SINGAPORE: Australian-founded fintech company Airwallex on Wednesday (Nov 11) announced its plans to invest more than S$2 billion (US$1.6 billion) in Singapore over the next five years.
The firm also intends to increase its workforce in Singapore to over 1,000 employees in the same time frame, up from around 750 today.
These announcements came as Airwallex officially opened its expanded office, which serves as its global co-headquarters. The company’s other co-headquarters is located in San Francisco.
Founded in Melbourne in 2015, Airwallex operates a financial and payments platform for businesses, offering multi-currency accounts, high-speed international transfers and online payments, among other services.
Airwallex opened its Singapore office on the 20th floor of Guoco Tower in February 2023, before taking additional space on the 33rd floor. It will now add office space on the 35th floor, with another floor scheduled for occupancy early next year.
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