Airwallex, a global financial platform, has acquired OpenPay, a San Francisco-based billing platform specializing in subscription management, payment orchestration, and revenue analytics, to enhance its global infrastructure and expand its billing capabilities.

The acquisition aims to integrate OpenPay’s advanced billing and analytics into Airwallex’s existing global infrastructure. This move is designed to strengthen Airwallex’s competitive position against established players in the billing sector, such as Stripe Billing and Recurly, while enabling its customers to automate processes and accelerate revenue growth. Financial terms of the transaction were not disclosed.

Founded in Melbourne in 2015 and now headquartered in Singapore, Airwallex offers cross-border payments, business accounts, cards, and embedded financial services to businesses globally. The company has focused on modernizing financial infrastructure for international commerce, experiencing rapid growth.

OpenPay, based in San Francisco, developed a billing and subscription management platform known for its smart payment routing, AI-driven retention tools, real-time insights, and adaptable billing models. Its technology supports various subscription structures, including usage-based, tiered, and flat fees, catering to businesses that monetize through tokens, compute resources, or API calls, which is increasingly relevant for AI firms and other consumption-driven industries.

With OpenPay’s integration, Airwallex intends to introduce a global billing platform capable of addressing multi-currency and cross-border requirements. This is expected to reduce costs, increase revenue, and enable businesses to seamlessly scale subscription models across international markets. The companies highlighted that traditional billing systems were not designed for global, multi-currency environments, a gap Airwallex now aims to fill. The acquisition also positions Airwallex to capitalize on the increasing demand for hybrid and usage-based billing solutions, particularly within AI and other rapidly expanding sectors.

Jack Zhang, CEO of Airwallex, commented on the acquisition, stating, “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. 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.”Lance Co Ting Keh, CEO of OpenPay, added, “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. 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.”