Australia’s fastest company to hit unicorn is now trying to leverage the growing links between China and the Middle East as a new path for growth. The fintech firm, last valued at $5.6 billion, recently won a payments license for mainland China. Airwallex’s annual transaction volume hit $100 billion in August, with annual run rate revenue of $500 million. CEO Jack Zhang said the firm is prepping to be IPO-ready in the next two years.
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