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▶ 36:15 · $STRIPE · Stripe dominates startup payments but Airwallex sees path to compete via global money movement
episode briefing
Kleiner Perkins

Airwallex's Jack Zhang on Fintech, Failure, and Growth

2026-06-29 · 5 company · 5 thematic
sentiment
2 bull2 bear1 neu
speakers
jack zhang

Jack Zhang co-founded Airwallex in 2015 after a journey from China to Australia where he worked multiple jobs while studying. He previously started a magazine at 14, worked in investment banking algorithmic trading, and launched several businesses including architecture, real estate, coffee shops, and a burger chain. Airwallex now has 2,200 employees across 26 offices, $1.2-1.3B revenue growing 85%, valued at $11B+.

quote
“I feel like Stripe now is like a default for payments for startups in Silicon Valley. >> Right. >> And um you know, I you know, I mean, that's a great position to be in, but I'd rather be in the position I am, and I'm like, okay, I need to…”
—jack zhang

episode shorts · 3

How Airwallex Won Over Macquarie

The $1M Investment That Turned Into $500M

How Airwallex Was Born

now playing · $STRIPE
$AIRWALLEXbullish· high· posjack zhang
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$STRIPEneutral· mediumjack zhang
Stripe dominates startup payments but Airwallex sees path to compete via global money movement
Stripe is the default payments provider for Silicon Valley startups, but Airwallex aims to compete by leveraging its global money movement infrastructure — a capability Stripe lac…
$MA···bearish· mediumjack zhang
MasterCard promised $1B volume to Airwallex but delivered almost nothing
MasterCard invested in Airwallex and committed to driving $1B in transaction volume but failed to deliver, illustrating that large strategic investors may not fulfill commercial p…
$SEQUOIAbullish· mediumjack zhang
Sequoia brand and network enabled Airwallex to recruit talent and pivot to API-first model
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$SOFTBANKbearish· mediumjack zhang
SoftBank withdrew term sheet after WeWork collapse, nearly sinking Airwallex during COVID
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