Summary: Jack Zhang, co-founder of Airwallex, rejected a $1.2 billion buyout offer from Stripe in 2018. Since then, Airwallex has grown into a $6.2 billion global banking and payments platform, with Zhang holding a 12.5% stake worth $775 million. The company, now based in Singapore, plans to expand its product offerings and compete with Stripe in the growing market for international banking and payments solutions.

Link: https://www.straitstimes.com/business/companies-markets/how-founder-of-singapore-based-airwallex-rejected-stripe-buyout-before-building-997-million-fortune