Expansion and Partnerships Bolster Airwallex's Canadian Operations Significantly
**Airwallex Expands Presence in Canada, Bolstering Modern Fintech Infrastructure**
Singapore-based fintech company Airwallex is making significant strides in Canada, marking a strong product-market fit among businesses engaged in international trade. The company's rapid expansion in the region is driven by a focus on expanding its product suite tailored to cross-border financial operations, leveraging a wide network of payment methods and partners, and delivering superior localized customer experiences.
In a bid to streamline access to capital and global financial infrastructure for Small and Medium-sized Enterprises (SMEs) across North America, Airwallex has partnered with Boundless AI. This strategic alliance aims to empower businesses in Canada with seamless cross-border financial solutions, offering localized pricing in local currencies and access to preferred payment methods.
Airwallex's platform offers a comprehensive suite of services designed for businesses with international financial needs. The platform includes business accounts with foreign exchange management, fast global transfers, virtual Visa cards with no international fees, and robust spend and bill management features.
In Canada, Airwallex has experienced exceptional momentum, recording a 390% growth in revenue and a rapidly expanding customer base over the past 12 months. The company's focus on geographic expansion and localization, securing licenses and forging partnerships to embed itself in new markets, is part of a broader strategy to globalize and scale its services.
One such partnership is with OneEleven, a prominent incubator for scaling startups, aimed at bringing Airwallex's tools to Ontario's innovation community. Trung Pham, Founder of RYSE, has praised Airwallex as the best platform he has worked with in Canada for simplifying international financial operations.
Airwallex's product offerings in Canada are extensive. Businesses can accept payments globally with access to 160+ local payment methods and interbank foreign exchange rates, reducing fees and increasing checkout conversions. Cross-border payments are facilitated with multi-currency accounts and local bank details, enabling Canadian businesses to operate like local entities internationally.
Moreover, Airwallex offers multi-currency Visa cards for managing expenses globally, integrated with real-time dashboards. The platform also supports batch payments to up to 1,000 recipients across countries and currencies, streamlining payroll, supplier payments, and expense management.
As part of its global Series F funding strategy, Airwallex is investing in AI-powered enhancements for its core product and expanding its Canadian presence through sales hiring, marketing, and ecosystem partnerships. The company is positioning itself as a cornerstone of Canada's modern fintech infrastructure with a mission to help Canadian businesses reach their global potential.
Simba Wakatama, Head of Partnerships & Experiences at OneEleven, stated that partnerships like this one with Airwallex enable high-growth companies to scale faster and smarter. With its continued growth and strategic partnerships, Airwallex is undeniably becoming a key player in Canada’s international payments market.
- Airwallex is partnering with Boundless AI, a move designed to leverage artificial intelligence and provide seamless cross-border financial solutions to businesses in Canada, offering localized pricing in Canadian currencies and access to preferred payment methods.
- Airwallex is investing in AI-powered enhancements for its core product, aiming to streamline access to capital and global financial infrastructure for Small and Medium-sized Enterprises (SMEs) in Canada as part of its strategy to become a cornerstone of Canada’s modern fintech infrastructure, helping Canadian businesses reach their global potential.
