Flywire Corporation, together with its subsidiaries, operates as a payment enablement and software company in the United States, Canada, and the United Kingdom, and internationally. Its payment platform and network, and vertical-specific software help clients to get paid and help their customers to pay. The company's platform facilitates payment flows across multiple currencies, payment types, and payment options; and provides direct connections to alternative payment methods, such as Alipay, Boleto, PayPal/Venmo, and Trustly. It serves education, healthcare, travel, and business to business organizations. Flywire Corporation was formerly known as peerTransfer Corporation and changed its name to Flywire Corporation in December 2016. Flywire Corporation was incorporated in 2009 and is headquartered in Boston, Massachusetts.

Flywire Corporation

Simplee

WPM Education

Flywire Corporation (Nasdaq: FLYW) is a global payments enablement and software company. We combine our proprietary global payments network, next-gen payments platform and vertical-specific software - what we call our Flywire Advantage - to deliver the most important and complex payments for our clients and their customers.

Whether in education, healthcare, travel or technology, Flywire has vertical-specific insight and technology that allows organizations to optimize the payment experience for their customers while eliminating operational challenges—from invoicing to payment reconciliation. Around the clock multilingual support via phone, email, and chat, and online tracking, ensures that both the client and customer have complete control over their payments. 

Flywire supports over 3,700+ clients around the world with diverse payment methods in more than 140 currencies across 240 countries and territories. The company is headquartered in Boston and has offices around the globe. 

Flywire counts Goldman Sachs, Temasek, Bain Capital Ventures, Spark Capital, F-Prime, Whale Rock Capital Management, Marshall Wace LLP, and Sunley House Capital, Advent International among its investors.  

Temasek Holdings

Tiger Management Corporation

Marshall Wace

Adage Capital Management

Advent International

Whale Rock Capital Management

Goldman Sachs

Spark Capital

Sunley House Capital Management

Flywire

JCB is proud to be partnering with Flywire to offer JCB cardmembers a special discount as an incentive to use Flywire's secure and streamlined way to make tuition and educational payments.

#JCBCard #Flywire #Globalpayments #education #tuition #internationalstudents #crossborderpayments 

As part of our full year and Q4 2023 earnings, Flywire delivered continued growth throughout the business, adding more than 700 new clients across all verticals and moving more than $24 billion dollars through our global payment network in 2023. Full details: https://lnkd.in/eF3GuYYF #flywire #payments #earnings #fintech 

Empowering students, enhancing efficiency: insights from a recent webinar on revolutionizing #HigherEd affordability. 💡 Learn how proactive collection strategies are reshaping the financial landscape for both students and institutions.  https://bit.ly/42SbPNP #FlywireEDU #affordability #collections 

Thrilled to share our insights from the HealthLeaders Revenue Cycle Exchange. The challenges in healthcare revenue cycle management are real, but so are the solutions. Here are three key takeaways: https://bit.ly/3T0TycO #healthcare #revenuecycle 

Last week we hosted an executive soirée with Flywire and Xetta in Malaysia 🇲🇾 We are thrilled about this meaningful partnership to help shape the landscape of the education market in Malaysia. #FlywireEDU #malaysia #partnership 

	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23
revenue	94.92M -	131.78M 38.84%	201.15M 52.64%	289.38M 43.86%	403.09M 39.30%
cost of revenue	36.73M -	47.80M 30.17%	70.19M 46.83%	107.93M 53.77%	147.34M 36.51%
gross profit	58.19M -	83.98M 44.31%	130.96M 55.94%	181.44M 38.55%	255.75M 40.96%
selling and marketing expenses	26.61M -	32.61M 22.57%	51.30M 57.29%	78.46M 52.94%	107.62M 37.17%
general and administrative expenses	34.03M -	42.68M 25.40%	61.62M 44.38%	82.95M 34.61%	107.62M 29.75%
selling general and administrative expenses	60.64M -	75.29M 24.16%	112.92M 49.98%	161.41M 42.94%	215.25M 33.36%
research and development expenses	15.01M -	24.50M 63.25%	31.30M 27.73%	50.26M 60.59%	62.03M 23.42%
other expenses	477K -	697K 46.12%	109K 84.36%	-5.93M 5,538.53%	4.19M 170.66%
cost and expenses	112.38M -	147.60M 31.34%	214.41M 45.26%	319.60M 49.06%	424.61M 32.86%
operating expenses	75.65M -	99.79M 31.92%	144.22M 44.51%	211.66M 46.77%	277.27M 31.00%
interest expense	2.46M -	2.53M 3.01%	2.02M 20.21%	1.21M 40.08%	372K 69.28%
ebitda	-13.25M -	-8.32M 37.18%	-4.15M 50.14%	-23.84M 474.55%	11.78M 149.42%
operating income	-17.46M -	-15.81M 9.41%	-13.26M 16.17%	-30.22M 127.96%	-21.52M 28.80%
depreciation and amortization	4.21M -	7.49M 78.06%	9.11M 21.57%	6.38M 29.99%	15.76M 147.24%
total other income expenses net	-2.11M -	-2.46M 16.69%	-12.67M 414.83%	-7.14M 43.65%	4.19M 158.68%
income before tax	-19.57M -	-18.28M 6.59%	-25.93M 41.86%	-37.36M 44.09%	-4.35M 88.35%
income tax expense	550K -	-7.17M 1,403.45%	2.03M 128.34%	1.99M 2.17%	4.21M 111.97%
net income	-20.12M -	-11.11M 44.79%	-27.96M 151.72%	-39.35M 40.73%	-8.57M 78.23%
weighted average shs out	101.11M -	101.11M 0%	106.44M 5.28%	107.94M 1.40%	114.83M 6.39%
weighted average shs out dil	101.11M -	101.11M 0%	106.44M 5.28%	107.94M 1.40%	114.83M 6.39%
eps	-0.20 -	-0.11 45%	-0.26 136.36%	-0.36 38.46%	-0.07 79.28%
epsdiluted	-0.20 -	-0.11 45%	-0.26 136.36%	-0.36 38.46%	-0.07 79.28%

NASDAQ:FLYW

Flywire Corporation

Last Close

16.86

16/05 15:59

Market Cap

2.55B

Beta: -

Volume Today

282.52K

Avg: 721.62K

PE Ratio

−228.22

PFCF: 55.32