Airwallex

Harry Stebbings

@HarryStebbings

I could do some bland fundraising congrats tweet for Airwallex and Jack Zhang today with their raising $320M at an $11BN valuation. But I am not going to. The reason I love doing 20VC is because I learn from the smartest minds in the world and they often become friends. @awxjack is a big brother to me, a dear friend, a permanent fixture at every birthday party of mine and a firm favourite of my mother. Jack, I am so proud of you and the team today. This is just the start. LFG. ❤️

Keith Rabois

@rabois

1/ Cool growth chart. Have you disclosed to US customers like @Rippling, @Billcom, @TheZipHyouQ, @brexHQ, and @Navan that you’re quietly sending their customers’ data to China? Airwallex has become a Chinese backdoor into sensitive American data like from AI labs and defense contractors. You must already know this, but your China-based ops, infra, and investors create legal obligations to assist with CCP espionage upon request. Through Airwallex, Beijing can access: •supplier payments for AI labs •payroll data for defense contractors •personal data for employees abroad Obviously many companies do business in China, and that’s not inherently a bad thing. But your company has become a guaranteed vector for data transfer to the Chinese government, and that’s a different thing entirely. You have multiple points of vulnerability: > people (key execs and core engineering team is based in mainland China, which obligates these individuals to comply with Chinese government demands to hand over data) > legal structure (company leaders are subject to Chinese national security law) > cap table (over 20% of your company is Chinese-owned, including Tencent, HongShan, and others, which further obligates you to comply with CCP requests). What’s happening: > You route global payments for US companies in critical sectors, without disclosing that you are under Chinese jurisdiction > You moved HQ to Singapore, but your largest operational footprint is in China and hundreds of your engineers in mainland China touch production payment systems > You are subject to Chinese law that requires Airwallex employees to support CCP intelligence requests and quietly hand over data when asked > You hide this from your customers, but you are well aware of your obligations to China and that is why you insist on protection of Chinese data access in your contracts Thanks to you, the Chinese government now has direct, covert, legally enforceable access to sensitive financial information belonging to America’s AI labs, defense contractors, financial institutions, healthcare firms, and Fortune 500s. Maybe this wasn’t your intent when you started the company, but it’s clear you’ve allowed this to happen.

Santiago

@svpino

Stripe wanted to buy this company, but the founder declined their $1.2 billion offer. Today, the global financial system is about to change because of what Airwallex has been doing. Now, they are a $1B ARR global fintech, and they're building what could be the first execution layer for autonomous finance. These AI agents can now do what used to take hours: • Pull receipts from emails, Slack, WhatsApp • Match them to transactions • Categorize automatically • Catch policy exceptions before they slip through The underlying infrastructure they are using is pretty impressive: • 95% of payments run on local rails, not SWIFT. This means same-day settlement, predictable fees, and no mystery charges. • You can hold 20+ currencies without forced conversion. The number of times people lose 3–6% because money bouncing around is painful. • You can even open an account in a new country in 60 seconds. No in-person visits. No paperwork nightmares. If Airwallex can pull this off and turn finance into an API surface for AI agents to operate on, then the financial system will change for the better. For starters, they are currently investing $1 billion in expanding in the US to take on Stripe. Check them out here: https://t.co/mIjQh0fuTJ Very exciting to see what happens! Thanks to the team for collaborating with me on this post.

Jeff Kauflin

@JeffKauflin

NEW: Airwallex found a niche helping global businesses with cross-border payments. Now its CEO Jack Zhang is a billionaire, and he wants to take on Stripe and Ramp: https://t.co/fZDHpudS7f

Dan Kim

@dankimxyz

I’m joining @Airwallex. Here’s why. TLDR: I'm joining Airwallex to connect programmable money and AI agents to the infrastructure that makes them work for global businesses. When I joined Coinbase five years ago, money was starting to become programmable in a way the traditional financial system was never designed for. Stablecoins were one way we worked on that problem: a dollar, in digital form, could move across blockchain rails, settle quickly, and show up inside a product instead of sitting behind a bank login, card form, or checkout page. With USDC, developers had a dollar they could actually build around, one that moved more like software than a bank transfer. Base, the Layer 2 blockchain, made more of those applications practical. And x402, an open standard I helped bring to the Linux Foundation, took the idea into the web itself: if software can request data, compute, or access to a service, payments should also be able to move in the same way. AI agents make this impossible to ignore. If software can discover what it needs, negotiate access, pay for an API call, buy data, or trigger work inside another product, the payment flow cannot depend on a human sitting in the middle of it. But removing the human from the payment flow does not remove the work a business has to do around the money: a company can receive a USDC payment instantly and still need to pay a supplier in pesos, reconcile revenue in its ERP, satisfy a regulator, or get money into an account its finance team already uses. Getting the money there is one problem; making it usable once it arrives is a different one. For agents to handle payments reliably, the business infrastructure around the payment has to already be in place. Airwallex has spent 10 years building the infrastructure global companies need for exactly this kind of problem: direct licenses across dozens of markets, local payment networks across 120+ countries, and FX infrastructure built to move money without the intermediaries that eat into it. Earning those licenses takes years and has to happen market by market, and FX only looks simple until a customer starts asking why margin disappeared between collection and settlement. These are requirements for pushing programmable money toward real commercial use. Airwallex went straight at all of them, and built something that lets businesses move money globally without rebuilding their banking setup every time they enter a new market. A lot of software companies, marketplaces, and AI teams are going to run into this earlier than they expect. A team starts with an agent that can initiate a payment and then discovers that the payment itself was the easy part; the harder questions are where the money lands, what currency it arrives in, who is allowed to move it, and whether the counterparty can actually receive it. That’s why I’m joining Airwallex. If you’re building AI agents, agentic commerce, or software for companies operating across markets, we should talk.

Sam Vinograd

@sam_vinograd

Personal update: I’m joining @airwallex as their first US head of corporate affairs. Ever since walking into the U.S. Treasury Department in 2007, I have spent my career - in government and out - driving policy that advances national security.

Jack Zhang

Co-founder & CEO

Software engineer who moved from Qingdao, China to Melbourne at 15; co-founded Airwallex in 2015 after cross-border payment costs frustrated a Melbourne coffee shop he backed. Now CEO and its largest founder-shareholder.

Rishin Shah

Senior Manager, Strategic Partnerships

Previously at Coinbase · New York, New York, United States

Joined Jun 2026

Nick Martinez

Associate Director, GTM Partnerships, ANZ

Previously at Employment Hero · Sydney, New South Wales, Australia

Joined May 2026

Berend Raadschilders

Director of GTM & Ecosystem Partnerships

Previously at Google · Amsterdam, North Holland, Netherlands

Joined May 2026

Sally Bruce

Non Executive Director Airwallex (SVF)

Previously at Skill Path Australia · Greater Melbourne Area

Joined May 2026