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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.

Rhea-AI Summary
Flywire Corporation (Nasdaq: FLYW) announces a proposed follow-on public offering of $250,000,000 of its voting common stock, with an option for underwriters to purchase an additional $37,500,000. The offering is subject to market conditions and no assurance of completion. Goldman Sachs & Co. LLC is the lead book-running manager. The securities are offered under an effective shelf registration statement on Form S-3 filed with the SEC on August 9, 2023.
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Flywire partners with Tencent Financial Technology to offer Weixin Pay as a payment option for Chinese students making education payments abroad. The partnership aims to provide a seamless payment experience for Chinese students and families, who can now pay their education institution using Weixin Pay in their own currency. Chinese students represent a large percentage of the international student population and the demand to study abroad remains strong.
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A recent survey commissioned by Flywire found that higher education IT leaders believe they play an important role in improving the overall student experience at their institution. They prioritize a positive student experience when influencing payment technology purchasing decisions and believe that an institution's biggest opportunity is to make education more affordable. Integration with ERP and SIS systems is crucial for institutional success, but legacy tech poses challenges. IT leaders are also prioritizing cybersecurity to protect student and faculty data.
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Flywire reports strong Q1 2023 financial results, with revenue increasing 46.1% YoY and gross profit increasing 50.3%. The company signed a record number of clients and achieved its largest sales quarter in history. Q2 2023 revenue is expected to be $76-81 million, with a net loss of $3-5 million. Fiscal-year 2023 revenue is projected to be $380-398 million, with an adjusted EBITDA of $30-36 million.
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Flywire Corporation announces upcoming investor conferences
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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