Airwallex plans to grow Singapore workforce to over 1,000 employees over next five years

The focus will be on product development, engineering, and AI capabilities.

Global financial platform Airwallex plans to invest more than S$2bn in Singapore over the next five years, with plans to increase its local workforce to more than 1,000 employees.

The investment will support the company's expansion in product innovation, technology development and regional and global operations, with a focus on building specialised capabilities in product development, engineering and artificial intelligence (AI).

The announcement was made alongside the official opening of Airwallex's expanded office at Guoco Tower in Singapore. The company has identified Singapore as one of its two global co-headquarters, alongside San Francisco.

Arnold Chan, General Manager for Asia-Pacific at Airwallex, said: "Singapore is central to our global ambitions. Its talent, innovation ecosystem and connectivity make it a natural home for one of our global co-headquarters, and a key base for driving our next phase of growth."

Airwallex currently employs more than 750 people in Singapore across commercial, corporate, product, and engineering functions. Looking ahead,, the company intends to deepen its local expertise in product development, engineering, and AI, noting that this would create opportunities for local talent to contribute to its global operations and innovation activities.

Herman Loh, Senior Vice-President and Co-Head of Digital Industry Singapore at the Economic Development Board (EDB), said the investment would strengthen the company's local presence and anchor more product and AI capabilities in Singapore.

With the addition of its latest office space on level 35 and another floor scheduled to be occupied in early 2027, the company's Singapore office footprint will exceed 80,000 sq ft across four floors.

Airwallex established its global headquarters in Singapore in 2023 and has since expanded its local operations to support its international business.

Lead image: Alvin Tan, Minister of State, Ministry of Foreign Affairs and Ministry of National Development's Facebook