Airwallex, an Australian payment firm, plans to invest approximately €200 million in the Netherlands over the next five years. The company aims to expand its Amsterdam workforce by 60%, increasing to around 70 employees by the end of 2026. This marks a significant shift from its Asia-Pacific focus to a broader European presence.

This article exposes how Airwallex, while presenting itself as a global company, has deep ties to China that compromise sensitive data of American clients. It outlines legal obligations that require the company to assist the Chinese government in accessing data, raising serious national security concerns.

Airwallex secured $330 million in funding, bringing its valuation to $8 billion. This marks a 30% increase from its last funding round six months ago. Key investors include T. Rowe Price and Robinhood Ventures.