Airwallex launches its treasury product Yield in the US as it reaches $1.42b in AUM
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The news: Airwallex has launched its treasury product, Yield, in the US as its global assets under management hits USD1 billion ($1.42 billion) for the product.
The context: Airwallex’s Yield launched in Australia in November 2023 and is also available in Europe, Hong Kong, Singapore and New Zealand. The product allows businesses that have idle capital to invest into a J.P. Morgan Asset Management money market fund.
The USD6.2 billion Australian payments startup has been under scrutiny since late 2025 when venture capitalist Keith Rabois accused the company of operating a Chinese backdoor for accessing sensitive US financial data. At the time, Capital Brief also previously reported that the Singapore-headquartered unicorn was unable to quarantine access to existing customer data from China.
When asked whether Airwallex expected any issues to arise from its US launch its head of ANZ James Teodorini said: “No, these allegations are inaccurate”.
“Airwallex operates under strict global data-residency and security frameworks,” he said.
While Airwallex has denied the allegations, earlier this year AUSTRAC appointed an external auditor to investigate whether the company was complying with its anti-money laundering and counter-terrorism financing (AML/CTF) obligations.
Airwallex has been ramping up its marketing with sponsorships spanning Arsenal Football Club, the San Francisco Giants, New Zealand Super Rugby Club, Essendon FC, and the All-in podcast between July 2025 to March 2026.
It has also been a McLaren’s Formula 1 sponsor since February 2024.
What they said: Airwallex head of ANZ James Teodorini said: “We’re expecting strong interest because this launch is fundamentally customer-led. US businesses have been clear they want a modern way to manage USD treasury that doesn’t force trade-offs between returns and liquidity”.
The source: Airwallex media release
