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 M (USD)22.09as on Dec 31, 2024
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Net Profit
$2.9 M (USD)133.84as on Dec 31, 2024
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EBITDA
$12.9 M (USD)4626.32as 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
Not available
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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.
Payments are processed globally across multiple currencies efficiently.
Software is tailored for specific industry payment needs.
Network enables payments in over 240 countries worldwide.
People of Flywire
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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.
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.
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Long-short equity strategies are managed through specialized hedge funds.
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Private equity firm focused on multiple sectors
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Spark Capital is engaged in venture capital investments.
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Investor details for Flywire
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
- Funding rounds
- Participation history
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Flywire
Flywire has strategically engaged in corporate development activities, having acquired 7 companies. Notable acquisitions include Cohort Go, Flywire and Invoiced.
Investment portfolio details for Flywire
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
| 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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Multi-currency invoicing and payment processing are facilitated.
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Accounts receivable automation solutions are provided for businesses.
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Locked | Locked | 2012 | Locked |
Complete acquisition details for Flywire
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- Transaction dates
- Acquired stakes
- Disclosed values
- Domains and locations
Verified entity values are shown only after access is granted.
Financial Statements - Flywire
Detailed financials for Flywire
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- Historical revenue
- Profit trends
- Statement rows
- Financial ratios
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Flywire Comparisons
Peer comparison for Flywire
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- Named peers
- Headcount comparison
- Funding comparison
- Operating benchmarks
Verified entity values are shown only after access is granted.
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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Cloud-based procurement and invoice management solutions are offered to businesses.
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Cross-border payments are enabled for businesses via diverse payout methods.
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Forex risk management and payment solutions are provided for businesses.
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Cross-border payments are processed for businesses via tools and APIs.
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Global payment solutions are provided by Rapyd to businesses worldwide.
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Cloud-based payment solutions are provided for cross-border transactions.
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Detailed competitors of Flywire
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
- Domains and locations
- Full company profiles
- Operating metrics
- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on Flywire
Complete news archive for Flywire
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Flywire
Flywire was founded in 2009 and raised its 1st funding round 1 year after it was founded.
Flywire is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Flywire is a funded company, having raised a total of $283.35M across 12 funding rounds to date.
As of Dec 31, 2024, the latest employee count at Flywire is 1,250.
Annual revenue of Flywire is $492.14M as on Dec 31, 2024.
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.
Flywire offers Global Payments Platform, Vertical-Specific Software, and Global Payment Network.
Yes, Flywire is publicly traded on NASDAQ under the ticker symbol FLYW.
Flywire has 26 investors. Key investors include Goldman Sachs, Accel, Marshall Wace, Temasek, and Kibo Ventures.
The ticker symbol of Flywire is FLYW on NASDAQ.