About Flywire
Flywire is a Healthcare company based in Palo Alto (United States) founded in 2010, and was acquired by Flywire in February 2020. Healthcare payments are managed via an enterprise cloud platform. It operates on a SaaS (Software-as-a-Service) and B2B2C model in Healthcare and Financial Services sectors. Flywire has raised $39.53 million across 4 funding rounds from investors including Flywire, Social Capital and 83NORTH. Flywire offers products and services including Next-Gen Payments Platform, Global Payment Network, and Vertical-Specific Software. Its focus areas include Technology, Financial Technology, Payment Processing and Services. Its legal entity is Flywire Corporation. Its competitors include Greenphire, Zelis Healthcare and Cedar; 2 of its 3 listed competitors have raised funding.
Company details
Flywire is established as a leader in global payments and software solutions. A next-gen payments platform is provided to handle complex payment flows across multiple currencies and regions. A proprietary global payment network is operated, enabling transactions in over 240 countries and territories. Vertical-specific software is offered, tailored to industries such as education, travel, healthcare, and B2B sectors. Seamless integrations with client workflows are supported, alongside tools for payment management and customer communication. Secure transactions and first-class customer support are ensured for all clients.
Products & Services of Flywire
Flywire offers a comprehensive portfolio of products and services, including Next-Gen Payments Platform, Global Payment Network, and Vertical-Specific Software.
Global payment flows are powered across multiple currencies.
Payments are accepted in over 240 countries worldwide.
Scalable software is tailored to specific industry needs.
Funding Insights of Flywire
Flywire has successfully raised a total of $39.53M across 4 strategic funding rounds. The most recent funding activity was a Series C round of $20 million completed in May 2016. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $39.53M
- Total Rounds 4
- Last Round Series C — $20M
- First Round $1.8M
(Jun 2010)
- Investors Count 4
All 4 funding rounds of Flywire with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2016 | $20M | Series C | – | Social Capital | |
| Sep 2013 | $10M | Series B | – | Heritage Group | |
| Jun 2012 | $7.73M | Series A | – | Social Capital | |
| Jun 2010 | $1.8M | Seed | – | – |
5 investors in total: 5 institutional.
Investors in Flywire
Flywire has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include Flywire, Social Capital and 83NORTH.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Tech-focused, stage-agnostic venture capital is provided by 83NORTH. | 83north.com | London, United Kingdom | ||
Multi-stage tech and life sciences focused venture capital firm investing primarily in the US | heritagegroupusa.com | Nashville, United States | ||
US focused VC firm investing in seed & growth stage companies | 2011 | socialcapital.com | Menlo Park, United States | |
Venture capital investments are directed toward multiple sectors. | americanexpress.com/us/business/american-express-ventures | New York, United States | ||
Flywire is recognized as a global payments and software expert. | 2009 | flywire.com | Boston, United States |
Investor details for Flywire
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Flywire
445 people are tracked at Flywire (113 in leadership, 7 in board & advisors, 325 in team).
| Name | Role | Group |
|---|---|---|
Rob Orgel | President & COO | Leadership |
David King | Chief Technology Officer | Leadership |
Mike Massaro | CEO & Board Member | Leadership |
Peter Butterfield | Chief Legal & Compliance Officer & General Counsel | Leadership |
Pedro J. Pardo | Payment Operations, Pay-ins Director | Leadership |
Aimee Schumaker | Head Of Partnerships, B2b | Leadership |
Sarah King | VP of Corporate Marketing | Leadership |
Lorraine L. | Senior Director Of Marketing For Apac, Agents And Consumers | Leadership |
Becky Laudeman | Vice President, Fp&a | Leadership |
Cosmin Pitigoi | CFO | Leadership |
Matt Teumer | Vice President, Strategic Sales, Insurance & B2b | Leadership |
Ester Sellens | Director, Accounting | Leadership |
Bonnie Galvin (Suttmeier) | VP Of Tax | Leadership |
Jp Kelly | Head Of Insurance | Leadership |
Chris McCracken | Regional Vice President, B2b Sales | Leadership |
Marybeth Dixon | Director, Financial Systems | Leadership |
Trip Caulfield | Director Of Finance | Leadership |
Annie Galvin | Director, Partnerships | Leadership |
Allison MacLeod | CMO | Leadership |
Masha Kahn | Vp, Investor Relations | Leadership |
425 more people are available in the full profile.
Complete people profiles for Flywire
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of Flywire
4 dated milestones of Flywire across 10 years, from founding to its latest funding, stage changes and deals.
- Founded Flywire is founded.
- Funding First funding round of $1.8M.
- Funding Latest funding round, Series C, of $20.0M.
- Exit Acquired by Flywire.
Competitors of Flywire
Flywire has 3 listed competitors in our database, 2 of them funded. They include Greenphire, Zelis Healthcare and Cedar.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| greenphire.com | 2007 | King Of Prussia, United States | $5.81M | 259 | Clinical payment technology for patient transactions in research is provided. | |
| zelis.com | 1995 | Boston, United States | 2,336 | Digital solutions to modernize the healthcare financial experience for payers, providers, and members | ||
| cedar.com | 2016 | New York, United States | $351M | Cloud-based payment solutions are provided for healthcare billing and analytics. |
Detailed competitors of Flywire
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Web traffic of Flywire
Websites that share an audience with Flywire (simplee.com).
Websites whose visitors overlap most with Flywire. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
horizon-bcbsnj.com | horizon-bcbsnj.com | 100% | #3,769,099 | – | |
| castlighthealth.com | 91% | 160.6K | #159,056 | View details | |
| techcrunch.com | 44% | 8.3M | #10,239 | View details | |
| cakehealth.com | 42% | View details | |||
bcbst.com | bcbst.com | 40% | #43,583 | – |
Top companies in Clinical IT & Data Platforms
3 companies that operate in the same segment as Flywire (Clinical IT & Data Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Employee health benefits are facilitated via a cloud-based platform. | 2007 | Plymouth Meeting, Pennsylvania, United States | USD 228.3 M | |||
Healthcare appointments are booked online via Zocdoc's platform. | 2007 | New York, New York, United States | USD 425.97 M | USD 4.66 M | 1,365 | |
Virtual physical therapy and digital pain care solutions are provided. | 2015 | San Francisco, California, United States | USD 854.44 M | 1,746 |
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Related news about Flywire
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Frequently Asked Questions about Flywire
Flywire was founded in 2010.
Flywire is headquartered in Palo Alto, United States. It is registered at Palo Alto, California, United States.
Flywire is a funded company, having raised a total of $39.53M across 4 funding rounds to date. The company's 1st funding round was a Seed of $1.8M, raised on Jun 2010.
Flywire is established as a leader in global payments and software solutions. A next-gen payments platform is provided to handle complex payment flows across multiple currencies and regions. A proprietary global payment network is operated, enabling transactions in over 240 countries and territories. Vertical-specific software is offered, tailored to industries such as education, travel, healthcare, and B2B sectors. Seamless integrations with client workflows are supported, alongside tools for payment management and customer communication. Secure transactions and first-class customer support are ensured for all clients.
Flywire's top competitors include Greenphire, Cedar and Zelis Healthcare.
Flywire offers Next-Gen Payments Platform, Global Payment Network, and Vertical-Specific Software.
Flywire has 5 investors. Key investors include Flywire, Social Capital, 83NORTH, Heritage Group, and American Express Ventures.
Flywire operates through Flywire Corporation.
Yes. Flywire was acquired by Flywire in February 2020.