Airwallex Billing vs Lago
Airwallex Billing
airwallex.com
Lago
getlago.comSide by side
| Figure | Airwallex Billing | Lago |
|---|---|---|
| Price from | $12/mo | Free |
| Free plan | Yes | Yes |
| Free trial | — | — |
| Open source | — | Yes |
| Web | Yes | Yes |
| iOS | Yes | — |
| Android | Yes | — |
| API | Yes | Yes |
| Self-hosted | — | Yes |
| Plans published | 8 | 5 |
| Spec score · Dunning Management Software | 9.4 (#1) | 8.5 (#13) |
| Funding news | A December 8, 2025 newsroom release announced a $330 million Series G at an $8 billion valuation and planned more than $1 billion of U.S. investment through 2029. | Lago announced on March 14, 2024 that it had raised $22 million led by FirstMark, with participation from Y Combinator, New Wave and Script. |
| Invoicing | Users can issue one-time or recurring invoices, send digital payment links, automatically charge saved methods or record out-of-band payments. | Lago generates invoices, manages invoices, supports credit notes, invoice previews and receipts. |
| Rating on Capterra | 3.9 out of 5 from 15 reviews | 0.0 out of 5 from 0 reviews. |
| Rating on G2 | 4.0 out of 5 from 56 reviews | 0.0 out of 5 from 0 reviews. |
| Rating on GetApp | 3.9 out of 5 from 15 reviews | 0 out of 5 from 0 reviews. |
| Rating on TrustRadius | 8.4 out of 10 from 10 reviews | 6 out of 10 from 1 review. |
| Security | Airwallex says it is PCI DSS Level 1 certified, SOC 2 Type II certified, encrypts data in transit and at rest, and requires two-factor authentication. | Lago states that it is SOC 2 Type II certified and undergoes regular third-party penetration tests. |
| Support | The pricing page lists help centre articles and FAQs, email support, dedicated account management, onboarding support, and custom API implementation under Support. | Lago Premium includes platform support, business-hours incident management, and implementation guidance; 24x7 incident management and an assigned solution engineer are listed as on-demand add-ons. |
| Usage metering | Usage events and meters aggregate consumption, while rate cards price combinations such as AI model and token type. | It ingests raw usage events, aggregates them and converts them into billable charges in real time. |
| What it does | Airwallex Billing combines invoicing, recurring subscriptions, usage billing and payment collection on its global payments infrastructure. | Lago is an open-source platform for usage-based, subscription, prepaid and hybrid billing that connects product usage and commercial terms to invoices. |
Plans
Airwallex Billing
- Subscription ManagementPriced on request
- Usage-based BillingPriced on request
- ExploreFree
- InvoicingFree
- Subscription Management$0.50, paid once
- Usage-based Billing$0.50, paid once
- Grow$12 a month
- AcceleratePriced on request
Lago
- Open sourceFree
- Open SourceFree
- Open-source self-hostedFree
- Lago PremiumPriced on request
- PremiumPriced on request
In their own words
Airwallex Billing
Airwallex Billing brings invoicing, subscriptions, and usage-based pricing together on a global payments platform. Businesses can bill in more than 130 currencies and collect through more than 160 global and local payment methods. Supported models include flat-fee, tiered, pay-as-you-go, and hybrid billing. The platform can send invoices, retry failed payments, issue reminders, and reconcile incoming payments with ERP and accounting software. Its tax automation calculates GST, VAT, and sales tax based on customer location and product category. Customers can manage products, pricing, invoices, and subscriptions in the web app or use APIs for custom integrations and workflows. Listed accounting integrations include Xero, QuickBooks, NetSuite, Microsoft Dynamics 365 Business Central, Odoo, and Sage. Airwallex says it is PCI DSS Level 1 and SOC 2 Type II certified, encrypts data in transit and at rest, and requires two-factor authentication. Invoicing is free. Usage-based Billing and Subscription Management each cost $0.50 transaction; Subscription Management supports free trials and pricing discounts. The company presents the service for global businesses from startups to enterprises.
Lago
Lago is an open-source billing platform that connects product usage and commercial terms with customer invoices. It supports usage-based, subscription, prepaid, and hybrid pricing, plus quotes, order forms, prepaid credits, entitlements, quotas, subscription and usage charges, and itemized invoices. For AI products, Lago can meter input, output, and cached tokens separately and assign usage to customers for billing. Applications can connect through a REST API, official JavaScript, Python, Ruby, and Go SDKs, or signed webhooks. Listed AI integrations include OpenAI, Anthropic, AWS Bedrock, Google Gemini, and Mistral; payment and finance integrations include Adyen, Stripe, NetSuite, and Xero. The Open source plan is free, licensed under AGPLv3 and self-hosted. Lago Premium is available as cloud or self-hosted deployment, including on-premises or in a VPC, but pricing is provided after contacting Lago. Lago states it is SOC 2 Type II certified and describes single sign-on, role-based access controls, and audit logs. Premium includes platform support, business-hours incident management, and implementation guidance.