Airwallex, the multi-currency accounts and payments provider, has expanded its footprint to New Zealand, with plans to tailor its products to the needs of local businesses and offer enhanced support to startups.
As Airwallex enters New Zealand for the first time, it is not shy about its ambitions for the region. In fact, the fintech has already appointed its first local employee, Lowry Gladwell as its new associate director of New Zealand, to lead its expansion plans — with plans to grow its New Zealand team to 10 employees by the end of 2025.
“With New Zealand businesses increasingly looking for agile, cost-effective financial solutions, Airwallex is here to challenge the status quo,” said Gladwell. “Our entry into this market represents more than just expansion — it’s about providing Kiwi businesses with the tools they need to grow globally without the friction and high costs of traditional banking.”
Airwallex is also rolling out several new product offerings tailored to the needs of New Zealand businesses. The company is bolstering its existing corporate card offering with a physical card version to complement the current virtual option. It says these solutions will empower Kiwi companies to manage expenses more efficiently, reducing high transaction fees and improving financial control. In addition, online payments will sit alongside existing FX, global accounts and company and employee cards.
“Managing business spending shouldn’t be a hassle,” added Matt Sek, VP SME and growth, ANZ at Airwallex. “Our new corporate card solution makes it easier for teams to handle expenses while ensuring greater transparency and efficiency, while payment acceptance allows businesses to accept payments from customers around the globe with fast, flexible settlements and a seamless checkout experience. This is just the beginning of our commitment to providing smarter, more intuitive financial tools for New Zealand businesses.”
Disrupting the status quo
New Zealand’s business environment, while dynamic, has long suffered from high fees and sluggish international transactions. Airwallex hopes to disrupt the market by offering lower costs, competitive FX rates, and faster payments — critical advantages for businesses operating globally, particularly in New Zealand’s high-growth SaaS and export sectors.
With the country’s economic recovery underway following a challenging period, Airwallex’s presence comes at a crucial time. The company’s solutions will provide much-needed financial agility for businesses looking to scale, particularly as New Zealand strives to double its export growth over the next decade.
Airwallex has already demonstrated strong support for startups in New Zealand, with significant sign-ups under its Airwallex for Startups initiative. By offering streamlined international payments, global accounts, and competitive FX rates, Airwallex is positioning itself as a vital partner for the country’s burgeoning startup ecosystem.
“We see huge potential in New Zealand’s startup space,” added Gladwell. “We want to support the next wave of ‘soonicorns’ by providing them with the financial infrastructure needed to scale globally.”
Future plans
Airwallex’s entry into New Zealand marks a long-term investment in the country’s business landscape. As the company continues to grow its local team and expand its offerings, it remains committed to helping Kiwi businesses navigate the evolving financial landscape with confidence.
“Our goal is simple,” concluded Gladwell. “We’re here to provide New Zealand businesses with better experiences, lower fees, and faster payments in a market that’s crying out for competition. We’re excited for what’s ahead.”
