Airwallex plans to invest more than S$2 billion in Singapore over the next five years as it expands its local workforce from more than 750 to over 1,000 employees.
The cross-border payments and financial platform will use the investment to develop its product, engineering and AI capabilities, while supporting its regional and global operations.
Singapore serves as one of Airwallex’s two global co-headquarters, alongside San Francisco.
The company will work with the Singapore Economic Development Board (EDB) to expand its local capabilities and support Singapore’s position as a hub for financial services and technology innovation.
“Singapore is central to our global ambitions. Its talent, innovation ecosystem and connectivity make it a natural home for one of our global co-headquarters, and a key base for driving our next phase of growth,”
The investment announcement coincided with the opening of Airwallex’s expanded office at Guoco Tower in Singapore’s Tanjong Pagar business district.
The company has added office space on level 35 and plans to occupy another floor in early 2027. Once completed, its Singapore office will cover more than 80,000 square feet across four floors.
Airwallex established its global headquarters in Singapore in 2023 and now employs more than 750 people locally across commercial, corporate, product and engineering functions.
Future hiring will focus on specialised roles in product development, engineering and AI, with local teams contributing to the company’s international operations.
The EDB said the expansion would bring additional product and AI capabilities to Singapore while creating job opportunities in next-generation financial services.
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