The firm's global processing volume exceeded $100 billion, with revenue over $500 million.
Staffing grew in Tel Aviv and Vilnius, with senior executives appointed in London and Amsterdam.
Airwallex has reported a 271% increase in revenue for its
Europe, Middle East, and Africa (EMEA) unit in Q3 2024 compared to the same
period in 2023. Transaction volumes also rose by 145% during this time.
The company has expanded its operations across the region,
opening a new office in Paris and making its first hires in Abu Dhabi and
Dubai. It also increased staffing in Tel Aviv and Vilnius and appointed senior
executives in London and Amsterdam. The EMEA team now exceeds 150 employees
from over 38 nationalities.
Global Processing Volume Surpasses $100 Billion
Simon Ellis, Head of Operations at Airwallex EMEA, Source: LinkedIn
Globally, Airwallex surpassed $100 billion in annual
processing volume, marking a 60% year-on-year increase. Its products, including
payments, FX, payouts, and issuing, contributed to an annual run rate revenue
of over $500 million.
According to the press release, the company recently launched Airwallex Impact, a global
social initiative supported by a 1% equity commitment valued at $56 million.
The program also includes pledges of 1% of employee time, profits, and products
for philanthropic efforts.
Simon Ellis, Head of Operations at Airwallex EMEA, said
“Airwallex is in growth mode. We are investing in local strength across the
EMEA region in order to fuel our ambition to drive success for our 100,000+
customers across the world."
Multicurrency Feature Eases Accounting
Meanwhile, Airwallex
has integrated QuickBooks Online, allowing customers to import transaction
data directly into QuickBooks as reported by Finance Magnates. This integration
eliminates manual data entry and streamlines accounting reconciliation.
Customers can sync card, FX, payment, and transfer
transactions across different currency balances using QuickBooks' Multicurrency
feature. The OAuth connection ensures secure automated syncing of transactions
between QuickBooks and Airwallex, reducing errors and improving financial
management efficiency.
This integration also complements existing QuickBooks
features for Bill Pay and Expense Management. In addition, Airwallex has
integrated with other accounting platforms, such as Xero, Netsuite, and Sage,
to further enhance its financial management capabilities.
Airwallex has reported a 271% increase in revenue for its
Europe, Middle East, and Africa (EMEA) unit in Q3 2024 compared to the same
period in 2023. Transaction volumes also rose by 145% during this time.
The company has expanded its operations across the region,
opening a new office in Paris and making its first hires in Abu Dhabi and
Dubai. It also increased staffing in Tel Aviv and Vilnius and appointed senior
executives in London and Amsterdam. The EMEA team now exceeds 150 employees
from over 38 nationalities.
Global Processing Volume Surpasses $100 Billion
Simon Ellis, Head of Operations at Airwallex EMEA, Source: LinkedIn
Globally, Airwallex surpassed $100 billion in annual
processing volume, marking a 60% year-on-year increase. Its products, including
payments, FX, payouts, and issuing, contributed to an annual run rate revenue
of over $500 million.
According to the press release, the company recently launched Airwallex Impact, a global
social initiative supported by a 1% equity commitment valued at $56 million.
The program also includes pledges of 1% of employee time, profits, and products
for philanthropic efforts.
Simon Ellis, Head of Operations at Airwallex EMEA, said
“Airwallex is in growth mode. We are investing in local strength across the
EMEA region in order to fuel our ambition to drive success for our 100,000+
customers across the world."
Multicurrency Feature Eases Accounting
Meanwhile, Airwallex
has integrated QuickBooks Online, allowing customers to import transaction
data directly into QuickBooks as reported by Finance Magnates. This integration
eliminates manual data entry and streamlines accounting reconciliation.
Customers can sync card, FX, payment, and transfer
transactions across different currency balances using QuickBooks' Multicurrency
feature. The OAuth connection ensures secure automated syncing of transactions
between QuickBooks and Airwallex, reducing errors and improving financial
management efficiency.
This integration also complements existing QuickBooks
features for Bill Pay and Expense Management. In addition, Airwallex has
integrated with other accounting platforms, such as Xero, Netsuite, and Sage,
to further enhance its financial management capabilities.
United Fintech Scores Sixth Backer Days After Barclays Deal
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
