UK-based fintech firm Dext has announced a strategic partnership with Australian payments giant Airwallex, paving the way for the launch of a new integrated offering—Dext Payments—that promises to transform how Canadian small businesses manage money.
Set to roll out later this year, Dext Payments will be embedded directly into Dext’s intelligent accounting platform, offering full automation from invoice upload to final payment. The solution is designed to streamline accounts payable, simplify payroll, and enable quicker customer payments—all from a single interface.
With nearly 2,000 accounting and bookkeeping partners and 9,000 small business customers across Canada, Dext’s local footprint means the impact of this partnership will be widely felt. Canadian users will soon have access to a comprehensive, centralized platform for managing supplier payments, expense reporting, and financial workflows with greater ease and security.
“By combining automation, security and control, Dext Payments gives small businesses and their advisors clarity and confidence over how money moves,” the company said in a statement.
The partnership integrates Airwallex’s embedded finance infrastructure into Dext’s platform, enabling powerful new features like real-time fraud detection, multi-currency wallet management, and local bank details for payment collection in 12 countries. Users will also benefit from market-leading FX rates—a valuable tool for Canadian businesses dealing in cross-border transactions.
Dext Payments will allow bookkeepers and accountants to extend their client services by facilitating direct payments and simplifying reconciliation. With access to client wallet balances, professionals can review, approve, and process payments more efficiently while reducing manual work.
“Today’s small businesses face increasingly complex operations and a volatile economy,” said the companies. “Dext Payments addresses these challenges by improving cash flow and helping ensure suppliers and employees are paid correctly and on time.”
Founded in Melbourne in 2015, Airwallex has quickly risen to global prominence. The company recently closed a $300 million Series F funding round at a $6.2 billion valuation and has reached $800 million in annual recurring revenue. It currently employs 1,800 staff across 25 offices worldwide.
For Canadian SMBs navigating tighter margins and rising operational complexity, this partnership marks a promising step toward financial simplification—putting more control, visibility, and efficiency directly into the hands of business owners and their advisors.
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