In this episode of the Fintech Fun podcast series, host Chris Titley sits down with Matthew Sek, Vice President for Airwallex Australia and New Zealand. Matthew shares the intriguing origin story of Airwallex, which began as a coffee shop in Melbourne facing challenges with international supplier payments. This real-world problem led to the creation of a global fintech company dedicated to providing financial solutions for small and medium-sized businesses (SMBs). They discuss Airwallex's suite of products, including FX services, global payouts, corporate cards without international transaction fees, and spend management tools. The conversation highlights the increasing globalisation of SMBs, the importance of educating businesses on available financial tools, and how Airwallex is helping save time and money for its clients. Matthew also touches on the company's significant growth, the challenges of building trust in the financial sector, and shares personal insights into his work-life balance and unique hobby of frequent flyer point hacking.

00:21 – Airwallex's origin: From a Melbourne coffee shop to fintech innovation

02:06 – The importance of being a global company and trends in international business transactions

03:55 – Overview of Airwallex's product suite and prioritization

05:21 – Future plans: Introducing lending products and credit cards

06:01 – Insights from the Spend Management Report and challenges faced by SMBs

07:28 – The necessity of educating SMBs about available financial tools

09:58 – The value of time savings for SMBs and the impact on productivity

13:19 – Airwallex's growth journey and Matthew's experience within the company

14:52 – Building trust in financial services and the fintech industry

15:49 – Matthew's personal life: Balancing work with family and travel

17:38 – Hobby spotlight: Frequent flyer point hacking

19:49 – Closing remarks and final thoughts

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June 2024 – Vanta Fintechfun