Airwallex Commits S$2 Billion to Singapore, Plans 250 New Jobs
Fintech company Airwallex has announced plans to invest more than S$2 billion (US$1.6 billion) in Singapore over the next five years, strengthening the city-state’s position as a global financial technology hub. The Australian-founded company also plans to expand its Singapore workforce from around 750 employees to more than 1,000, creating approximately 250 additional jobs. The announcement was made on November 11, 2026, during the opening of its expanded office at Guoco Tower.
Airwallex, founded in Melbourne in 2015, provides businesses with multi-currency accounts, international money transfers and online payment services. Its expanded Singapore office serves as one of its global co-headquarters, alongside its base in San Francisco. The company plans to use the investment to strengthen product innovation, engineering, artificial intelligence and regional and global operations, with a focus on developing high-value skills among local employees.
The investment comes amid growing competition among financial services companies to expand their Singapore operations. Airwallex reported a 90 per cent increase in both revenue and transaction volume in the first half of 2026 compared with the same period last year. Meanwhile, Revolut has committed nearly S$350 million to Singapore over five years, while Visa plans to open a new Solution Centre bringing together 1,500 employees across technology, cybersecurity, engineering and innovation.
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