Tencent-backed Airwallex achieves a $500M annual revenue run rate, targeting a 2026 IPO.

Tencent-backed payments firm Airwallex reaches a $500M annual revenue run rate, driven by growth in North America and Europe. CEO Jack Zhang targets an IPO by 2026. Airwallex's AI approach helps increase productivity and efficiency, with Zhang predicting AI could replace 70% of sales dev roles. The firm's recent profitability and $100B annual payment processing volumes make it a prominent fintech IPO candidate.

August 15, 2024
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