Airwallex: The Future of Global Business Payments

let's get into the show so airwallex is an australian founded financial technology fintech company that helps businesses manage money globally what airwallex does airwallex is essentially a global payments and financial platform for businesses it lets companies operate internationally without needing multiple bank accounts or complex financial setups key things it offers international payments send slash receive money worldwide multi-currency accounts hold and convert different currencies corporate cards and expense management online payment gateways for e-commerce sas etc apis for developers to embed financial services think of it as a quote financial operating system end quote for global businesses background founded 2015 in Melbourne.

Founders include Jack Zhang.

Now headquartered in Singapore and San Francisco.

Serves 150k to 200k plus businesses globally.

Valued at approximately US... six plus billion one of one of australia's excuse me one of australia's biggest fintech startups why companies use it businesses use airwallex to avoid high bank fx fees pay suppliers overseas easily collect payments from customers in different countries manage global finances in one place it's especially popular with startups e-commerce brands, and SaaS companies expanding internationally.

Simple way to think about it, traditional blanks, slow, expensive for global business.

Airwallex, modern, digital alternative for cross-border operations.

Let's go over to google.gemini.com. Airwallex is a leading financial technology fintech company, which we briefly talked about, that provides cross-border payment solutions and financial infrastructure for businesses.

Founded in Melbourne in 2015, we briefly touched upon that or talked about it.

And it's grown into a global, quote, unicorn, end quote, by solving a specific expensive problem, the high fees and slow speeds of traditional international banking.

Instead of relying on the aging SWIFT network For every move, Airwallex has built its own proprietary global payment network Core product suite feature global accounts while it does open local currency accounts, USD or GBP, etc.

in minutes without a physical presence in those countries.

FX and transfers exchange currencies at international rates, usually much cheaper than big banks, and send money to 150 plus countries.

multi-currency cards, issue virtual or physical corporate cards to employees with built-in expense management and zero international transaction fees.

Online payments, a gateway for e-commerce like Stripe that allows merchants to accept 160 plus payment methods globally, embedded finance, APIs that let other companies build financial features like card issuing directly into their own software why businesses use it the primary quote hook end quote for airwallex is cost and speed traditional banks often charge three to five percent markup on exchange rates plus fixed wire fees airwallex typically charges a much smaller transparent margin often around 0.5 to 1% and lose money faster by using local clearing systems rather than international wires Key distinction, Aerolux is technically a payment service provider, PSP, and an electronic money institution, EMI, not a traditional bank.

This means while they hold and move your money securely, they don't lend it out or offer traditional savings interest in the same way a commercial bank does.