Airwallex plans to invest more than S$2 billion in Singapore and grow its local team to over 1,000 people within five years.

The announcement coincides with the opening of its expanded co-headquarters at Guoco Tower. Airwallex plans to expand its office space to over 80,000 square feet, occupying another floor in early 2027.

“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,” said Arnold Chan, General Manager of Asia-Pacific at Airwallex, which runs two global co-headquarters in Singapore and San Francisco.

Airwallex set up its global headquarters in Singapore in 2023 and currently employs over 750 people there in commercial, corporate, product and engineering roles. New hires will go mainly into product development, engineering and AI.

The investment will also pay for product and technology work and for the company’s regional and global operations. The Singapore Economic Development Board is working with Airwallex on the expansion.

“We welcome Airwallex’s continued investment in Singapore, which will significantly increase its footprint and anchor more product and AI capabilities here,” said Herman Loh, Senior Vice President and Co-Head of Digital Industry Singapore.

Airwallex’s Singapore business grew fast in the first half of 2026 with revenue rising 90 percent year on year and total transaction volume rising by the same rate. Local customers that sell abroad include Far East Flora, Stryv, Circles, Moom Health, ZENXIN Organic and Chronos Agency.

“Singapore SMEs increasingly value integrated financial solutions that bring their financial operations together on one platform,” said Lionel Tan, Head of SME and Growth, Airwallex.

Singapore is also the base for Airwallex’s growth in Malaysia, Indonesia and Vietnam.

Airwallex aims to strengthen Singapore’s position as a global hub for financial services and technology innovation.

“We’re not just expanding our presence in Singapore, we’re investing in the talent, technology and capabilities that will power our next phase of global growth and help AI-native, globally oriented businesses thrive,” added Chan.