Singapore — Airwallex, a global financial technology platform for businesses, has acquired OpenPay, a billing company specialising in subscription management, payment orchestration, and revenue analytics. The integration of OpenPay’s technology will enhance Airwallex’s global platform by introducing advanced billing and analytics capabilities.
The acquisition is expected to strengthen Airwallex’s competitive position against providers such as Stripe Billing and Recurly, while enabling customers to streamline recurring revenue processes and automate subscription growth across multiple currencies and markets.
Jack Zhang, co-founder and CEO of Airwallex, stated how most billing systems are locked in the past, and were never designed for a global, multi-currency world.
“By bringing OpenPay’s subscription management, orchestration, and analytics capabilities into Airwallex, we’re creating the first truly global billing platform,” Jack said.
“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.”
OpenPay has developed a range of automated billing solutions, including smart payment routing, AI-driven retention tools, real-time insights, and flexible subscription management that supports tiered, usage-based, and flat-fee models. These capabilities are increasingly relevant for AI-driven and consumption-led businesses that rely on usage-based billing methods, such as tokens, calls, and compute, rather than traditional seat-based pricing.
Lance Co Ting Keh, CEO of OpenPay, explained how their company started to solve the complexities of recurring revenue management.
“In Airwallex, we found a partner who shared our vision, our DNA, and has global reach to apply our work at scale,” Lance stated.
“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.”
By combining Airwallex’s financial infrastructure with OpenPay’s billing technology, the company aims to create a global billing solution designed to reduce costs, increase revenue, and simplify cross-border subscription management.
The financial details of the acquisition have not been disclosed.
