Airwallex, a global financial platform, plans to invest more than S$2 billion ($1.56 billion) in Singapore and grow its local workforce to more than 1,000 employees over the next five years.
In a statement on Wednesday, Airwallex said the plan reinforces Singapore’s role as one of Airwallex’s two global co-headquarters, alongside San Francisco. Airwallex set up its global headquarters in Singapore in 2023 and now employs more than 750 people across commercial, corporate, product, and engineering functions.
The announcement coincided with the opening of Airwallex’s expanded co-headquarters at Guoco Tower in Tanjong Pagar. The company’s new office space on level 35 brings its total footprint in Singapore to more than 80,000 square feet across four floors, with another floor due in early 2027.
The investment will support Airwallex’s growth in Singapore, including workforce expansion, product innovation, technology capability, and its global and regional operations. Airwallex plans to focus the new roles on product development, engineering, and artificial intelligence (AI).
Arnold Chan, general manager for Asia-Pacific at Airwallex, said Singapore’s talent, innovation ecosystem, and connectivity make it a natural home for one of the company’s global co-headquarters.
Herman Loh, senior vice president and co-head of the digital industry at the Singapore Economic Development Board (EDB), said the investment reflects Singapore’s position as a hub for fintech innovation and a base for companies expanding across Southeast Asia and the wider Asia-Pacific.
Singapore also serves as a regional hub for Airwallex in Malaysia, Indonesia, and Vietnam.
Airwallex was founded in Melbourne in 2015 and is co-headquartered in San Francisco and Singapore. It says it serves more than 676,000 businesses worldwide, holds more than 85 licences across North America, Europe, the Middle East and Asia-Pacific, and has more than 2,700 employees across 27 offices. This article is not investment advice.
The company reported 90 percent year-on-year growth in revenue and in total transaction volume for its Singapore business in the first half of 2026. It says it supports Singapore businesses expanding overseas, such as Far East Flora, Stryv, Circles, Moom Health, ZENXIN Organic, and Chronos Agency.
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