Jack Zhang, founder and CEO of payments start-up Airwallex, wrote: "In 2018, Stripe offered to buy us for $1.20 billion, when our revenue was only $2 million. Stripe gave a valuation of 600 times revenue, and based on the latest Stripe share price, I personally could have made more than $2 billion. But the team refused. Today, we have raised $330 million, valued at $8 billion, and reached $1 billion in annual recurring revenue (ARR)."
Airwallex reportedly raised $330 million in its latest funding round, valuing it at $8 billion. According to a statement released Monday, the valuation is about 30% higher than the previous funding round six months ago. The round was led by Addition, with participation from Activant, Lingotto and TIAA Ventures.
Airwallex Founder Reveals He Rejected $1.20 billion Offer From Stripe
2025-12-09 00:48:33
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
