Payments and banking platform Airwallex has crossed $1bn in annualised run rate revenue.

The achievement comes as the UK cements its position as one of Airwallex’s fastest-growing markets globally, with significant expansion occurring in revenues, clients and presence.

It took Singapore-headquartered Airwallex nine years to reach its first $500m in ARR – the next $500m came in just over one year. At its current growth rate of roughly 90% year-on-year, Airwallex says it is on track to double ARR again, surpassing $2bn within the next 12 months.

Airwallex’s UK revenue in the first half of 2025 grew by 109% versus the same period last year, with its overall headcount in EMEA growing by 35% over the same period.

To accommodate this rapid expansion, Airwallex has outgrown its Holborn office and has acquired a new EMEA regional headquarters in Fitzrovia. The new office occupies the entire first floor of the Wells & More building on Mortimer Street and, at over 16,000 sq ft, is more than double the size of its previous space.