Fintech Unicorn Airwallex Signs Definitive Agreement to Acquire Mexico Payments Company MexPago
Company expands its U.S. presence with several senior leaders in San Francisco and reports more than 460% YOY revenue growth in Americas
SAN FRANCISCO–(BUSINESS WIRE)–
This acquisition will enable Airwallex to expand its financial infrastructure into Latin America and advance its mission to empower and support businesses to grow and operate across borders. It is an important part of Airwallex’s broader growth strategy in the Americas, where the company has seen more than 460% YOY revenue growth.
Luis Castillejos Ordaz, CEO of MexPago, said, “Airwallex’s ability to connect companies across borders is unparalleled. The combination of MexPago’s payments capabilities in Mexico and Airwallex’s global financial infrastructure will unlock exciting opportunities for companies in Mexico to operate globally, and for companies around the world to operate in Mexico. I look forward to working closely with Airwallex to obtain the necessary approvals and to ensure a smooth transition of ownership.”
Ravi Adusumilli, Executive General Manager, Americas at Airwallex, said, “This is a critical milestone for Airwallex. It marks our entry into Latin America and our commitment to building truly global and proprietary financial infrastructure. Our team’s ability to drive more than 460% revenue growth in the Americas region is a testament to the vast, unmet demand for end-to-end fintech solutions that allow organizations to operate at a global scale. With the acquisition of MexPago, we’re on a path to become the number one payments and financial platform for modern businesses to go global. We’re excited to welcome Luis and the MexPago team to the Airwallex family.”
About Airwallex
Airwallex is a leading global financial platform for modern businesses, offering trusted solutions to manage everything from payments, treasury, and spend management to embedded finance. With our proprietary infrastructure, Airwallex takes the friction out of global payments and financial operations, empowering businesses of all sizes to unlock new opportunities and grow beyond borders. Proudly founded in Melbourne, Airwallex supports over 100,000 businesses globally and is trusted by brands such as Brex, Rippling, Navan, Qantas, SHEIN and many more. For more information, visit http://www.airwallex.com.
About MexPago
MexPago is a regulated Fintech company that enables merchants to modernize the way to make and receive all types of payments on one integrated payment platform in Mexico. From receiving payments with major card networks like Visa, MasterCard, and American Express, to SPEI interbank transfers for online or physical stores, MexPago’s clients can receive payments for the sale of their products or services, and make payouts to suppliers and employees, all on a single platform.
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