Founder, Airwallex
Stories naming Max Li. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Airwallex co-founder Jack Zhang recounts turning down Stripe's billion-dollar buyout, describes building a licensed global payments network, and argues the Melbourne fintech can now challenge Stripe directly.
Airwallex adds ex-Optus chief Kelly Bayer Rosmarin and four other directors to its subsidiary's board while it pursues an Australian banking licence; the article also recaps the fintech's US$300 million Series F.
Airwallex has wrapped a $465 million Series F at a $9.6 billion valuation; Blackbird joins for the first time and half the round is a secondary sale for early backers.
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Airwallex has secured a $100 million Series E-2 extension at an unchanged $5.5 billion valuation, joined by existing backers plus HostPlus, to fund growth, new products and acquisitions.
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Square Peg looks back on putting US$6 million into Airwallex's Series A+ alongside Tencent, Sequoia China, Gobi Partners and MasterCard, explaining why cross-border payment infrastructure needs fixing.