Airwallex Expands into Autonomous Finance Amidst IPO Uncertainties

Airwallex president Lucy Liu describes T:0, an automated bookkeeping system, as “assisted driving, like you have in a Tesla.” This innovation marks a pivot for Airwallex, propelling it into the realm of autonomous finance. The fintech company, initially rooted in Australia, has established itself as a global player in the financial technology and payments sector, aligning with the evolving landscape shaped by AI. A recent Series H funding round raised $320 million for Airwallex, led by Addition and supported by prominent investors like Baillie Gifford and T. Rowe Price. The funding round, valuing Airwallex at $11 billion, underscores the company’s…