With a background in technology and banking, Jack was well positioned to find a better solution for multi-currency banking applications like cross-border payments and FX. Airwallex takes on the antiquated SWIFT system, offering quick, full-amount transactions for half (or less) of traditional bank fees. Having just raised series B funding from big-name investors, Airwallex is poised for global expansion.
In today’s episode you’ll learn:
- About Airwallex
- About Airwallex’s expansion plans
- Why Jack doesn’t see cryptocurrencies as a threat to the Airwallex business model
- Jack’s advice for aspiring entrepreneurs
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What was your biggest insight from this week’s episode? Let Jay know in the comments or on Twitter: @jaykimmer.
LINKS FROM TODAY’S EPISODE
- Read the full transcript from Jack’s interview
- Find Jack on LinkedIn and Twitter
- Airwallex
DETAILED SHOW NOTES
- (2:39) Jack’s introduction of himself and Airwallex
- (4:35) Jack explains where the idea of Airwallex came from
- (7:49) Airwallex — Jack explains the name
- (8:28) Jack gives an overview of the Airwallex products
- (9:20) A use-case example
- (13:45) Jack describes the user experience
- (14:57) Jack explains Airwallex’s revenue model
- (17:40) Jack describes Airwallex’s target markets and clients
- (18:47) Jack addresses Chinese regulatory and capital controls
- (20:54) Jack addresses the question of cryptocurrencies and if they are a threat to steal market share
- (22:56) Jack shares Airwallex’s expansion plans
- (25:57) Jack’s advice for aspiring entrepreneurs
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