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jack zhang

T2 · manager / operator

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+.

5 calls·5 names·40% bull·last heard last month·Kleiner Perkins
track record

no scored calls yet — needs a stated position or a categorical verdict, with a matured window vs SPY

top calls

highest conviction · one per company
1sthigh conviction
$AIRWALLEXAirwallexposition

Airwallex building vertically integrated global financial infrastructure to replace Swift

Airwallex is constructing a fully vertically integrated financial and regulatory infrastructure layer across 60+ markets with generic finance on top, enabling autonomous finance where AI agents execute payments and reconcile cash without manual work — replacing the fragmented Swift correspondent banking system.

Kleiner Perkins2026-06→
2ndmedium conviction
$SOFTBANKSoftBank Group

SoftBank withdrew term sheet after WeWork collapse, nearly sinking Airwallex during COVID

SoftBank was close to signing a term sheet with Airwallex pre-COVID but disappeared after the WeWork implosion, forcing Airwallex into a desperate convertible round and highlighting the unreliability of large fund commitments in market crises.

Kleiner Perkins2026-06→
3rdmedium conviction
$MAMasterCard

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 promises even after taking equity stakes.

Kleiner Perkins2026-06→

most discussed · click a bar to filter

recurring themes

5 total
$SOFTBANK
SoftBank Group
MEDjack zhang·Kleiner Perkins·last month
SoftBank withdrew term sheet after WeWork collapse, nearly sinking Airwallex during COVID
SoftBank was close to signing a term sheet with Airwallex pre-COVID but disappeared after the WeWork implosion, forcing Airwallex into a desperate convertible round and highlighting the unreliability of large fund commitments in market crises.
"we almost got run out of money during COVID and you know, we we were very close to getting a term sheet from SoftBank uh before COVID happened and then the WeWork stuff flowed up.…"
61:30
$MA
···
MasterCard
MEDjack zhang·Kleiner Perkins·last month
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 promises even after taking equity stakes.
"MasterCard promised like a billion dollar but end up delivered almost nothing and that's a different story but uh, but you know, we had some very large customers that took off uh,…"
44:43
$SEQUOIA
Sequoia Capital
MEDjack zhang·Kleiner Perkins·last month
Sequoia brand and network enabled Airwallex to recruit talent and pivot to API-first model
Sequoia's brand credibility and network helped Airwallex attract better talent and provided the capital runway to pivot from SMB invoicing to an API-first business model, which became the successful trajectory.
"when we when we try to pivot when we you know, try to pivot to the to the API idea we already raised from you know, Sequoia and and MasterCard and a few other famous VCs. Um, and…"
45:23
$AIRWALLEX
Airwallex
HIGHjack zhang·Kleiner Perkins·last month· position
Airwallex building vertically integrated global financial infrastructure to replace Swift
Airwallex is constructing a fully vertically integrated financial and regulatory infrastructure layer across 60+ markets with generic finance on top, enabling autonomous finance where AI agents execute payments and reconcile cash without manual work — replacing the fragmented Swift correspondent banking system.
"Airwallex is a a global financial and payments platform to empower uh modern businesses to operating and grow globally. Uh think of this like the easiest way to think about it is…"
13:59
$STRIPE
Stripe
MEDjack zhang·Kleiner Perkins·last month
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 lacks — making the competitive dynamic a difficult but fascinating challenge.
"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 r…"
36:15