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Jack Zhang, co-founder of fintech company Airwallex, declined a $1.2 billion acquisition offer from Stripe seven years ago. Since then, Airwallex's valuation has grown to $6.2 billion, and Zhang's personal stake in the company is now worth $775 million. The company is planning an initial public offering in 2026. Separately, Scale, founded by Wang who dropped out of MIT at age 19, was valued at nearly $14 billion last year.
A profile of Airwallex co-founder Jack Zhang, who turned down Stripe's $1.2B offer seven years ago; the fintech is now valued at $6.2B and plans an IPO in 2026 (@emilymason00 / Bloomberg) https://t.co/3YIOWeqx4c https://t.co/sZsyaMdYQA https://t.co/ZOzeer2dpR
Seven years ago, Airwallex co-founder Jack Zhang walked away from what looked like the deal of a lifetime. Stripe was offering to buy his firm for $1.2 billion. But he didn't accept. https://t.co/fSIoY13hnE
From washing dishes at 16 to building a $775m stake in Airwallex, Jack Zhang’s story isn’t your typical tech tale. Discover how a rejected Stripe deal led to one of fintech’s boldest bets yet. https://t.co/fSIoY13hnE