Airwallex Awards $1M to 10 Australian AI Startups for Global Expansion

What changed

Airwallex awarded $1 million in equity-free funding to 10 Australian AI startups through its Latitude 37 programme. The money is intended to support their global expansion.

Why it matters

The important word here is “equity-free.” These startups receive funding without giving Airwallex ownership in return, preserving more control as they try to grow beyond Australia.

It is also a concentrated bet: one programme, 10 companies, and a stated international ambition. The practical test will be what the funding enables next, from entering new markets to building the operations needed to support customers abroad. The individual recipients, allocations and expansion destinations have not been provided, so the programme’s real reach will depend on what those details eventually show.