RT @shannonscott: One of the more interesting things we're seeing at Airwallex is customers going from using our infrastructure to move money to building entirely new products on top of it.
Let’s go @Boltapp!
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Airwallex@airwallex
Millions of drivers and couriers earn through @boltapp but manage their money elsewhere.
Bolt thought that seemed unnecessary.
We agreed.
Now we're helping them build Bolt Money on our global financial infrastructure.
Millions of drivers and couriers earn through @boltapp but manage their money elsewhere.
Bolt thought that seemed unnecessary.
We agreed.
Now we're helping them build Bolt Money on our global financial infrastructure.
I need @ByronTau to weigh in, as editor emeritus of @Politico44 and server emeritus at CF Chevy Chase
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Steve Krakauer@SteveKrak
This line is getting praise on X, but it’s actually elitist garbage written by a speechwriter who clearly hasn’t spent much time in a Cheesecake Factory, which has none of the gaudy Trump aesthetic, and just feels good to say because it represents flyover MAGA “night out.”
This line is getting praise on X, but it’s actually elitist garbage written by a speechwriter who clearly hasn’t spent much time in a Cheesecake Factory, which has none of the gaudy Trump aesthetic, and just feels good to say because it represents flyover MAGA “night out.”
RT @RachaelRad: A decade into building @airwallex, one of the most interesting things to watch is where customers are taking the platform.
Payment volumes from Latin America to North America grew nearly 400% on Airwallex over the past year, a reminder that globalization isn't just about trade between East and West. Businesses are building new commercial relationships in every direction and we're building the financial infrastructure to keep up.
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Airwallex@airwallex
Some of our fastest-growing cross-border payment corridors are between North and Latin America.
Over the past year, collection and payout volume grew:
- LATAM → North America: +384%
- North America → LATAM: +283%
- EMEA → APAC: +144%
Some of our fastest-growing cross-border payment corridors are between North and Latin America.
Over the past year, collection and payout volume grew:
- LATAM → North America: +384%
- North America → LATAM: +283%
- EMEA → APAC: +144%
Meanwhile, @airwallex is growing in Seattle as other companies leave, looking to hire competent people who know what they're doing in Seattle, especially infrastructure engineers. Listings, including one non-engineering job in legal at link:
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Rachael Horwitz@RachaelRad
There is a throwaway line in a WSJ story about the Seattle mayor’s failures about how reps from her admin traveled to SF to learn how Lurie was leading such a successful turnaround and were stunned by how it seemed to be connected to hiring competent people who know what they’re doing.
There is a throwaway line in a WSJ story about the Seattle mayor’s failures about how reps from her admin traveled to SF to learn how Lurie was leading such a successful turnaround and were stunned by how it seemed to be connected to hiring competent people who know what they’re doing.
RT @PranavkSood: For years, companies have benefited from customers sticking around simply because switching was too much work.
AI agents are starting to change that.
Muse and other personal AI assistants are helping people cancel unused memberships and earn more interest on their money. AI is transforming how businesses manage purchases and vendors. And the global economy is just beginning to feel the impact.
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Pranav Sood@PranavkSood
For years, companies have benefited from customers sticking around simply because switching was too much work.
AI agents are starting to change that.
RT @awxjack: Among SMBs on @airwallex (reminder we cover markets around the world not just US) those paying for AI tools in Q3'25 grew processed volume 54% over the next year.
Non-adopters: 29%. They also trade with 2.7x more countries (8 vs 3).
Correlation, not causation. But AI may turn out to be a growth story, not just a cost story.
RT @NewcomerMedia: @PranavkSood of @airwallex said the rise of personal AI agents means it’s a bad time to be a business built on inertia, and a good time to help customers do what they actually want.
RT @awxjack: I hope @eglyman and @karimatiyeh are asking themselves if they are comfortable with politically connected investors in their company using a founder’s Chinese ethnicity and national-security as weapons against a competitor?
@tryramp was valued at $44 billion just three months ago. Airwallex was valued at $11 billion. This is a company four times our valuation whose investors are using their political reach to turn a commercial rivalry into a Washington national-security fight.
This is the anatomy of a smear campaign. Their investors have been attacking me and my company for months. This week a congressional letter about Airwallex is published and two of its most immediate and aggressive amplifiers are Ramp investors.
What exactly are they afraid of?
Airwallex spent ten years building global business accounts and financial infrastructure for companies operating around the world. Why not compete on the merits? Build the better product.
Instead, Airwallex is being singled out for something utterly ordinary among global financial companies. Adyen has had a Shanghai team for more than a decade. PayPal, Checkout, JPM, Citi etc. many others operate in China to serve a global payments market. Why is the serious policy question not what security standards should apply to every global financial-services company?
We welcome that question.
We hired Coalfire, an A2LA-accredited FedRAMP Third-Party Assessment Organization, to independently evaluate our controls. Its published assessment described our security program as “intentional, structured, and forward-looking,” with controls that “go beyond minimum expectations.” We published the attestation.
That should be the standard. Establish rigorous requirements for protecting American customer data. Independently test companies against them. Publish the results. Apply the same rules to Airwallex, Adyen, PayPal, Checkout and every other global financial company.
The Committee’s letter itself says it “has not reached the conclusion that Airwallex has engaged in unlawful conduct.” There has been no finding of unlawful conduct here. Airwallex has instead opened its systems and controls to independent scrutiny.
So why is Airwallex deserve to be on trial according to Ramp?
I was born in China. I am an Australian citizen. My ethnicity is not evidence of allegiance to the Chinese government. It should not become a substitute for technical evidence simply because it makes an accusation more politically potent. National security is too important for that.
