About Flywire
Flywire is a company based in Boston (United States) founded in 2009. It operates as a API-as-a-Product, B2B2C, and Commission-Based. Flywire has raised $283.35 million across 12 funding rounds from investors including Goldman Sachs, Accel and Marshall Wace. The company has 1,250 employees as of December 31, 2024. Flywire has completed 7 acquisitions, including Cohort Go, Flywire and Invoiced. Flywire offers products and services including Global Payments Platform, Vertical-Specific Software, and Global Payment Network. Flywire operates in a competitive market with competitors including Tipalti, Payoneer, Ebury, Airwallex and Rapyd, among others.
- Headquarter Boston, United States
- Employees 1250 as on 31 Dec, 2024
- Stage Public
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
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Social
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- Legal Name Flywire Corporation - Voting
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Annual Revenue
$492.14 M22.09as on Dec 31, 2024
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Net Profit
$2.9 M133.84as on Dec 31, 2024
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EBITDA
$12.9 M4626.32as on Dec 31, 2024
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Total Equity Funding
$283.35 M (USD)
in 12 rounds
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Latest Funding Round
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Investors
Goldman Sachs
& 25 more
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Employee Count
1250
as on Dec 31, 2024
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Investments & Acquisitions
Cohort Go
& 6 more
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IPO & Listings of Flywire
Flywire is a publicly listed company on the NASDAQ with ticker symbol FLYW in USA, operating in the Commercial services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Flywire
Flywire offers a comprehensive portfolio of products and services, including Global Payments Platform, Vertical-Specific Software, and Global Payment Network. 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.
Payments are processed globally across multiple currencies efficiently.
Software is tailored for specific industry payment needs.
Network enables payments in over 240 countries worldwide.
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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 $283.35M across 12 strategic funding rounds. 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 12
- Last Round Last Round
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First Round
First Round
(28 Oct 2010)
- Investors Count 26
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2021 | Amount | Series E - Flywire | Valuation | Whale Rock Capital Management , Marshall Wace | |
| Feb, 2020 | Amount | Series E - Flywire | Valuation | Goldman Sachs | |
| Jul, 2018 | Amount | Series D - Flywire | Valuation | Temasek |
| 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 |
Investors in Flywire
Flywire has secured backing from 26 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Goldman Sachs, Accel and Marshall Wace. 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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Long-short equity strategies are managed through specialized hedge funds.
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Founded Year | Domain | Location | |
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Private equity firm focused on multiple sectors
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Founded Year | Domain | Location | |
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Spark Capital is engaged in venture capital investments.
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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
Flywire has strategically engaged in corporate development activities, having acquired 7 companies. Notable acquisitions include Cohort Go, Flywire and Invoiced. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Geopolymer injections are applied for stabilizing sinking buildings and foundations.
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2016 | ||||
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Multi-currency invoicing and payment processing are facilitated.
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2016 | ||||
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Accounts receivable automation solutions are provided for businesses.
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2012 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
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 Tipalti, Payoneer, Ebury, Airwallex and Rapyd, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based procurement and invoice management solutions are offered to businesses.
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| domain | founded_year | HQ Location |
Cross-border payments are enabled for businesses via diverse payout methods.
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| domain | founded_year | HQ Location |
Forex risk management and payment solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Cross-border payments are processed for businesses via tools and APIs.
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| domain | founded_year | HQ Location |
Global payment solutions are provided by Rapyd to businesses worldwide.
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| domain | founded_year | HQ Location |
Cloud-based payment solutions are provided for cross-border transactions.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
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 2009 and raised its 1st funding round 1 year after it was founded.
Where is Flywire located?
Flywire is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Is Flywire a funded company?
Flywire is a funded company, having raised a total of $283.35M across 12 funding rounds to date. The company's 1st funding round was a Series D of $100M, raised on Oct 28, 2010.
How many employees does Flywire have?
As of Dec 31, 2024, the latest employee count at Flywire is 1,250.
What is the annual revenue of Flywire?
Annual revenue of Flywire is $492.14M as on Dec 31, 2024.
What does Flywire do?
Flywire is established as a leader in global payments and software solutions. A next-gen payments platform is provided, alongside a proprietary global payment network and vertical-specific software. Services are tailored for industries such as education, travel, healthcare, and B2B sectors. Cross-border payments are facilitated in over 240 countries and territories, supporting over 140 currencies. Integration with existing workflows is emphasized, ensuring seamless payment reconciliation and secure transactions. First-class customer support is offered to enhance client experience across diverse markets.
Who are the top competitors of Flywire?
What products or services does Flywire offer?
Flywire offers Global Payments Platform, Vertical-Specific Software, and Global Payment Network.
Is Flywire publicly traded?
Yes, Flywire is publicly traded on NASDAQ under the ticker symbol FLYW.
How many acquisitions has Flywire made?
Who are Flywire's investors?
Flywire has 26 investors. Key investors include Goldman Sachs, Accel, Marshall Wace, Temasek, and Kibo Ventures.
What is Flywire's ticker symbol?
The ticker symbol of Flywire is FLYW on NASDAQ.
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