Airwallex plans to invest more than S$2 billion in Singapore over the next five years, the company has announced, as it expands its local headcount from more than 750 to over 1,000 staff.
The investment will go towards building up the firm’s product, engineering and artificial intelligence capabilities, as well as its regional and global operations, according to the announcement made on 12 November. Airwallex said it will work with the Singapore Economic Development Board (EDB) on the plan.
Bigger office at Guoco Tower
The commitment was unveiled alongside the opening of the company’s enlarged office at Guoco Tower in Tanjong Pagar. Airwallex has taken additional space on level 35 and plans to move into another floor in early 2027.
Once that is done, the Singapore office will span more than 80,000 sq ft over four floors.
Singapore is one of Airwallex’s two global co-headquarters, together with San Francisco. The company set up its global headquarters in Singapore in 2023.
Local business growing
Airwallex said its revenue in Singapore rose 90 per cent year on year in the first half of 2026, with transaction volume growing at the same pace.
Local customers named by the company include Circles, Far East Flora, Stryv and Moom Health.
“Singapore is central to our global ambitions,” said Arnold Chan, Airwallex’s general manager for Asia-Pacific.
Herman Loh, senior vice-president and co-head of Digital Industry Singapore at EDB, said the investment underlines Singapore’s standing as a key hub for fintech innovation.
What’s next
Airwallex said future hiring in Singapore will focus on product development, engineering and AI roles. The additional office floor is due to be occupied in early 2027.
