About Flywire
Flywire is a company based in Palo Alto (United States) founded in 2010 was acquired by Flywire in February 2020. It operates as a SaaS (Software-as-a-Service), and B2B2C. 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. Flywire operates in a competitive market with competitors including Greenphire, Zelis Healthcare, Cedar, PayZen and RevSpring, among others.
- Headquarter Palo Alto, United States
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Sectors
HealthcareFinancial Services
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Phone
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Website
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Social
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- Legal Name Flywire Corporation
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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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Global payment flows are powered across multiple currencies.
Payments are accepted in over 240 countries worldwide.
Scalable software is tailored to specific industry needs.
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Software Development Team
125 people
Sales and Marketing
60 people
Leadership Team
54 people
Senior Team
51 people
Operations Team
21 people
Finance and Accounting
19 people
Legal and Compliance
17 people
Product Management Team
14 people
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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 Total Funding
- Total Rounds 4
- Last Round Series C — $20.0M
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First Round
First Round
(01 Jun 2010)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2016 | Amount | Series C - Flywire | Valuation | Social Capital | |
| Sep, 2013 | Amount | Series B - Flywire | Valuation | Heritage Group | |
| Jun, 2012 | Amount | Series A - Flywire | Valuation | Social Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Tech-focused, stage-agnostic venture capital is provided by 83NORTH.
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Founded Year | Domain | Location | |
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Multi-stage tech and life sciences focused venture capital firm investing primarily in the US
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Founded Year | Domain | Location | |
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US focused VC firm investing in seed & growth stage companies
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Flywire
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Flywire
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Flywire Comparisons
Competitors of Flywire
Flywire operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Greenphire, Zelis Healthcare, Cedar, PayZen and RevSpring, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Clinical payment technology for patient transactions in research is provided.
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Digital solutions to modernize the healthcare financial experience for payers, providers, and members
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| domain | founded_year | HQ Location |
Cloud-based payment solutions are provided for healthcare billing and analytics.
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AI medical billing software for healthcare professionals and organizations
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| domain | founded_year | HQ Location |
Revenue cycle management platform for healthcare centers is offered.
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| domain | founded_year | HQ Location |
Sales payment solutions are provided for businesses and customers.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Flywire
Frequently Asked Questions about Flywire
When was Flywire founded?
Flywire was founded in 2010.
Where is Flywire located?
Flywire is headquartered in Palo Alto, United States. It is registered at Palo Alto, California, United States.
Is Flywire a funded company?
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 Series A of $7.73M, raised on Jun 01, 2010.
What does Flywire do?
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.
Who are the top competitors of Flywire?
Flywire's top competitors include Greenphire, Cedar and PayZen.
What products or services does Flywire offer?
Flywire offers Next-Gen Payments Platform, Global Payment Network, and Vertical-Specific Software.
Who are Flywire's investors?
Flywire has 5 investors. Key investors include Flywire, Social Capital, 83NORTH, Heritage Group, and American Express Ventures.
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