Sequoia refused to invest in Airwallex until Tencent committed
Jack Zhang · Airwallex CEO & Co-Founder, Jack Zhang: The Angel That Turned $1M into $1BN · 20VC with Harry Stebbings · May 26, 2025 · at 44:46
Jack Zhang is the co-founder and CEO of Airwallex. He recounts early fundraising hurdles when Sequoia Capital conditioned its investment on Tencent's decision.
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“The deal was stored and Sequoia was not willing to invest until Tencent kind of make a decision and are basically running out of money.”
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