Airwallex Eyes $1 Billion Revenue Milestone Within Three Years as CEO Jack Zhang Plans IPO by 2026
Airwallex, a fintech payments startup based in Singapore, has reached an annual revenue run rate of $500 million after seeing significant growth in its North American and European businesses. Airwallex's CEO and co-founder, Jack Zhang, aims to prepare the company for an initial public offering by 2026. Zhang believes reaching $1 billion in annual revenue is the next big milestone, which he hopes to achieve within three years. Airwallex processes over $100 billion in annual payments, up 73% from the previous year. Zhang expects this to double to $200 billion within a year.
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00:00It's Benzinga, and here's what's on the block.
00:03Airwallex, a fintech payments startup based in Singapore, has reached an annual revenue
00:07run rate of $500 million after seeing significant growth in its North American and European
00:12businesses.
00:13Airwallex's CEO and co-founder, Jack Zhang, aims to prepare the company for an initial
00:17public offering by 2026.
00:20Zhang believes reaching $1 billion in annual revenue is the next big milestone, which he
00:24hopes to achieve within three years.
00:27Airwallex processes over $100 billion in annual payments, up 73 percent from the previous
00:31year.
00:32Zhang expects this could double to $200 billion within a year.
00:36For all things money, visit Benzinga.com.