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Airwallex Founder Reveals Rejection of $1.2 Billion Acquisition Offer from Stripe
Summary: Airwallex founder and CEO Jack Zhang revealed that in 2018, Stripe offered to acquire the company for $1.2 billion when their revenue was only $2 million. The valuation given by Stripe was 600 times the revenue, which could have potentially earned Zhang over $2 billion based on the latest Stripe stock price. However, the team ...
Airwallex founder and CEO Jack Zhang revealed that in 2018, Stripe offered to acquire the company for $1.2 billion when their revenue was only $2 million. The valuation given by Stripe was 600 times the revenue, which could have potentially earned Zhang over $2 billion based on the latest Stripe stock price. However, the team rejected the offer. Currently, Airwallex has raised $330 million, with a valuation of $8 billion and an Annual Recurring Revenue (ARR) of $1 billion. In the latest funding round, Airwallex raised $330 million, reaching a valuation of $8 billion. According to a statement released on Monday, this valuation represents a 30% increase from the previous funding round six months ago. Addition led this round of funding, with participation from Activant, Lingotto, TIAA Ventures, and other institutions.
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Link: Airwallex Founder Reveals Rejection of $1.2 Billion Acquisition Offer from Stripe [Copy]
