Airwallex, a cross border payment company, announced its official launch in the US as it continues its international growth momentum.

The company first established a presence in San Francisco in 2019, and has grown to a team of more than 30 today across product and engineering, legal, risk & compliance, partnerships and sales.

Airwallex plans to continue to expand its US team over the coming months, as it looks to further strengthen its foothold in the market.

Its market entry into the U.S. is supported by a partnership with domestic bank Evolve Bank & Trust, a technology-focused financial services organisation and Banking-as-a-Service provider.

Additionally, Airwallex has been issued money transmitter licenses in various major states and is permitted to provide money services business in almost all the states across the US, including California, Texas and Florida.

With several local bank partnerships and licenses, Airwallex said that it will progressively introduce its suite of products and services to businesses in the US, including multi-currency cards and an online payment acceptance solution that will allow businesses to collect payments from customers around the world.

To further support Airwallex’s global growth, San Francisco will also serve as one of Airwallex’s global engineering hubs alongside Melbourne, Sydney, Shanghai and Amsterdam.

The establishment of these hubs aims to further drive digital innovations and are focused on the research and development of new products and enhancement to strengthen Airwallex’s global infrastructure.

Founded in Melbourne and headquartered in Hong Kong, Airwallex operates across 12 offices with a global team of over 900 employees.

“This is an exciting moment for us as we look at ways to further support U.S. businesses that are looking to grow, both in the U.S. and internationally. The U.S. is a major hub for technology innovation and is at the forefront of bringing traditional banking financial services into the new age.

 

With our base in San Francisco, we are excited to be able to take part in that change and provide businesses in the U.S. with an infrastructure that can seamlessly handle their international payments and financial services needs.”

said Jack Zhang, Co-founder and CEO of Airwallex.

This article first appeared on Fintech News Hong Kong. 

Featured image credit: Edited from Unsplash