Airwallex, the Melbourne-born payments platform now valued at $11 billion, intends to be IPO-ready by the end of 2026, but the exact timing remains uncertain due to regulatory complexity. The company generated an annualized revenue run rate of $1.3 billion in March 2026, with 74% year-over-year growth, and an annualized transaction volume of $287 billion. It raised $320 million in a Series H round in June 2026, pushing its valuation to $11 billion, a 37.5% increase from December 2025. Airwallex is profitable and cash-flow positive, giving it the flexibility to wait for the optimal market window without financial pressure.
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