Airwallex Commits $1.56 Billion to Singapore as Co-Headquarters Hub

Airwallex will 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. The company announced the plan in a statement on Wednesday.

The move cements 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 already employs more than 750 people there across commercial, corporate, product, and engineering functions.

What's opening in Tanjong Pagar?

The announcement coincided with the opening of Airwallex's expanded co-headquarters at Guoco Tower in Tanjong Pagar. The new office space on level 35 brings the company's total footprint in Singapore to more than 80,000 square feet across four floors. A fifth floor is due in early 2027.

The investment will fund workforce expansion, product innovation, technology capability, and global and regional operations. Airwallex plans to focus the new roles on three areas:

• Product development
• Engineering
• Artificial intelligence

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.

How fast is the Singapore business growing?

The Singapore business reported 90 percent year-on-year growth in both revenue and total transaction volume in the first half of 2026, according to the company.

Singapore also serves as Airwallex's regional hub for Malaysia, Indonesia, and Vietnam. The company says it supports Singapore businesses expanding overseas, including Far East Flora, Stryv, Circles, Moom Health, ZENXIN Organic, and Chronos Agency.

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.

How big is Airwallex globally?

Airwallex was founded in Melbourne in 2015 and is co-headquartered in San Francisco and Singapore. The company says it serves more than 676,000 businesses worldwide.

It holds more than 85 licences across North America, Europe, the Middle East, and Asia-Pacific. Its headcount stands at more than 2,700 employees across 27 offices.

The Singapore commitment follows a $320 million Series H round, first reported in June 2026, which lifted the company's valuation to $11 billion.

The five-year plan signals that Airwallex intends to build, not just operate, from Singapore — with AI and engineering roles at the center of the expansion as competition among fintech hubs in Asia-Pacific intensifies.

By Amara Osei