Airwallex, a leading global payments and financial platform for modern businesses, is set to end 2024 on a high thanks to significant growth across its Europe, Middle East and Africa (EMEA) business. The EMEA unit saw revenue growth of 271 percent in Q3 2024, compared to Q3 2023, and 145 percent increase in transaction volume.

The company has also significantly expanded its footprint across the region, with the formal opening of a new office in the ninth arrondissement of Paris, France, and its first hires in Abu Dhabi and Dubai in the United Arab Emirates. Airwallex has also expanded headcount in its Tel Aviv and Vilnius offices, and made two senior Executive Director appointments - in London and Amsterdam - which brings the total employee count in EMEA to over 150, representing over 38 nationalities.

The region’s growth is part of a broader story of growth for Airwallex, which has surpassed $100 billion in annual processing volume, up 60 percent year-on-year. Airwallex has seen growing volumes across all products, including payments, FX, payouts, and issuing, and an annual run rate revenue of over $500 million.

Simon Ellis, Head of Operations at Airwallex EMEA, said “Airwallex is in growth mode. We are investing in local strength across the EMEA region in order to fuel our ambition to drive success for our 100,000+ customers across the world."

Alongside the pace of growth, the business has seen success in non-commercial areas too. In recent weeks Airwallex has been recognised as one of the top companies in the UK by Best Companies, and was ranked as one of the top 15 best companies in the fintech sector.

Airwallex was also shortlisted for two categories in the Business Culture Awards, where it was recognised for setting up a "great foundational program to positively impact the organisation's growth and super investment in talent development, setting the business up for future success."

Earlier this month Airwallex also announced the launch of Airwallex Impact, a robust global social impact program, underpinned by a 1% equity commitment for philanthropic giving - currently valued at $56 million USD. It will be bolstered by a commitment to donate 1% of employee time, profits and products to support the innovation community.