Airwallex failed with peer-to-peer and invoicing products before pivoting
Jack Zhang · Airwallex CEO & Co-Founder, Jack Zhang: The Angel That Turned $1M into $1BN · 20VC with Harry Stebbings · May 26, 2025 · at 49:56
Jack Zhang is the co-founder and CEO of Airwallex. He reflects on the early product failures before Airwallex transitioned into an enterprise API payment network.
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“2016, the peer-to-peer algorithm failed. You know, in 2017, I sort of, the invoicing also failed in 2017.”
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