Airwallex Founder Jack Zhang Becomes Billionaire as Cross-Border Payments Startup Hits $11 Billion Valuation
Jack Zhang, founder and CEO of Australian fintech startup Airwallex, has become a billionaire after building a cross-border payments platform valued at $11 billion. Launched in 2015, Airwallex has expanded beyond payments to offer global bank accounts, corporate cards, bill payments, and bookkeeping, serving 300,000 customers across 47 countries. Zhang owns 12% of the company, worth $1.3 billion. The article also notes allegations of sharing customer data with China as context.
Key quotes
It took Jack Zhang 10 startups to figure out what he truly wanted to do.
His most recent one, Airwallex, turned him into a billionaire.
The cofounder and CEO owns 12% of the company, a stake now worth $1.3 billion.
From the article
You might also wanna read
Elon Musk becomes world's first trillionaire after SpaceX IPO
Elon Musk has become the world's first trillionaire after SpaceX's IPO (ticker: SPCX) pushed his net worth past the trillion-dollar mark. Hi
The Verge·26d ago
Elon Musk becomes world's first trillionaire after SpaceX's record $1.77 trillion IPO
Elon Musk has become the world's first trillionaire following SpaceX's record-breaking IPO, which valued the company at $1.77 trillion — the
Rolling Stone·26d ago
Elon Musk Set to Become World's First Trillionaire After SpaceX IPO Surpasses Expectations
Elon Musk is on track to become the world's first trillionaire following SpaceX's IPO on Wall Street, which opened with a higher-than-antici
Rolling Stone·26d ago
Elon Musk Becomes First Trillionaire After SpaceX's Record-Breaking IPO
Elon Musk became the world's first trillionaire after SpaceX went public in the largest IPO ever, priced at $135 per share. The stock opened
Deadline·26d ago
Comments
Sign in to join the conversation.
No comments yet. Be the first.