Airwallex Posts Second Straight Year of Triple-Digit Growth in Singapore
Event summary
- Airwallex reported 107% YoY revenue growth in Singapore for FY2025, marking the second consecutive year of triple-digit growth.
- Transaction volume rose 93% YoY, driven by SME demand for cross-border financial services.
- Headcount in Singapore grew 62% in 2025, with Product, Engineering, and Design (PED) functions expanding 130%.
- Airwallex plans to increase Singapore headcount by over 70% by the end of 2026.
- Survey of 250 Singapore SMEs reveals rising cost pressures (73% cite it as a top concern) and a shift toward regional expansion.
The big picture
Airwallex's strong performance in Singapore underscores its strategic focus on APAC expansion, leveraging deep local trust and agile execution. The shift among SMEs toward regional expansion and digital financial tools reflects broader industry trends of cost discipline and efficiency-driven growth. With over 200,000 businesses using its platform, Airwallex is positioning itself as a key player in the global financial infrastructure space.
What we're watching
- Regional Expansion
- Whether Airwallex can sustain its momentum in new markets like Indonesia, Vietnam, and South Korea.
- Cost Pressures
- How SMEs will balance rising costs with growth ambitions in 2026.
- Digital Adoption
- The pace at which fintech adoption accelerates among SMEs as they prioritize efficiency.
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