Airwallex, a leading global financial platform for modern businesses, has acquired OpenPay, a San Francisco-based billing platform that offers subscription management, payment orchestration, and revenue analytics. The acquisition will bring OpenPay’s billing and analytics capabilities into Airwallex’s global platform, strengthening Airwallex’s position against other players like Stripe Billing and Recurly, and empowering Airwallex customers to unlock and automate revenue growth.
“Most billing systems are locked in the past, they were never designed for a global, multi-currency world. That’s the gap we’re closing,” said Jack Zhang, Co-founder and CEO of Airwallex. “By bringing OpenPay’s subscription management, orchestration, and analytics capabilities into Airwallex, we’re creating the first truly global billing platform. The OpenPay team brings deep technical strength and a shared conviction in our vision, and we’re thrilled to have them on board as we help businesses scale seamlessly across borders.”
“We started OpenPay to solve the complexity of recurring revenue management. We envisioned a smarter, more intuitive platform that empowers subscription businesses to scale without barriers,” said Lance Co Ting Keh, CEO of OpenPay. “In Airwallex, we found a partner who shares our vision, our DNA and has the global reach to apply our work at scale. We are very proud of what we’ve built and excited for our next chapter as we partner with Airwallex to set a new standard, creating a paradigm shift in global payments.”
OpenPay has distinguished itself through its development of automated features like smart payment routing, AI-driven retention tools, real-time insights and subscription management for tiered, usage-based, and flat fee models. Demand for hybrid and usage-based billing – tied to actual product usage as opposed to static, seat-based pricing – is rising as AI companies and other consumption-led businesses monetize by tokens, calls, and computes. With OpenPay, Airwallex will offer built-in usage-based billing that works across borders and currencies.
With this acquisition, Airwallex isn’t just entering billing – it’s redefining it. By marrying global financial infrastructure with modern subscription management, Airwallex is creating the first truly global billing platform: one that lowers costs, increases revenue, and lets businesses scale subscriptions without borders.
Financial terms of the transaction are not disclosed.
