Airwallex Acquires Majority Stake in PT Skye Sab Indonesia to Expand Global Financial Infrastructure
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 12 2025
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Source: Businesswire
- Market Expansion: Airwallex's acquisition of a majority stake in PT Skye Sab Indonesia enables Indonesian merchants to leverage its global financial infrastructure for international expansion and improved financial management, further solidifying its position in the Asia-Pacific market.
- Funding Support: This acquisition follows Airwallex's successful $330 million Series G fundraising, achieving an $8 billion valuation, which represents a 30% increase from six months ago, providing robust financial backing for its continued growth in Indonesia and globally.
- Technological Innovation: Airwallex plans to roll out specialized AI agents to enhance the speed, accuracy, and efficiency of cross-border operations, leveraging its scalable financial infrastructure to advance
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About AWX
Avalon Holdings Corporation is engaged in waste management services and golf and related operations. The Company’s waste management services segment includes waste disposal brokerage and management services, captive landfill management operations and saltwater injection well operations. The waste management services are provided to industrial, commercial, municipal and governmental customers primarily in selected northeastern and midwestern United States markets. Its golf and related operations segment include the operation and management of four golf courses and related clubhouses, a hotel, fitness centers, tennis courts, salon and spa services, a dermatology center, dining, banquet and conference facilities. It operates four golf courses and related country clubs and a multipurpose recreation center. The Company's subsidiaries include American Landfill Management, Inc., American Construction Supply, Inc., American Waste Management Services, Inc., Avalon Med Spa, LLC, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Airwallex Acquires Majority Stake in PT Skye Sab Indonesia to Expand Global Financial Infrastructure
- Market Expansion: Airwallex's acquisition of a majority stake in PT Skye Sab Indonesia enables Indonesian merchants to leverage its global financial infrastructure for international expansion and improved financial management, further solidifying its position in the Asia-Pacific market.
- Funding Support: This acquisition follows Airwallex's successful $330 million Series G fundraising, achieving an $8 billion valuation, which represents a 30% increase from six months ago, providing robust financial backing for its continued growth in Indonesia and globally.
- Technological Innovation: Airwallex plans to roll out specialized AI agents to enhance the speed, accuracy, and efficiency of cross-border operations, leveraging its scalable financial infrastructure to advance
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Airwallex Raises $330 Million in Series G Funding, Valued at $8 Billion
- Successful Funding: Airwallex raised $330 million in its Series G funding round, achieving a valuation of $8 billion, reflecting a ~30% increase since its Series F round six months ago, indicating strong investor confidence in its growth potential.
- U.S. Market Expansion: The company plans to invest over $1 billion from 2026 to 2029 to scale its U.S. operations and aims to double its U.S. headcount to over 400 employees within the next 12 months, enhancing its competitive edge in the global financial market.
- AI Team Development: Airwallex is building a specialized team of AI agents to automate financial workflows, which is expected to significantly improve operational efficiency and reduce manual intervention, thereby solidifying the company's leadership in intelligent finance.
- Global Headquarters Establishment: The company has established a second global headquarters in San Francisco to centralize its core product, engineering, and market teams at the epicenter of global AI innovation, further strengthening its strategic positioning in the U.S. market.
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