NexPay

What NexPay does

NexPay is a regulated cross-border payment platform purpose-built for international education, founded in 2011 and headquartered in Sydney, Australia. The company enables families, education agents, schools, and universities to move tuition, accommodation, and ancillary fee payments across 82+ countries using local payment methods (PIX, Boleto, SPEI, Webpay, PSE, OXXO, Redcompra, PayTo, PayID) and supported by banking partners including Bancolombia, BICE, BBVA, Santander, EBANX, dLocal, and others. NexPay holds active licenses across three jurisdictions — AFSL 560782 and AUSTRAC registration in Australia, FCA Authorised Payment Institution status (FRN 792784) in the UK, and FINTRAC MSB plus Bank of Canada PSP registration in Canada — and operates seven offices with native-language account managers in Portuguese, Spanish, and English.

The underlying technology combines a regulated cross-border payment engine with FX rate locking at confirmation, an AI-assisted reconciliation fallback for unstructured payments, and a Qualy partnership that adds domestic-side automation including 100% automatic bank reconciliation, commission payouts in under 10 seconds, and automated overdue chasing. Developer and AI-assistant access is provided through a REST API (average 2-week integration), a public FX rate endpoint, a Zapier integration reaching 7,000+ apps, and an MCP server enabling Claude, ChatGPT, and other AI assistants to interact with NexPay data natively.

NexPay generates revenue primarily through FX margins embedded in the quoted exchange rate and per-transaction payment processing fees, supplemented by the Qualy automation partnership. Distribution combines enterprise field sales with named account managers in each corridor, a self-serve web platform for students and parents in multiple languages, and ecosystem integrations via API, Zapier, and MCP. The customer base of 4,000+ education partners is distributed across education agents, schools and universities, students and parents, and student accommodation providers, with no publicly disclosed revenue or ARR figures.

Name

NexPay

Legal name

NexPay Pty Ltd

Website

https://nexpay.com.au

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

11–50 employees

Short description

NexPay is a regulated cross-border payment platform for international education, enabling families, education agents, schools, and universities to move tuition and fee payments across 82+ countries using local payment rails and licensed entities in Australia, the UK, and Canada.

Ownership category

akta.pro rank

Product category

Cross-Border Education Payments

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

akta.pro primary industry

Cross-Border & FX Payments Platforms (BPAMAFAK)

akta.pro secondary industries

Cross-Border Payments Clearing (International Wires & FX Settlement) (FSABAJAC), Cross-border Payments, FX & Multi-currency Checkout (CRAFAJAF)

Keywords

• Cross-border tuition payments
• International education payments
• FX remittance services
• Education agent commissions
• School payment reconciliation

Headquarters

HQ city

Sydney

HQ country

Australia

HQ region

Oceania

Offices7 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Infrastructure, Marketing or Sales

Revenue model

1. Foreign Exchange (FX) Margins: NexPay earns revenue through FX margins built into the exchange rate offered to customers. The rate shown to customers includes fees, with no hidden costs added after confirmation. Rate is locked at moment of confirmation.
2. Payment Processing Fees: Fees charged for processing international tuition payments across supported corridors. The platform processes payments from sending countries to receiving institutions in local currencies.
3. Automation Platform Services (via Qualy): Qualy provides the domestic payment automation platform handling collection, reconciliation, commission payouts, and overdue chasing. This is a partnership model where Qualy handles the domestic automation layer.

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels8 records

Core offering

NexPay is a regulated cross-border payment platform purpose-built for international education. It enables tuition, accommodation, and school-fee payments between families, education agents, schools, and universities across 82+ countries using local payment rails and 14+ send currencies. The platform pairs the cross-border leg with Qualy for domestic collection, automatic reconciliation, and instant commission payouts.

Product overview

NexPay is a cross-border payment platform built specifically for international education, operating as a unified platform with multiple integrated modules. The core NexPay platform handles cross-border payments between families, education agents, schools, and universities across 82+ countries, with dedicated portals for agents, schools, universities, and students/parents. It integrates with Qualy (a separate automation partner) for domestic payment collection, recurring installments, and automated reconciliation. Developer access is provided via a REST API, an MCP server for AI assistants (Claude/ChatGPT), and a public FX rate endpoint. The platform supports local payment rails (PIX, SPEI, Webpay, PSE, OXXO, Redcompra) and local currencies (BRL, COP, MXN, CLP, INR, VND, USD, EUR, AUD, GBP, CAD, NZD), with human account management in local languages across 7 offices.

Differentiator

Problem solved

Functional benefit

Products and services

• NexPay Platform (Core) Cross-border payment platform that enables tuition, accommodation, and school-fee payments between families, education agents, schools, and universities across 82+ countries, with real-time tracking, automatic commission splits, multi-currency support, and local payment methods.
• NexPay REST API Programmatic REST API providing access to payments, students, payees, and payers, with Bearer-token authentication, webhooks, sandbox mode, and OpenAPI specification. Includes payment intent creation, reconciliation automation, revenue reporting, CRM syncing, and an embedded exchange-rate endpoint.
• NexPay MCP Server (Claude & ChatGPT) Model Context Protocol server that lets Claude, ChatGPT, and other MCP-aware AI assistants access NexPay student data, quotes, payments, and reference data directly without SDK or glue code.
• NexPay × Qualy Integrated Experience Unified domestic-plus-cross-border workflow for international education payments, combining Qualy multi-method tuition collection, recurring installments, 100% automatic bank reconciliation, instant commission payouts, and automated overdue chasing with NexPay's regulated cross-border leg.

