Airwallex’s US$1.5B Singapore pledge dwarfs the island’s entire fintech funding haul

What happened

The cross-border payments firm said on Wednesday it will invest more than SGD2 billion (about US$1.5 billion) in the city-state over the next five years and grow its local headcount from over 750 to more than 1,000. The pledge coincided with the official opening of its expanded office at Guoco Tower in Tanjong Pagar, which the company describes as Singapore’s tallest building.

Airwallex wants Singapore to know it is staying put.

The move cements Singapore as one of its two global co-headquarters, alongside San Francisco. A new floor on level 35 is now occupied and another is due in early 2027, taking Airwallex’s local footprint to more than 80,000 sq ft across four floors.