Airwallex’s acquisition of OpenPay combines global payments infrastructure with advanced subscription and usage-based billing tools, giving businesses a unified, multicurrency platform to scale recurring revenue and simplify cross-border commerce.
Airwallex announced the acquisition of OpenPay, a San Francisco-based billing platform, bringing subscription management, payment orchestration, and revenue analytics into Airwallex’s global financial stack. Financial terms of the deal were not disclosed.
OpenPay’s platform provides automated capabilities such as smart payment routing, AI-driven retention tools, real-time revenue insights, and support for tiered, usage-based, and flat-fee subscription models. Those features address growing demand for hybrid and consumption-based billing, especially among AI and other token/compute-driven businesses. They will enable Airwallex to offer built-in usage-based billing that works across borders and currencies.
Airwallex plans to integrate OpenPay’s capabilities into its existing suite, including payments, cross-border settlement, and fraud tools. This way, merchants can manage billing, payments, and analytics from a unified platform. The company frames the acquisition as a response to changing monetization models and a push to make global billing more streamlined for businesses of all sizes. The combined offering will be available to new and existing customers in Q4 2025.
Airwallex said the addition strengthens its position against competitors, including Stripe Billing and Recurly, by combining global payments infrastructure with modern billing and subscription management.
Jack Zhang, Co-founder and CEO of Airwallex, said that most billing systems were outdated and hadn’t been built for a global, multi-currency world, and that by folding OpenPay’s subscription management, payment orchestration, and analytics into Airwallex, they were aiming to create the first truly global billing platform.
Lance Co Ting Keh, CEO of OpenPay, added that OpenPay was founded to address the complexity of recurring revenue management and that, having found a partner in Airwallex with the global reach to scale their solution, the team was looking forward to the next chapter.
Market context underscores the move: with the global subscription economy expected to surpass $1 trillion by 2030, demand for multicurrency billing and automated revenue tooling is set to grow.
Airwallex positions the acquisition as a step toward lowering costs, improving reconciliation, and enabling businesses to scale subscription models internationally without rebuilding integrations.
The company, founded in Australia in 2015, reached a $6.2 billion valuation following a $300 million Series F earlier this year.
