Airwallex founder reveals having rejected a $1.2 billion acquisition offer from Stripe
ChainCatcher news, Airwallex founder and CEO Jack Zhang stated in a post, "In 2018, Stripe offered to acquire us for $1.2 billion, when our revenue was only $2 million. Stripe's valuation was 600 times our revenue, and based on Stripe's latest share price, I personally could have made over $2 billion. But the team refused. Now, we have raised $330 million, our valuation has reached $8 billion, and our annual recurring revenue (ARR) is $1 billion."
Previous reports indicated that Airwallex raised $330 million in its latest funding round, with a valuation reaching $8 billion. According to a statement released on Monday, this valuation is about 30% higher than the previous round six months ago. The round was led by Addition, with participation from institutions such as Activant, Lingotto, and TIAA Ventures.
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