💸Stripe's $1.2B Airwallex Bid Falls Through, Now Worth 600x More
Your cross-border payments just got a whole lot cheaper
TL;DR
Airwallex now processes $300B in transactions, up from $2M in annualized revenue when Stripe offered $1.2B
Airwallex just crushed it. When Stripe wanted to buy the cross-border payments company for $1.2 billion last year, Airwallex had a paltry $2 million in annualized revenue. Now? They're raking it in – over $1.3 billion annually, with a growth rate of 85% YoY. And get this: they process approaching $300 billion in transactions. That's more than Stripe's bid was worth. The real story here is that Airwallex has been working tirelessly to secure financial licenses across the globe. They now hold close to 90 licenses in 50 markets, while Stripe lags behind with roughly half that number.
Key Points
Airwallex processes approaching $300 billion in annualized transactions
The company has grown to over $1.3 billion in annualized revenue, up from $2 million when Stripe offered $1.2B
Airwallex holds close to 90 financial licenses across 50 markets
Why It Matters
If you're building cross-border payments infrastructure or working with companies that do, take note: Airwallex is now a major player in the space.
Frequently Asked Questions
Why does this matter?
If you're building cross-border payments infrastructure or working with companies that do, take note: Airwallex is now a major player in the space.
What happened?
Airwallex now processes $300B in transactions, up from $2M in annualized revenue when Stripe offered $1.2B
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