Jack Zhang is the co-founder and CEO of Airwallex. He describes raising their Series B round in 2018 after rapid growth in transaction volume despite having little revenue.
“Tencent and Sequoia said, we want to lead another round. So they basically lead a 400 dollar at a four hundred million dollar pre they invest eighty million dollars, so a 404 hundred eighty million dollar post. So they basically, but at that time the business have no revenue still, like a very little revenue, but the volume is like doubling, tripling every month.”
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