Airwallex has acquired San Francisco-based billing startup OpenPay, adding subscription management and analytics tools to its global financial platform.

The move expands Airwallex’s reach into recurring revenue services and positions it against billing providers such as Stripe Billing and Recurly.

A Global Take on Billing

Although the financial terms of the transaction were not disclosed, Jack Zhang, co-founder and CEO of Airwallex, said the deal fills a gap in existing billing technology.

“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,” commented 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.”

OpenPay offers automated features including smart payment routing, AI-driven retention tools, and subscription management across tiered, usage-based, and flat-fee models.

These capabilities target growing demand for flexible billing, particularly from AI and consumption-led businesses that monetize by tokens, calls, and compute.

“We started OpenPay to solve the complexity of recurring revenue management,” said Lance Co Ting Keh, CEO of OpenPay. “In Airwallex, we found a partner who shares our vision and has the global reach to apply our work at scale.”

The Bigger Picture

The acquisition highlights a shift in billing as companies move away from fixed, seat-based pricing. By combining its global payments infrastructure with OpenPay’s billing tools, Airwallex aims to lower costs and support businesses scaling subscriptions across borders.

Expect ongoing updates as this story evolves.

Source: Finance Magnates