rate of roughly 90 percent year on year, the firm is on track to double again, surpassing $2 billion in ARR within the next 12 months.

According to the firm’s Jack Zhang, Co-founder and Chief Executive Officer of Airwallex, there are several levers fueling its continued acceleration.

Firstly, geographic and product diversification. The firm’s growth is increasingly global.

The Americas and Europe, the Middle East and Africa (EMEA) now make up 35 percent of revenue, up from virtually zero just three years ago.

“This global reach is now a key engine for our business. We’re deepening our go-to-market presence across Europe, North America, and other key Asian regions, while moving further upmarket to serve larger, more complex customers,

“That focus not only strengthens our customer relationships but also reinforces our brand with investors and talent. And when it comes to product diversity, roughly half of our customers now use multiple Airwallex products,” said Zhang.

Secondly, the accelerating with artificial intelligence (AI).

“A decade of building proprietary financial infrastructure now allows the firm to build meaningful value with AI,

“Fintechs that have invested in real infrastructure – licenses, payment networks, compliance, and data at scale – are best positioned to win the AI race in the Chief Financial Officer (CFO)’s office. That is our edge,” Zhang noted.

According to him, the firm’s proprietary rails, secure data flows, and scalable systems make its AI and software indispensable to finance teams.

“The companies that combine deep infrastructure with intelligent AI will shape how every CFO operates in the decade ahead,” he added.

Thirdly, building the brand. “The past decade was about building our products, our infrastructure, and the proof that Airwallex could scale globally,

“That was our foundation. The next decade is about brand equity earning the trust of businesses and entrepreneurs everywhere. Because in the long run, brand creates the deepest kind of compound value. I’ve never felt more confident in our trajectory or our ability to reach the next level of growth,” said Zhang.

It is noted that the number of customers using multiple Airwallex products has doubled since last year.

Meanwhile, a new generation of “born-global” businesses are accelerating economic interconnection.

“High-growth companies in AI and software as a service (SaaS) are launching into multiple markets from day one, selling, hiring, and transacting globally by design. Airwallex is uniquely positioned to power that shift,” said Zhang.

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