Airwallex CEO Jack Zhang says the fintech runs a software-infused global digital bank for SMBs, with transfers costing under 10% of SWIFT correspondent banking.
Zhang says turning down Stripe's $1.2bn acquisition offer after about two weeks was probably the wrong call in hindsight.
Nikolay Storonsky says Revolut's card infrastructure was built after a UK consultant first called it impossible, with Storonsky funding early development himself.
Storonsky says he avoids speculative businesses and that banks fail when treasury departments invest customer money, citing Silicon Valley Bank.