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flag Airwallex, backed by Tencent, invests €200M in the Netherlands to expand in Europe and the Americas, aiming to grow its Amsterdam team by 60% by late 2026.

flag Australian fintech Airwallex, backed by Tencent, plans to invest 200 million euros ($233.64 million) over five years in its Netherlands operations, expanding its European footprint. flag The company aims to grow its Amsterdam workforce by 60% to about 70 employees by late 2026. flag This marks a strategic shift from its Asia-Pacific roots as it strengthens its presence in Europe and the Americas. flag The move follows a $330 million funding round that raised its valuation above $6 billion and its annual recurring revenue past $1 billion. flag Airwallex, which serves over 150,000 global customers including Shein and TikTok, now competes with European payment giants like Adyen and Mollie.

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