Global financial platform Airwallex said its treasury solution Yield has surpassed $1 billion in global assets under administration, marking a key milestone as the fintech company expands the product to businesses in the United States.

In a announcement last Friday, the Singapore-headquartered firm said U.S. customers can now access Yield, which allows companies to move idle cash from their Airwallex balances into a AAA-rated money market fund managed by J.P. Morgan Asset Management. The funds are invested in the J.P. Morgan U.S. Government Money Market Fund, which primarily holds U.S. government securities.

The company said the product’s rapid adoption helped push assets past the $1 billion mark just over two years after its initial launch in Australia. “Topping $1 billion is a testament to the demand for a new kind of banking experience—one that is global, digital-first, and institutional-grade,” said Jack Zhang, co-founder and chief executive of Airwallex.

According to Airwallex, much of the growth has been driven by small and medium-sized businesses generating less than $10 million in annual revenue. These firms are increasingly seeking higher returns on cash balances that would otherwise sit in low-interest bank accounts. Yield can operate as a “set-and-forget” treasury account, automatically allocating idle funds while maintaining liquidity for everyday operations.

Another trend behind the growth is a preference for holding funds in the United States Dollar, which businesses often view as a safer store of value during periods of currency volatility and macroeconomic uncertainty.

With the U.S. launch, Airwallex aims to position Yield as an alternative to traditional business savings accounts by offering competitive daily returns while maintaining near-instant liquidity. Businesses can move funds between their cash balance and the money market fund with no minimum lock-up period, and funds generally settle back into cash balances within two business hours, the company said.

Yield can help with seamless integration, such as moving funds between payments, payouts, corporate cards, and Yield accounts within a single dashboard.

Founded in Melbourne in 2015, Airwallex has grown into a global fintech infrastructure provider with more than 200,000 businesses using its platform to manage cross-border payments and financial operations. The company currently holds around 80 regulatory licenses across North America, Europe, the Middle East and Asia-Pacific, supporting services such as payment acceptance, global accounts and spend management.

 

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