Introduced to Canada in 2023, Airwallex is an international financial platform for businesses. It offers global money transfer services, multi-currency business accounts<\/a>, borderless spending cards (similar to debit cards), customer payment solutions and software for managing expenses and integrating with third-party apps like Amazon, QuickBooks and Shopify.<\/p> Airwallex is a legitimate company registered as a Money Service Business with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC registration number M19395067) and Revenu Quebec (license number 14460). It also holds money transmitter licenses in forty US states and is registered with both the UK Financial Conduct Authority (FCA) and Australian Securities and Investments Commission (ASIC).<\/p> Founded in 2015 in Melbourne, Australia and headquartered in Singapore, Airwallex has offices in 23 countries and has been valued at $5.6 billion USD. Its investors include well-known companies like Mastercard, Tencent and Salesforce.<\/p> The company follows extensive procedures<\/a> for safeguarding customers\u2019 funds and data, using both human and machine-driven tools to identify and deter unauthorized activity. Customer deposits held in a Canadian bank account and are never used for business operations.<\/p>Is Airwallex legitimate?<\/h3>
What we like about Airwallex international money transfers<\/h3>
What to watch out for<\/h3>
Alternatives to Airwallex transfers<\/h3>