Flywire Corp - FLYW STOCK NEWS

Flywire Corporation (Nasdaq: FLYW) announced its participation in several investor conferences. On March 8, 2022, a fireside chat will take place at the Raymond James 43rd Annual Institutional Investors Conference at 9:50am ET in Orlando, FL. The following day, March 9, a chat at the Wolfe FinTech Forum is scheduled for 12:00pm ET in New York, NY. Lastly, on March 21, Flywire will present at the BofA Securities Virtual Electronic Payments Symposium at 1:15pm ET. Live webcasts of these events will be available on the company’s investor relations website.

Flywire Corporation reported strong financial performance for Q4 and fiscal year 2021, with a 55% increase in quarterly revenue to $51.4 million and a 53% increase in annual revenue to $201.1 million. Total payment volume surged 75% year-over-year, signaling robust demand for its payment services. However, the net loss expanded to $(11.2 million) in Q4 and $(28.0 million) for the year. Looking ahead, Flywire projects Q1 2022 revenue between $59 million and $63 million and full-year revenue between $266 million and $276 million.

Flywire integrates with Adapt IT's student management system to enhance cross-border education payments in South Africa. This partnership aims to improve the payment experience for international students, streamlining processes for over 45,000 students across 26 public universities and 50 TVET colleges. Key benefits include online payment tracking, reduced international transfer fees, and automated reconciliation. Flywire's platform allows payments in local currency, enhancing flexibility and efficiency. This integration responds to growing demand for modern payment solutions in South Africa's education sector.

Flywire Corporation (NASDAQ: FLYW) has partnered with Ascensus to digitize tuition payments from 529 college savings plans to U.S. educational institutions. This collaboration enables families using Ascensus' platform to directly disburse funds for tuition expenses, improving the payment process and reconciliation for schools. With tuition costs rising, 529 plans are increasingly popular, having reached $394 billion in assets as of 2020. The new solution addresses inefficiencies in traditional check-based payments, streamlining transactions, and providing immediate payment visibility for families and schools.

Flywire (Nasdaq: FLYW) has announced the release date for its fourth quarter and full year 2021 financial results, set for March 2, 2022, after market close. A conference call with CEO Mike Massaro, President Rob Orgel, and CFO Mike Ellis will follow at 5:00 PM ET to discuss the results. The call will be webcast live on the company's investor relations website, with a replay available afterwards. Flywire specializes in payments enablement and software integration, serving over 2,400 clients across various sectors globally.

Flywire has announced its acquisition of WPM, a U.K.-based software provider specializing in payments for higher education institutions. This strategic move is expected to enhance Flywire's product offerings and expand its reach in the U.K. education sector, which has an estimated payment volume of $30 billion. The integration aims to improve client experiences through Flywire's advanced payment platform and global network. CEO Mike Massaro highlighted that this acquisition aligns with their growth strategy. WPM's established presence with over 170 clients reinforces Flywire's commitment to a growing market.

Flywire Corporation (Nasdaq: FLYW) announced CEO Mike Massaro's participation in a virtual fireside chat at the Raymond James Technology Investors Conference on December 6, 2021, starting at 8:00 am ET. The event will be available via live webcast on Flywire's investor relations website, with a replay accessible for 90 days afterward. Flywire specializes in global payments enablement and software, serving over 2,500 clients in diverse sectors including education and healthcare, with a broad network supporting payments in 140 currencies across 240 countries.

Balderton Capital has launched its largest-ever fund of $600m to support early-stage startups, complementing its Growth fund raised earlier this year. The firm is now deploying over $1.2bn across Europe, leveraging its extensive investment team of 25 experts. Balderton has made close to 300 investments, including 20 new startups in various sectors. Its portfolio companies have raised over $6bn in follow-on funding this year, highlighting a successful track record with 13 companies reaching unicorn status.