Quantifiable outcome

• Average payment processing time: 90 seconds
• +5 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

AI capability2 records

Feature10 records

Partnerships

14 partnerships are on record, tiered core and supporting.

• QualycoreStrategic or Co-development Partner · 2 June 2026Qualy is NexPay's automation partner for international education payments. Qualy handles the domestic side: multi-method tuition collection (PIX, Boleto, PayTo, PayID, cards), 100% automatic bank reconciliation, instant commission payouts (under 10 seconds), and automated overdue payment chasing. NexPay handles the regulated cross-border leg. The partnership provides integrated domestic + cross-border payment experience for schools, agents, and families. Qualy has its own customer base (GoStudy, Universal English College, EasyOz, Site Institute, Youtoo) and operates across Estonia, Australia, and Brazil.
• ZapiersupportingTechnology or IntegrationZapier integration enables NexPay customers to automate workflows without code. Triggers payments from CRM events, syncs payment data to accounting software (Xero), spreadsheets (Google Sheets), team chat (Slack), and 7,000+ other apps. Enables non-technical teams to build automations.
• Qualy (MCP Integration)supportingTechnology or IntegrationMCP server enables Claude, ChatGPT, and MCP-aware AI assistants to access NexPay data (students, quotes, payments, reference data) directly through AI conversations without SDK integration or glue code.
• BBVAsupportingTechnology or IntegrationBanking partner for Mexico operations providing banking services and cross-border settlement infrastructure.
• SantandersupportingTechnology or IntegrationBanking partner for Mexico operations providing settlement and banking services.
• EBANXsupportingTechnology or IntegrationLATAM local payment rails and settlement provider supporting NexPay's cross-border payment infrastructure in the region.
• dLocalsupportingTechnology or IntegrationLATAM cross-border payments provider enabling NexPay to process payments across multiple Latin American markets.
• BancolombiasupportingTechnology or IntegrationPrimary banking partner for Colombia operations, providing local banking rails and settlement infrastructure.
• Banco de BogotásupportingTechnology or IntegrationBanking partner for Colombia operations providing local rails and settlement services.
• BICE (Banco de Chile)supportingTechnology or IntegrationBanking partner for Chile operations providing local banking rails and settlement infrastructure.
• English AustraliasupportingOthersIndustry association for English language schools in Australia. Partnership provides credibility and referral channel within the education sector.
• IEAAsupportingOthersInternational Education Association of Australia. Partnership provides industry recognition and networking within the international education sector.
• AMTEsupportingOthersAustralian Music Teachers Exchange. Partnership supports credibility in the education sector.
• BELTAsupportingOthersBrazilian English Language Teachers Association. Partnership supports LATAM market presence and credibility.

Scale indicators15 records

Recent moves6 records

Expansion highlights3 records

Direct peers

• Flywire: Flywire is the category-leading vertical payments platform for international education, processing ~$10B+ annually across tuition, housing, and student-related fees with multi-currency support and institution-side portals. Most direct competitor to NexPay in education payments with similar institutional focus and global corridors.
• Convera: Convera (formerly Western Union Business Solutions) specializes in cross-border B2B payments for education, immigration, and tuition use cases. Operates regulated entities globally with FX/multi-currency offerings directly addressing the same corridors (LATAM→ANZ/UK/North America) as NexPay.
• TransferMate: TransferMate is an education-focused cross-border payments platform serving universities and language schools globally with local banking rails and FX. Direct competitor targeting the same institutional pain points (reconciliation, commission splits, multi-currency collection) with regulatory presence in multiple jurisdictions.
• OFX (OzForex): OFX is an Australian-headquartered FX and international payments specialist, publicly listed (ASX: OFX), serving both consumer and business corridors including education. Strong ANZ distribution and regulated in multiple jurisdictions, making it a regional anchor against NexPay.

Broad incumbents

• Western Union: Western Union operates the world's largest cross-border retail remittance network and consumer cross-border payments business. Broad incumbent with adjacent capability in education payments via WU Business Solutions / Convera spinoff, but competes broadly across remittance and consumer FX rather than specializing in education.
• Wise: Wise (formerly TransferWise) operates a global multi-currency cross-border payments platform with strong consumer/SMB FX coverage. Broad incumbent pushing into B2B/education corridors; competes with NexPay on transparency of FX and speed, though less education-specific vertical depth.

Emerging players

• dLocal: dLocal is a LATAM-focused cross-border payments infrastructure provider enabling global merchants to accept local payment methods in emerging markets. Partner to NexPay in Mexico but also competes at the infrastructure/rails layer across overlapping corridors.
• EBANX: EBANX is a LATAM cross-border payments specialist enabling global merchants and platforms to accept local payment methods across Brazil, Mexico, Argentina, Chile, and Colombia. Partner to NexPay in Mexico; competes at the LATAM corridor layer for emerging-market payments.
• RemitBee: RemitBee is a Canada-headquartered cross-border remittance and education payments platform focused on India→Canada and Philippines→Canada corridors. Specialized competitor with narrower corridor focus but overlapping institutional tuition-payment use case.
• PayMyTuition: PayMyTuition is a vertical SaaS for international tuition payment processing targeting higher education institutions in North America, UK, and Australia. Educational-payments specialist with similar institutional focus and multi-currency capability.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/NexPayAU
• LinkedInau.linkedin.com/company/nexpay
• Instagraminstagram.com/nexpayau
• Xx.com/NexPay

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries2 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about NexPay