According to @thedaoofwei, citing Simon Taylor on X, Airwallex raised $330M at an $8B valuation, topped $1B in annualized revenue up 90% year over year, processed $235B+ in transaction volume, and is relocating its headquarters from Melbourne to San Francisco, signaling strong traction in cross-border B2B payments infrastructure; source: @thedaoofwei. The source highlights that Airwallex is positioned as multi-rail treasury infrastructure for CFOs managing 20+ local clearing systems, FX, and cross-border settlement, distinct from developer-first providers like Stripe with some product overlap as it expands in the US; source: @thedaoofwei. The thread details a risk debate after Keith Rabois raised concerns about a potential Chinese backdoor, noting China’s National Intelligence Law can compel cooperation, Airwallex has engineers in Shanghai, and Tencent is an investor, making jurisdictional risk scrutiny relevant for firms handling sensitive financial data; source: @thedaoofwei. Airwallex’s stated controls include US data stored only in the US or Singapore, no production data access for Chinese engineers, and independent SOC 2 audits, with the suggested industry answer being auditable code reviews, data residency attestations, and third-party verification; source: @thedaoofwei. The source concludes that despite geopolitical debate, execution and CFO demand around settlement times and FX spreads underpin the $8B valuation, with the attention potentially acting as free marketing as the company enters the US; source: @thedaoofwei.