Stripe and Airwallex Shift from Potential Acquisition to Rivalry in Payment Sector
Stripe and Airwallex, once in talks for a potential acquisition, are now competing in the global payments market. Airwallex, which initially rejected a $1.2 billion offer from Stripe in 2018, has since grown significantly, with annualized revenue of $1.3 billion and 85% year-over-year growth. The shift highlights the competitive landscape in financial infrastructure.
Topics: Airwallex entrepreneurship financial infrastructure startup acquisition Stripe