rewrite this title Airwallex Launches Yield in the US – Finovate

Airwallex launched its Yield treasury product for US businesses that allows customers to move idle balances into money market funds to generate higher returns.

First introduced in Australia in 2023, Yield has expanded to multiple regions and has now surpassed $1 billion in assets under administration.

By embedding treasury yield directly into its financial platform, Airwallex is competing with fintech treasury tools from companies like Stripe, Brex, and Wise that help businesses earn returns on operational cash.

Business financial management tool Airwallex unveiled that it is bringing its treasury management tool called Yield to the US after testing the product in the region in early January.

Originally debuted in Australia in 2023, Yield gives customers an alternative to traditional savings accounts, which notoriously offer a low APR. The product allows customers to move funds from their Airwallex cash balances into a money market fund that yields a higher return than funds held in traditional savings accounts.

Unlike traditional interest-bearing accounts, Yield functions more like a treasury management tool that allows businesses to sweep idle balances into money market funds while maintaining operational liquidity within the same platform.

The product was initially available to wholesale customers, then expanded to all Australian businesses after Airwallex obtained an Australian Financial Services License in July 2024. Since then, Airwallex expanded Yield to Hong Kong, Singapore, New Zealand, and to businesses registered in the European Economic Area (EEA), surpassing $1 billion in assets under administration.

“Topping $1 billion is a testament to the demand for a new kind of banking experience–one that is global, digital-first, and institutional-grade,” said Airwallex Co-founder and CEO Jack Zhang. “With the launch of Yield in the US, we are closing the gap in the market for a unified platform. We are giving US businesses a seamless way to operate across currencies, while ensuring their working capital is actively generating value, not sitting in an idle account.”

Funds held in Yield are invested through a J.P. Morgan US Government Money Market Fund, which helps customers put their idle balances to work. The offering gives businesses access to yields comparable to those available in institutional money market funds.

In addition to offering higher yields, Airwallex allows small businesses to shift their cash balances in and out of high-yield accounts overnight, with no minimum lock-up periods. This helps customers maximize their return on idle cash while retaining the ability to shift funds to meet financial obligations like payroll. Additionally, Airwallex brings a business’ money movement to a single dashboard, allowing customers to move funds between payments, payouts, corporate cards, and Yield accounts.

Airwallex’s Yield helps the company compete with fintech treasury platforms such as Stripe, Brex, and Wise, which have introduced similar products designed to help businesses earn returns on idle operating cash. As interest rates have risen over the past several years, traditional banks have also become competitors as banks turn operational accounts into yield-generating treasury tools.

Founded in 2015, Airwallex holds 80 licenses and permits that enable customers to operate in 200+ countries and regions and support multi-currency checkout at scale. In 2025 alone, the company extended its regulated and local capabilities across 12 new markets, securing licenses and launching products in France, the Netherlands, Israel, Canada, Korea, Japan, New Zealand, Malaysia, Vietnam, Brazil, Mexico, and the UAE.

In January, Airwallex acquired Paynuri, an entity that holds payment gateway and prepaid electronic payment instrument licenses, in order to expand into South Korea.  

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