Airwallex plans to be IPO-ready by end of 2026, says president

Airwallex, the Melbourne-born payments platform now valued at $11 billion, says it still intends to be IPO-ready by the end of 2026. But “ready” and “doing it” are two very different things. In a recent interview with Fortune, Airwallex president and co-founder Lucy Liu confirmed the company’s timeline for preparation while acknowledging that actually pulling the trigger on a listing is another matter entirely. “It’s just not the best time, given how complicated things are,” Liu said. A fintech giant quietly flexing its numbers Airwallex reported a $1.3 billion annualized revenue run rate as of March 2026, representing 74% year-over-year growth. Its annualized transaction volume hit $287 billion, more than doubling from the prior year with growth exceeding 120%. The company serves over 675,000 businesses globally. Airwallex says it is both cash-flow positive and EBITDA positive with healthy gross margins. Those metrics got a fresh stamp of approval in June 2026, when Airwallex closed a $320 million Series H round that bumped its valuation to $11 billion. That’s a 37.5% jump from the $8 billion price tag it carried in December 2025. The company has now raised more than $1.8 billion ...