Airwallex, a number one world monetary platform for contemporary companies, right this moment introduced the acquisition of OpenPay, a San Francisco-based billing platform that provides subscription administration, cost orchestration, and income analytics.
The acquisition will convey OpenPay’s billing and analytics capabilities into Airwallex‘s world platform, strengthening Airwallex’s place towards different gamers like Stripe Billing and Recurly, and empowering Airwallex clients to unlock and automate income development.
“Most billing methods are locked up to now; they have been by no means designed for a world, multi-currency world. That’s the hole we’re closing,” stated Jack Zhang, Co-Founder and CEO of Airwallex. “By bringing OpenPay’s subscription administration, orchestration, and analytics capabilities into Airwallex, we’re creating the primary really world billing platform. The OpenPay group brings deep technical power and a shared conviction in our imaginative and prescient, and we’re thrilled to have them on board as we assist companies scale seamlessly throughout borders.”
“We began OpenPay to unravel the complexity of recurring income administration. We envisioned a better, extra intuitive platform that empowers subscription companies to scale with out obstacles,” stated Lance Co Ting Keh, CEO of OpenPay. “In Airwallex, we discovered a companion who shares our imaginative and prescient, our DNA, and has the worldwide attain to use our work at scale. We’re very pleased with what we’ve constructed and excited for our subsequent chapter as we companion with Airwallex to set a brand new customary, making a paradigm shift in world funds.”
OpenPay has distinguished itself by means of its improvement of automated options like sensible cost routing, AI-driven retention instruments, real-time insights, and subscription administration for tiered, usage-based, and flat payment fashions. Demand for hybrid and usage-based billing – tied to precise product utilization versus static, seat-based pricing – is rising as AI corporations and different consumption-led companies monetise by tokens, calls, and compute. With OpenPay, Airwallex will provide built-in usage-based billing that works throughout borders and currencies.
With this acquisition, Airwallex isn’t simply fixing billing – it’s redefining it. By marrying world monetary infrastructure with fashionable billing and subscription administration, Airwallex is creating the primary really world billing platform: one which lowers prices, will increase income, and lets companies scale subscriptions with out borders.
Monetary phrases of the transaction are usually not disclosed.
