Flywire provides cloud-based payment and receivables solutions tailored to high-value, cross-border transactions universities collecting tuition, hospitals processing patient payments, and travel companies handling international bookings. The platform centralizes invoicing, localized payment methods, FX management and reconciliations to reduce friction and payment failure rates. Flywire’s vertical focus (education, healthcare, travel) allows deep product features such as student payment plans, patient billing workflows, and supplier settlement mechanisms backed by compliance, reporting and multi-currency settlement capabilities.
What Is Flywire and What Does It Do?
Flywire, founded in 2009 by Iker Marcaide, is a Boston-based (United States) digital remittance and payments company that provides cloud software for cross-border payments and accounts receivable workflows.
The company employs 1,250 people and specializes in verticalized payment orchestration, localized collection methods, reconciliation automation and treasury connectivity.
Flywire’s platform reduces time-to-settlement and friction for institutions and their payers while improving cash flow visibility and compliance for enterprise finance teams.
How Much Funding Has Flywire Raised?
1. Series E (Feb 13, 2020)
- Amount Raised: $120M
- Date: February 13, 2020
- Lead Investors: Goldman Sachs, Adage Capital Management, Tiger Global (participants)
- Motivation: Accelerate product development and go-to-market in enterprise verticals.
2. Series D
- Amount Raised: $100M
- Date: July 26, 2018
- Lead Investors: Temasek, Bain Capital Ventures, F-Prime Capital
- Motivation: Expand payments infrastructure and vertical product features.
Total Funding Raised: $263 Million
Latest Funding Date: March 04, 2021
Key Investors
1. Goldman Sachs
- Details: Global investment bank participating in strategic fintech financings.
- Investment Focus Areas: Payments, fintech infrastructure.
- Notable Investments: Stripe (partnerships), Plaid (representative fintech activity).
2. Temasek
- Details: Sovereign investor backing global fintech and platform plays.
- Investment Focus Areas: Digital finance, payments, cross-border infrastructure.
- Notable Investments: Ant Group, Grab, Flywire.
Where Is Flywire’s Headquarters?
Flywire is headquartered in Boston, United States, giving it strong ties to higher-education and healthcare finance ecosystems.
What’s Next for Flywire?
Flywire will focus on deepening vertical product suites, expanding localized payment rails, enhancing reconciliation automation, and growing partner ecosystems with banks and PSPs to simplify cross-border receivables.
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