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From Lemons to $6.2BN: Airwallex’s Crazy Story
Company Overview - Airwallet was co-founded in 2015 to address high foreign exchange fees encountered when sourcing coffee beans internationally [2] - Airwallet is now valued at $6.2 billion [4] - Airwallet processes over 130 billion in annual payments [4] Business Development - The company's breakthrough came with its first major client, who saved $50,000 in fees in one month [3] - In 2018, Stripe offered to buy Airwallet for $1.2 billion, but the offer was declined [3] Early Challenges - The founders initially faced financial hardship, living off instant noodles and working long hours [3] - Early operations involved four people working and sleeping in a cramped office [3]