{"id":98,"date":"2026-05-27T12:10:57","date_gmt":"2026-05-27T12:10:57","guid":{"rendered":"https:\/\/crosscountrymovingteams.com\/?p=98"},"modified":"2026-05-27T12:10:57","modified_gmt":"2026-05-27T12:10:57","slug":"exclusive-airwallex-launches-billing-product-as-8-billion-fintech-continues-to-compete-with-rival-stripe","status":"publish","type":"post","link":"https:\/\/crosscountrymovingteams.com\/?p=98","title":{"rendered":"Exclusive: Airwallex launches billing product as $8 billion fintech continues to compete with rival Stripe"},"content":{"rendered":"<div>\n<p>The new product suite is at no added cost for current customers and included in the company\u2019s existing pricing plans, Shannon Scott, chief product officer of Airwallex, told <em>Fortune<\/em>. \u201cIf you have customers all around the world, it\u2019s very easy to get paid by those customers,\u201d he added.\u00a0<\/p>\n<p>Read more <a href=\"https:\/\/crosscountrymovingteams.com\/?p=96\">Trendingnow<\/a><\/p>\n<p>Airwallex\u2019s billing features add to the fintech\u2019s existing suite of products, which include checkout, payments, and corporate cards. The firm\u2019s new offering also puts it even more squarely in competition with Stripe, which has had its own billing business for almost 10 years.<\/p>\n<div>\n<div>\n<div><\/div>\n<\/div>\n<\/div>\n<p>\u201cAs we expand as a business, we\u2019re obviously going to start to come up against a number of different players internationally,\u201d said Scott.<\/p>\n<h2>Fintechs converge<\/h2>\n<p>Although Stripe has seen its valuation balloon from $91.5 billion announced in 2025 to $159 billion in February, its recent rise has come amid increasing competition. Those upstarts include the corporate card contender Ramp, which is raising funds at a $40 billion valuation, according to the <em>Wall Street Journal<\/em>. And they also comprise Airwallex, cofounded in Melbourne, Australia, by CEO Jack Zhang.<\/p>\n<p>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\u2019s payments vertical only accounts for 30% of its revenue, Zhang told <em>Fortune<\/em> in November.\u00a0\u00a0<\/p>\n<p>Read more <a href=\"https:\/\/crosscountrymovingteams.com\/?p=94\">Trendingnow<\/a><\/p>\n<p>Today, Airwallex and its competitors are increasingly coming to resemble each other. \u201cI think both companies like Airwallex and Stripe originated from different places, but are sort of converging as these sort of fintech players start to grow and expand,\u201d said Scott.<\/p>\n<div>\n<div><\/div>\n<\/div>\n<p>Scott said Airwallex\u2019s edge is its international breadth. The company is now headquartered in both Singapore and San Francisco, and the fintech has only recently started to accelerate its push into North America and Europe, markets that Stripe and Ramp have historically dominated.\u00a0<\/p>\n<p>Still, Scott believes that it\u2019s not a zero-sum game. \u201cThere\u2019s still a huge amount of white space,\u201d he said, \u201cgiven that a lot of customers are served by more traditional players.\u201d\u00a0<\/p>\n<p>Read more <a href=\"https:\/\/crosscountrymovingteams.com\/?p=90\">Trendingnow<\/a><\/p>\n<div>\n<div>\n<div><\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The new product will help companies generate invoices and bill customers for how much they\u2019ve used a software developer\u2019s platform.<\/p>\n","protected":false},"author":1,"featured_media":97,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[33],"tags":[],"class_list":["post-98","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fintech"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - 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