20VC: The Most Insane Story in Startups: Airwallex: The Angel That Turned $1M into $1BN | The Fund That Pulled a Term Sheet & Lost $1BN | Rejecting Stripe's $1.2BN Offer | Scaling to $1BN in Revenue & 100% YoY Growth for 8 Years with Jack Zhang
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I don't know what is financial discipline. So I don't have a budget. I'm just like higher as fast as possible, blow the door out. And I I and then I realized at one point that we're running out of money. Every month I'm raising money, basically.
So we went from zero to a billion dollar transaction volume within like nine months. So we basically never grow below 100% from 2015 to 2023. We went to like $500 million AR in August last year, then hit like 600 in November and 700 in sort of January in Fab. Airwalls is the most insane story in startups of the last decade. I went for a walk in the park with their founder Jack Zhang a month ago and I literally couldn't believe it.
It was insane hearing so many different parts from the angel investor that turned 1 million into what will be a billion dollar gain to the renowned global VC firm that pulled a term sheet and lost what will be a billion dollar gain to the company failing on their first three. products to turning down a $1.2 billion acquisition offer from Stripe when they had just 2 million in revenue to hitting a billion in revenue by the end of this year and they've grown 100% every single year for the last eight years. This is one of the great startup stories of our time. And I'm so thrilled to welcome Jack Zhang, co-founder and CEO of Airwallocks, one of the world's fastest growing global payments and financial infrastructure companies. But before we dive into the show today, I love seeing the team come together to make this show happen.
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