- Airwallex opens up access to an AAA-rated money market fund managed by J.P. Morgan Asset Management for U.S. customers
- No minimum lock-up periods with funds generally settling in <2 business hours
- Seamless integration with payments, FX, and spend management in one platform–cementing Airwallex’s position as a comprehensive global banking alternative
Airwallex, a leading global financial platform for modern businesses, today announced the U.S. launch of Yield, a treasury solution designed to help businesses optimize returns on idle cash. With Yield, customers can quickly and seamlessly move funds from their Airwallex cash balances into a AAA-rated money market fund managed by J.P. Morgan Asset Management, with the opportunity to earn returns that outperform traditional bank savings.
Since its initial debut in Australia just over two years ago, Yield has seen rapid global adoption, recently surpassing US$1 billion in global assets under administration. Usage data highlights the specific drivers behind this growth:
- SME Market Traction: This momentum is driven by small-to-medium enterprises with less than $10M in annual revenue, demonstrating that institutional-grade returns are a critical priority for the segment.
- Operational Simplicity: Customers are using Yield as a “set and forget” account, treating it with the ease of a traditional savings account to ensure their idle funds are consistently productive.
- Managing Global Volatility: The majority of these funds are held in USD, as companies increasingly seek to protect capital against local currency volatility and macro-economic uncertainty.
“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 Jack Zhang, co-founder and CEO of Airwallex. “With the launch of Yield in the U.S., we are closing the gap in the market for a unified platform. We are giving U.S. businesses a seamless way to operate across currencies, while ensuring their working capital is actively generating value, not sitting in an idle account.”
A Modern Approach to US Treasury Management
Airwallex Yield offers U.S. businesses a sophisticated alternative to traditional savings accounts, which often offer negligible returns. By providing seamless access to an AAA-rated money market fund managed by J.P. Morgan Asset Management, Airwallex enables finance teams to optimize their USD balances with the liquidity required for daily operations.
Key features of Airwallex Yield in the U.S. include:
- Competitive Daily Returns: Opportunity to earn returns on USD balances that outperform traditional bank savings.
- Daily Liquidity: No minimum lock-up periods, with funds generally settling back into cash balances within 2 business hours. For small businesses this agility is key, making it possible to switch cash balances into high-yield positions overnight, and switch them back to liquid cash just in time for payroll or vendor payments.
- Seamless Integration: Airwallex is collapsing the walls between treasury, accounts payable, and expense management. Customers can move funds between payments, payouts, corporate cards, and Yield accounts within a single dashboard. No external transfers, no logging in to multiple accounts—just one fluid ecosystem where customers’ money is always in the right place at the right time.
- Institutional Safety: Funds are invested in J.P. Morgan U.S. Government Money Market Fund.
The U.S. launch follows a successful beta period in early January. U.S. businesses can activate Airwallex Yield directly within their existing account. For more information or to sign up, visit airwallex.com.
