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Jack Zhang
Building Airwallex, Investing @ Capital 49
Jack Zhang is the Founder & CEO of Airwallex, a cutting-edge technology company revolutionizing global business operations.
Airwallex offers a modern financial infrastructure that empowers businesses of all sizes to expand globally without the constraints of the traditional financial system.
Jack Zhang studied B.Eng in Computer Science at the University of Melbourne.
Prior to Airwallex, he held various roles such as Founder at Capital 49, Co-Founder & CEO at Airwallex, Solution Architect - FX at ANZ, Founder at Hohen International, Technical Lead - FICC at National Australia Bank, and Software Engineer at Aviva.
To support the company's rapid expansion, Airwallex is actively seeking passionate and skilled individuals to join their team. For career opportunities, visit https://www.airwallex.com/careers.
Highlights
Product market fit is everything when building a strong, high-growth company. We look at several metrics to understand whether we are hitting the mark for what our customers need – and transaction volume is a critical one. This measure of how many dollars are moving across our rails is a key indicator of customer activity and stickiness of the relationship.
That’s why I’m thrilled to see Airwallex’s annual transaction volume hit the US$100 billion threshold last month – up 73% YoY – a sign that our customers are growing their use of Airwallex across their businesses. This milestone plus turning cash flow positive at the close of 2023 gives us confidence in the durability and scalability of our business model.
Most importantly, it tells me that we are making a true impact in our quest to help millions of global businesses to grow beyond borders. I’m proud of our 1,500 Airwallex colleagues around the world who make sure every dollar, dirham, ringgit, real, pound, peso, euro (and more than 100 other currencies) gets to its destination safely, securely, cost-effectively and friction-free.
For more on our 2024 impact to date, see my mid-year mission update.
Big dreams are born in Melbourne – both for Airwallex and for McLaren Racing hometown hero, Oscar Piastri.
I had the opportunity to discuss all things racing, plus our shared origins and ambitions with Oscar on stage at our Melbourne Grand Prix Homecoming Party earlier this week. We also presented a $10,000 Business Acceleration Grant to local entrepreneur Maria Baker from Nobody's Princess, demonstrating our commitment to fuelling the growth of businesses with great potential. Congratulations Maria!
Wishing the best of luck to Team McLaren, Zak Brown and to Oscar for the race this weekend. Proud to be part of the Papaya family. Onya, Oscar!
