# Airwallex announces $320 million fundraise and CFO hire

_Friday, July 10, 2026 at 8:00 AM EDT · Capital · Latest · Tier 2 — Notable_

![Airwallex announces $320 million fundraise and CFO hire — Primary](https://arizent.brightspotcdn.com/dims4/default/7b0563b/2147483647/strip/true/crop/4000x2100+0+285/resize/1200x630!/quality/90/?url=https%3A%2F%2Fsource-media-brightspot.s3.us-east-1.amazonaws.com%2F98%2F44%2F0e0d3eb64e9a911d04b7f29e88a8%2F454071110.jpg)

Airwallex announced on Thursday that it raised $320 million in venture capital funding and appointed Pranav Sood as chief financial officer. The company said the Series H fundraise brings its valuation to $11 billion, a 38% increase from six months prior. Sood returns to Airwallex from Bain Capital's growth equity fund, where he worked on scaling technology businesses across the U.K. and Europe. In his previous tenure at Airwallex, Sood led the initial build-out of the company's EMEA operations. Airwallex stated it will use the funding for product development in autonomous finance and agentic commerce, expanding its infrastructure and regulatory footprint into new markets. The round was led by U.S. venture capital firm Addition, a returning investor. Airwallex has raised $1.85 billion in total across 17 deals since 2016, according to PitchBook data. The company reported $1.3 billion in annualized revenue in March, up 74% year over year, and $287 billion in annualized transaction volume, up more than 120% year over year. Around 90% of Airwallex's revenue now comes from customers using more than one Airwallex product. Airwallex holds 80 licenses and permits worldwide, including money transmitter licenses for 48 U.S. states.

## Sources

- [American Banker](https://www.americanbanker.com/news/airwallex-announces-320-million-fundraise-and-cfo-hire)

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Retrieved: 2026-07-11T02:52:25.470Z
Publisher: Tech & Business (techandbusiness.org)