Eric and Karim should ask whether this is really how they want competition in fintech to work. We have nothing to hide. We will keep answering legitimate questions, publishing evidence and subjecting ourselves to independent scrutiny.
And after ten years building @airwallex, we are proud of what we actually compete on which is helping businesses operate and win globally.
RT @RachaelRad: ANYWAY.
We had a great event in Australia this week. Read more here.
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Chris Owens@snewoc
“Small businesses don’t need more technology for technology’s sake…
They need technology that solves problems. Something that saves an hour, cuts a cost, manages stock, speeds up payments. That’s the standard that we should set.”
🇦🇺’s Small Business Minister Anne Aly at launch of @Mandala_econ@airwallex economic impact report
“Small businesses don’t need more technology for technology’s sake…
They need technology that solves problems. Something that saves an hour, cuts a cost, manages stock, speeds up payments. That’s the standard that we should set.”
🇦🇺’s Small Business Minister Anne Aly at launch of @Mandala_econ@airwallex economic impact report
RT @awxjack: I’m a founder. I like to focus on engineering and building rather than responding to false allegations. But there is so much here that I had to say something.
I was born in China, and I am a proud Australian citizen who immigrated there as a teenager. Australia gave me the freedom and opportunity to build this company. The United States represents that same promise more powerfully than anywhere else on earth.
Having employees in China is not, by itself, a security issue. The question is how customer data is protected. Joe knows that many of the world’s largest payments, banking and technology companies have employees and operations in China. What matters is the architecture, controls and safeguards governing access to data.
Our controls have been independently assessed, and our product and security teams include veterans of Palantir and the Australian Defence Force. These allegations did not originate with a security breach or regulatory finding. They originated with investors in Ramp, our direct competitor.
We have written to the Congressman and look forward to answering his questions. You can read the correspondence here:
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Joe Lonsdale@JTLonsdale
Important work by the House China Committee: Airwallex has founders with ties to China, 712 employees there, and Chinese laws that require the company to help CCP intel gathering on demand.
If you use Rippling, Deel, Brex, Navan, or Zip, it’s worth asking them if your US or intl payments run through Airwallex.
If so, there’s NO protection if the CCP decides they want to take a look.
Important work by the House China Committee: Airwallex has founders with ties to China, 712 employees there, and Chinese laws that require the company to help CCP intel gathering on demand.
If you use Rippling, Deel, Brex, Navan, or Zip, it’s worth asking them if your US or intl payments run through Airwallex.
If so, there’s NO protection if the CCP decides they want to take a look.
Yesterday, we lost a cherished member of our family.
We got Sunny at the start of our second term in the White House, and all of us – including our first dog, Bo – immediately fell in love. We also had trouble keeping up with her, for Sunny was a force of nature. Athletic and full of boundless energy, she leapt over the hedges on the South Lawn like they weren’t even there, chasing squirrels, birds and anything else that moved. And whereas the way to Bo’s heart usually involved a treat, Sunny was more interested in having us run around with her, roll on the floor with her, or have her belly rubbed for as long as we were willing.
She loved the girls, even if they were pestering her when she was napping. She loved our team, and would often follow them around, helping them on the job. She was fiercely protective of Bo, who she rightly sensed wasn’t always as alert and attentive as she was. She had her eccentricities: other than Bo, she preferred people to dogs; she was a loud and sloppy drinker; and despite being a Portuguese Water Dog, she hated getting wet.
But as far as our family was concerned, she was pretty much perfect, and for thirteen years, she would be by our side – always loyal, always sweet, always ready for adventure, still fiery and gorgeous till the very end of her days.
We will miss her terribly, and imagine she’s with her big brother now, making sure he’s okay.
Yesterday, we lost a cherished member of our family.
We got Sunny at the start of our second term in the White House, and all of us – including our first dog, Bo – immediately fell in love. We also had trouble keeping up with her, for Sunny was a force of nature. Athletic and full of boundless energy, she leapt over the hedges on the South Lawn like they weren’t even there, chasing squirrels, birds and anything else that moved. And whereas the way to Bo’s heart usually involved a treat, Sunny was more interested in having us run around with her, roll on the floor with her, or have her belly rubbed for as long as we were willing.
She loved the girls, even if they were pestering her when she was napping. She loved our team, and would often follow them around, helping them on the job. She was fiercely protective of Bo, who she rightly sensed wasn’t always as alert and attentive as she was. She had her eccentricities: other than Bo, she preferred people to dogs; she was a loud and sloppy drinker; and despite being a Portuguese Water Dog, she hated getting wet.
But as far as our family was concerned, she was pretty much perfect, and for thirteen years, she would be by our side – always loyal, always sweet, always ready for adventure, still fiery and gorgeous till the very end of her days.
We will miss her terribly, and imagine she’s with her big brother now, making sure he’s okay.
RT @snewoc: Australian businesses have always looked beyond our shores. Now, a startup or small business can operate across borders much earlier, without the difficulties that once came with going global.
Today, we’re launching The Airwallex Economy - our substack that will look at how businesses expand overseas, and the technology and policies that make it possible.
Welcome to The Airwallex Economy, our new Substack where we'll be sharing stories about the businesses, people and ideas shaping the next global economy (edited by me)
RT @RachaelRad: How does the technology we build create value not just for the internet economy but for the places where people actually live and work?
@airwallex sits on that data and we're going to tell that story. Welcome to The Airwallex Economy edited by @jeneps 🫡
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Jennifer Epstein@jeneps
Welcome to The Airwallex Economy, our new Substack where we'll be sharing stories about the businesses, people and ideas shaping the next global economy (edited by me)