Airwallex Acquires Financial Data Automation Platform Leapfin | LeapRate | Online Trading Industry News, Broker Intelligence & Fintech Analysis
Financial platform Airwallex revealed Thursday that it has acquired Leapfin, a financial data automation platform specialising in revenue recognition and reconciliation.
Airwallex expects the deal to extend its capabilities across the full financial lifecycle.
The acquisition is said to enable Airwallex to offer businesses a smoother path from operational transaction data to GAAP-ready financials. It will combine Leapfin’s revenue accounting expertise with Airwallex’s global payments infrastructure.
The two companies plan to launch new product capabilities in the coming months and build on Leapfin’s technology to simplify reconciliation, revenue recognition, and broader record-to-report processes.
Jack Zhang, chief executive and co-founder of Airwallex, stated: “Leapfin has solved a notoriously difficult engineering problem by turning messy transactional data into an auditable, single source of truth. Bringing Leapfin’s powerful data engine and accounting AI agents into the Airwallex ecosystem allows us to close the loop on the entire financial lifecycle, from accepting payments to closing the books.”
Airwallex processes more than $266 billion in annual transaction volume and serves over 250,000 customers globally. The firm said the addition of Leapfin would allow high-growth businesses on its platform to accelerate reconciliation, eliminate manual spreadsheets, and automate revenue recognition at scale.
Ray Lau, chief executive and co-founder of Leapfin, said joining Airwallex would provide the “backing of a global platform to accelerate our roadmap, scale our engineering resources, and deliver even greater value to the customers who trust us with their critical financial workflows.”
Leapfin’s core product, leadership, and engineering teams will continue operating under the Airwallex umbrella, with continuity assured for existing customers. Financial terms of the acquisition were not disclosed.
