What-if certainty 3/5 debate potential 2/5

Airwallex would have died without raising $400M in 2021

Jack Zhang · Airwallex CEO & Co-Founder, Jack Zhang: The Angel That Turned $1M into $1BN · 20VC with Harry Stebbings · May 26, 2025 · at 1:19:52

Jack Zhang is co-founder and CEO of Airwallex. He explains how essential the $400 million capital cushion raised in 2021 was for surviving later economic headwinds.

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“I think air wallets will be dead without twenty-twenty-one. Right. We raised four hundred million dollars.”

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