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Flywire Corporation Voting - FLYW STOCK NEWS

Welcome to our dedicated page for Flywire Corporation Voting news (Ticker: FLYW), a resource for investors and traders seeking the latest updates and insights on Flywire Corporation Voting stock.

Flywire Corporation (symbol: FLYW) is a global leader in providing high-ticket cross-border payment solutions. The company, which was formerly known as peerTransfer, offers a scalable and secure payment platform that connects institutions on six continents with consumers worldwide. Founded to assist international students with paying their tuition fees, Flywire now serves over 800 educational institutions, processing payments from students in more than 200 countries and territories in over 100 local currencies.

Flywire's platform is designed to be convenient, fast, and secure, accepting bank transfers, online banking, and credit & debit cards. The platform also offers currency conversion at competitive exchange rates, resulting in significant savings compared to traditional banks and credit card providers. The end-to-end customer experience is enhanced through multilingual support available via phone, email, and chat, alongside 24/7 online payment tracking.

Headquartered in Boston, MA, Flywire's reach extends globally through additional offices around the world. The company's solutions are built on three core elements: a payments platform, a proprietary global payment network, and vertical-specific software backed by deep industry expertise. The bulk of Flywire's revenue comes from the Americas.

Flywire leverages its vertical-specific software and technology to integrate seamlessly with existing accounts receivable workflows for clients across education, healthcare, and travel verticals, as well as key B2B industries. The company also integrates with leading ERP systems like NetSuite, optimizing the payment experience and eliminating operational challenges.

In recent news, Flywire continues to expand its client base and global presence, supporting over 3,800 clients with diverse payment methods in more than 140 currencies across 240 countries and territories. The company has also recently signed over 200 new clients in the first quarter of 2024, reflecting its strong market penetration and growth potential.

Flywire's commitment to innovation and customer satisfaction is demonstrated through its strategic partnerships and community initiatives. Notably, Flywire is the title sponsor for Major League Table Tennis' championship weekend, highlighting its involvement in promoting burgeoning sports leagues.

For more information, visit www.flywire.com and follow Flywire on social media platforms like X (formerly known as Twitter), LinkedIn, and Facebook.

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Flywire (FLYW) will announce its first quarter 2024 financial results on May 7, 2024. The conference call will be hosted by CEO Mike Massaro, President Rob Orgel, CFO Cosmin Pitigoi, and Head of Investor Relations Akil Hollis.
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Flywire 's annual luxury travel report reveals a 70% increase in interest in luxury cruises Year-over-Year, with 90% of vacations expected to be longer and 87% planning to spend more on travel in 2024. The report highlights a growing preference for unique high-end experiences, particularly in ocean adventures, and a reliance on travel advisors for personalized luxury experiences.
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Flywire partners with VTEX to enhance payment experience for students in Latin America, focusing on streamlining international and domestic payment flows for universities. The integration supports institutions in diversifying and internationalizing, with a specific focus on Tec in Mexico. Students benefit from a seamless payment process in their native currencies, while universities gain efficiency in managing payments and compliance standards.
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Flywire Corporation (FLYW) announces its participation in upcoming investor conferences to discuss its global payments enablement and software solutions.
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Flywire Corporation (Nasdaq: FLYW) reported a 37.5% increase in revenue for the fourth quarter of 2023, with a 42.6% growth in revenue less ancillary services. The company's strong financial performance led to net income of $1.3 million in Q4. For fiscal-year 2023, Flywire saw a revenue increase of 39.3% and a net loss of $8.6 million. The company also highlighted key business developments across various sectors, including education, travel, B2B, and healthcare. Flywire expects revenue less ancillary services to grow by 30% in fiscal-year 2024, with an improvement in adjusted EBITDA.
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Flywire Corporation announces the appointment of Cosmin Pitigoi as Chief Financial Officer, bringing extensive experience in global payments and finance. Pitigoi will lead financial operations and drive growth for Flywire.
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Flywire Corporation partners with State Bank of India, India’s largest public sector bank, to provide Indian students a fully digital checkout experience for cross-border education payments in Indian Rupees. The partnership aims to streamline international education payments, comply with the Liberalized Remittance Scheme, and cater to the rising number of Indian outbound students. The integration benefits both students and institutions, providing a seamless and digital payment experience while ensuring compliance with payment guidelines.
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Flywire Corporation (FLYW) announced the release of its fourth quarter and full year 2023 financial results, scheduled for February 27, 2024. The company will host a conference call with key executives to discuss the results, including CEO Mike Massaro, President and COO Rob Orgel, CFO Mike Ellis, and Head of Investor Relations Akil Hollis. The conference call will be webcast live and a replay will be available on the investor relations website.
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Lendbuzz, a financial technology company, adds Diane Offereins, a veteran of the financial services industry, to its board of directors. Ms. Offereins brings over 35 years of experience, having held leadership positions at Discover Financial Services, MBNA, Bank of America, and SouthEast Bank. She is also on the Board of Directors of Flywire (NASDAQ: FLYW) and Brighthouse Financial, Inc. (NASDAQ: BHF). Lendbuzz CEO, Amitay Kalmar, expresses excitement about her addition and looks forward to her guidance as the company continues to grow.
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Global travel providers are optimistic about their business growth in 2024, with 97% of surveyed businesses expecting growth over the next five years. The payment process is considered an extension of the brand by 86% of travel providers.
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FAQ

What is the current stock price of Flywire Corporation Voting (FLYW)?

The current stock price of Flywire Corporation Voting (FLYW) is $20.13 as of December 20, 2024.

What is the market cap of Flywire Corporation Voting (FLYW)?

The market cap of Flywire Corporation Voting (FLYW) is approximately 2.5B.

What services does Flywire provide?

Flywire offers a secure payment platform that facilitates high-ticket cross-border payments, encompassing bank transfers, online banking, and credit & debit cards with competitive currency conversion rates.

Which industries does Flywire serve?

Flywire serves the education, healthcare, travel, and key B2B industries, providing specialized software and payment solutions tailored to each sector.

How many clients does Flywire support?

Flywire supports over 3,800 clients across more than 240 countries and territories.

Where is Flywire headquartered?

Flywire is headquartered in Boston, Massachusetts, USA, with additional offices around the globe.

What recent achievements has Flywire made?

Recently, Flywire signed over 200 new clients in the first quarter of 2024 and continues to expand its global presence and client base.

What payment methods does Flywire accept?

Flywire's platform accepts bank transfers, online banking, and credit & debit cards.

How does Flywire benefit educational institutions?

Flywire helps educational institutions by processing international student tuition payments efficiently and securely, with competitive exchange rates and 24/7 online tracking.

Does Flywire integrate with ERP systems?

Yes, Flywire integrates with leading ERP systems like NetSuite to optimize the payment experience and streamline operational workflows.

What is Flywire’s involvement in sports?

Flywire is the title sponsor for Major League Table Tennis' championship weekend, demonstrating its commitment to community and sports promotion.

How can I contact Flywire for investor or media inquiries?

For investor relations, contact Akil Hollis at investor@flywire.com, and for media inquiries, contact Sarah King at media@flywire.com.

Flywire Corporation Voting

Nasdaq:FLYW

FLYW Rankings

FLYW Stock Data

2.52B
119.10M
2.81%
96.54%
3.94%
Software - Infrastructure
Services-business Services, Nec
Link
United States of America
BOSTON