• Jack Zhang becomes the first technology leader to receive the prestigious Kernot commemorative medal by the University of Melbourne

  • Airwallex strengthens its engineering capabilities in Australia by launching a new engineering center in Sydney, in addition to its existing hub at Melbourne

Melbourne, Australia, July 5, 2021 / PRNewswire / – Jack Zhang, co-founder and CEO of Airwallex, moved back University of Melbourne Kernot commemorative medal from the Faculty of Engineering and Information Technology for engineering excellence. In addition, Airwallex also announced today the opening of its second engineering center in Australia, situated at Sydney. This comes as Airwallex continues to accelerate its hypergrowth dynamic, with the the valuation of the company goes to 2.6 billion US dollars after a recent capital increase of $ 100 million earlier this year.

First technology leader to receive the Kernot Commemorative Medal

In the 95-year history of the Kernot Memorial Medal, Zhang is the first recipient of an information technology (IT) background, as the University expands the award criteria to recognize technology innovators from the ‘to come up. This recognition also recognizes the changing role of engineering in society – with a focus on physical assets and large infrastructure to integrate future-oriented technology and innovation.

the Kernot commemorative medal was created in memory of the professor Guillaume-Charles Kernot, the first professor of engineering at the University of Melbourne. The award has traditionally recognized eminent engineering figures in Australia. Previous recipients include Sir John monash, construction tycoon Jean Holland and civil engineer Donald Victor Darwin.

Zhang, a computer science graduate from University of Melbourne, had a brilliant career in australia financial technology sector. Working as a technical lead for major banks including NAB and ANZ, Zhang co-founded Airwallex with four friends in 2015, three of whom were also University of Melbourne old students. The company quickly grew to become one of the world’s leading technology companies, earning the title of australia fastest growing and highest breeding tech unicorn US $ 500 million in equity funds to date.

Speaking on the award ceremony, the Dean of the Faculty of Engineering and Information Technology, Professor Marc Cassidy, said: “We are proud of the incredible progress Jack has made in his career with Airwallex and the leadership he has demonstrated in the technology space. Recognizing Jack’s accomplishments with the Kernot Memorial Medal, this is the first time that a technology leader has been honored in this way. , recognizes the growing role of technology and entrepreneurship in society. We can’t wait to see what Jack does next and look forward to strengthening our relationship with him! “

Zhang responded to the victory as an important moment in his career. “Like a University of Melbourne alumni, I am honored to have received such a prestigious award and to be recognized as the first technology leader to receive the Kernot Memorial Medal, ”said Mr. Zhang.

“Inspired by the approach of my teachers during my time at University of Melbourne, I was driven to look beyond what is possible and solve tough engineering challenges every day. This philosophy is a key part of the product and engineering culture at Airwallex – from our leadership team to our internship program – and I hope it will inspire talented engineers to forge their careers at Airwallex.

“I am so proud of what we have achieved with our global financial infrastructure, and this award reinforces the excellence of our technology and innovation. We are truly on track to realize our vision of being the global financial cloud to enable businesses to operate anywhere. , at any time.”

New engineering center at Sydney will increase the local talent pool

To continue its quest for engineering excellence, the growth of Airwallex Sydney The team will house the company’s second Australian engineering hub. Similar to its existing Melbourne center, that of Sydney The engineering team will focus on research and development of new products and improvements for Airwallex’s global financial platform.

The company currently employs more than 50 engineers in Australia, and plans to double that number through Sydney and Melbourne by the end of 2021. Excluding Australia, Airwallex has engineering poles in San Francisco, Shanghai and the Netherlands.

that of Melbourne The engineering hub has played a central role in Airwallex, with many of our recent products starting their development there, such as our main banking platform and multi-currency Visa debit cards. After witnessing the great impact of our Melbourne team had on the development of our platform and our products, it was obvious to open our fifth engineering pole to Sydney. This new hub allows us to invest in the growing pool of technological talent in Sydney, which we look forward to welcoming to our team, ”Zhang said.

About Airwallex

Airwallex is a global fintech payments platform whose mission is to enable businesses of all sizes to grow without borders and, in so doing, contribute to the global economy. With technology at its core, Airwallex has built a global financial infrastructure and platform to help businesses manage payments, cash and expenses internationally, without the constraints of the traditional financial system.

Airwallex has secured more US $ 500 million since its creation in Melbourne in 2015, and is supported by leading investors. Today, the company operates with a team of more than 800 employees in 12 global offices. For more information, please visit www.airwallex.com

SOURCE Airwallex

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