Airwallex to invest in Netherlands as it ramps up Europe shift – report

Group 1 - Airwallex plans to invest approximately $234.3 million in the Netherlands over the next five years as part of its strategy to expand in Europe, moving away from its traditional focus on the Asia-Pacific region [1][3] - The company aims to increase its staff in Amsterdam by 60%, reaching around 70 full-time employees by the end of 2026 [1] - Airwallex has surpassed $1 billion in annual recurring revenue and is preparing for a potential initial public offering in 2026, although it has not confirmed its listing plans [3] Group 2 - Established in 2015, Airwallex operates a cross-border payments platform that facilitates international transfers, multi-currency accounts, and online payment processing [2] - The firm has raised significant capital, including $300 million in May 2025, which increased its valuation to over $6 billion, followed by a Series G round that secured $330 million at an $8 billion valuation [2] - As of October 2025, Airwallex serves over 150,000 customers, including notable clients like Shein, Bolt, TikTok, and Canva, and competes with European payment providers such as Adyen and Mollie [4]