[Airwallex Founder Reveals He Once Rejected Stripe's $1.2 Billion Acquisition Offer] Airwallex founder and CEO Jack Zhang disclosed in a post that back in 2018, Stripe had proposed acquiring Airwallex for $1.2 billion. At the time, the company's annual revenue was only around $2 million, corresponding to a valuation approximately 600 times its revenue. Based on the offer at the time, Zhang's potential personal gain could have exceeded $2 billion, but the team ultimately decided to decline. The company's annual recurring revenue (ARR) has now reached $1 billion, and its latest funding round raised $330 million, boosting its valuation to $8 billion.