Airwallex is buying Paynuri to enter South Korea, securing fee gateway, pay as you go digital fee instrument, and overseas trade enterprise registrations to assist cross-border funds and FX companies.
The transfer offers Korean companies entry to Airwallex’s world monetary platform, enabling multi-currency spending, worldwide funds, and cross-border growth.
The acquisition alerts intensifying competitors in APAC funds, as Airwallex makes use of its contemporary Sequence G capital to speed up regulatory entry, increase headcount domestically, and strengthen its place in opposition to regional fintechs and world incumbents.
Business funds and banking platform Airwallex is increasing its world attain this week. The Singapore-based firm is buying Paynuri, an entity that holds fee gateway and pay as you go digital fee instrument licenses in South Korea. Monetary phrases of the deal are undisclosed.
Airwallex plans to make use of these licenses to empower firms in Korea to increase throughout borders by providing Korean companies a complete platform for managing their monetary operations throughout a number of markets and currencies. The acquisition may even give Airwallex the good thing about Paynuri’s South Korea Overseas Alternate Enterprise registration, an accreditation that may additional assist cross-border funds and FX companies in Korea.
“We’re excited by this important funding by Airwallex into the Korean market,” mentioned Make investments Seoul President and CEO Lee Jihyung. “We consider Airwallex’s entry will strengthen the monetary working surroundings for each Korean and world firms out there.”
Airwallex’s spending capabilities, for instance, enable companies to handle firm spending throughout multicurrency fee playing cards, expense administration, and invoice funds. The corporate’s multi-currency account facilitates the administration of worldwide banking, FX conversion, and worldwide transfers, whereas its funds choices enable companies to just accept on-line and in-store funds throughout the globe in additional than 160 fee strategies.
“This acquisition marks a pivotal milestone for Airwallex as we increase the worldwide attain of our monetary platform,” mentioned Airwallex Basic Supervisor of APAC, Arnold Chan. “Korea’s fast-growing ecommerce, inventive, and leisure sectors current immense alternatives for Korean companies on the worldwide stage. Our aim is to assist these companies with a extra environment friendly answer to increase past borders.”
Airwallex, which already operates throughout Japan, Hong Kong, Singapore, Malaysia, Indonesia and Vietnam, has been rising quickly within the APAC area. In 2025, the corporate reported an 85% year-over-year enhance in income and a 71% year-over-year enhance in transaction quantity. Globally, through the month of December 2025, Airwallex achieved $1.2 billion in income and recorded $266 billion in transaction quantity.
To fulfill this demand, Airwallex will enhance its workforce in Korea with plans so as to add 20 staff throughout a number of features by the top of this 12 months.
Based in 2015, Airwallex holds 80 licenses and permits that allow prospects to function in 200+ nations and areas and assist multi-currency checkout at scale. In 2025 alone, the corporate prolonged its regulated and native capabilities throughout 12 new markets, securing licenses and launching merchandise in France, the Netherlands, Israel, Canada, Korea, Japan, New Zealand, Malaysia, Vietnam, Brazil, Mexico, and the UAE.
Immediately’s funding comes about six weeks after Airwallex’s $330 million Sequence G fundraise, which valued the corporate at $8 billion. Airwallex’s growth into the Korean market is a direct results of that funding.
By securing fee, pay as you go, and overseas trade approvals in South Korea, Airwallex is positioning itself to serve Korean companies which are scaling internationally whereas avoiding the delays related to natural licensing. The transfer additionally strengthens Airwallex’s place in opposition to each regional fintechs and world incumbents vying to serve world companies.
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