Airwallex, an $8 billion payments startup, is rolling out a billing product suite that enables businesses to generate invoices, track customer usage of software products, and manage subscriptions. The billing suite is included in existing pricing plans for current customers with no added cost. Airwallex positions the offering as a way to make it easy to get paid from customers worldwide. The new billing capabilities expand Airwallex’s existing payments and corporate card products, increasing overlap with Stripe’s long-running billing business. Airwallex has grown from cross-border payments into a broader enterprise finance platform, with payments representing about 30% of revenue. Competitive fintechs are increasingly converging into similar one-stop offerings.
"Airwallex initially focused on cross-border payments, but, like its competitors, the fintech has gradually increased its product offerings, growing into a one-stop shop for enterprise finance. The company's payments vertical only accounts for 30% of its revenue, Zhang told in November. Today, Airwallex and its competitors are increasingly coming to resemble each other."
#billing--invoicing #subscription-management #payments--checkout #fintech-competition #corporate-cards
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