Welcome to our dedicated page for Flywire news (Ticker: FLYW), a resource for investors and traders seeking the latest updates and insights on Flywire stock.
Flywire Corporation (Nasdaq: FLYW) is a global payments enablement and software company whose news flow reflects developments across education, healthcare, travel, and B2B payments. As a provider of a proprietary global payments network, a next-generation payments platform, and vertical-specific software, Flywire regularly issues updates on client wins, product enhancements, partnerships, and financial performance.
Readers following Flywire news can expect announcements about integrations with major systems and partners, such as its expanded partnership with Workday Student and its direct connection with TenPay Global to offer Weixin Pay (WeChat Pay) for Chinese students paying tuition in South Korea and Malaysia. The company also highlights enhancements to its Student Financial Software for U.S. and U.K. higher education institutions, including real-time ERP integrations and solutions for managing U.S. loan disbursements in the U.K. market.
Flywire’s news stream also includes updates from the travel vertical, such as being selected as the exclusive payments partner for luxury and adventure operators like Quasar Expeditions, as well as broader commentary on growth in ocean-based travel experiences. In addition, investors can find earnings-related releases, including quarterly financial results, guidance commentary, and descriptions of non-GAAP metrics discussed in conjunction with SEC filings.
For those tracking FLYW, this news page brings together company press releases on product innovation, sector-specific initiatives, client conferences like Flywire Fusion, and participation in investor conferences. It offers a centralized view of how Flywire is evolving its payments and software capabilities across global markets and verticals over time.
Flywire (Nasdaq: FLYW) has scheduled the release of its fourth quarter and full year 2024 financial results for Tuesday, February 25, 2025, after market close. The company will host a conference call at 5:00pm ET on the same day to discuss the results. The call will feature CEO Mike Massaro, President and COO Rob Orgel, and CFO Cosmin Pitigoi. Investors can access the webcast through Flywire's investor relations website, where a replay will also be available after the call.
State Bank of India (SBI) has enhanced its partnership with Flywire (FLYW) to enable digital disbursement of education loans in Indian Rupees directly to global higher education institutions. The collaboration expands SBI's 'Global Ed-Vantage' overseas education loan program, which processes approximately $890 million in annual loan volume for international students.
The integration provides Indian students with a fully digital experience for tuition fee payments and loan disbursements, while ensuring compliance with Liberalized Remittance Scheme (LRS) requirements. Educational institutions receiving payments through Flywire benefit from timely payments, complete transaction transparency, and improved reconciliation processes.
Flywire (NASDAQ: FLYW) has announced a strategic partnership with Blackbaud (NASDAQ: BLKB) to streamline international tuition payments for K-12 schools in the United States. The integration will serve over 1,000 U.S. independent schools, enabling seamless payment processing for international students through Blackbaud's Tuition Management platform. The partnership addresses the challenges of international tuition payments, which can range from $4,200 to over $29,000 annually, by eliminating complexity and high fees associated with traditional international wires and credit cards. The solution offers real-time payment processing, multilingual support, and improved payment visibility for both schools and families.
Flywire (FLYW) has appointed Carleigh Jaques to its Board of Directors and Audit Committee. Jaques brings extensive fintech and payments experience from her 15-year career at Visa, where she most recently served as SVP, Global Head of Risk & Identity Solutions. Her notable achievements include accelerating Visa's global fraud detection business, leading the Cybersource gateway expansion, and founding the Corporate Development and Venture function, where she managed Visa's $23 billion acquisition of Visa Europe. Jaques is an Advisory Board Member at the Wharton AI & Analytics Initiative and has been recognized among the Most Influential Women in Payments.
Flywire (FLYW), a global payments enablement and software company, has announced its participation in three upcoming investor conferences in November and December 2024. The company will attend the Stephens Annual Investment Conference in Nashville on November 19, participating in a fireside chat at 12:00pm CT. On November 20, they will join the FT Partners FinTech Conference in New York for investor meetings. Finally, on December 3, they will participate in a fireside chat at 9:35am MT during the UBS Global Technology and AI Conference in Scottsdale. The fireside discussions will be webcast live on Flywire's investor relations website, with replays available for 90 days.
Flywire (Nasdaq: FLYW) reported strong financial results for Q3 2024, with revenue growing 27.2% YoY to $156.8 million and net income reaching $38.9 million, up from $10.6 million in Q3 2023.
Key metrics include a 24.2% increase in Total Payment Volume to $11.0 billion and a 29.6% rise in Revenue Less Ancillary Services to $151.4 million. Gross Profit improved to $100.3 million, with a Gross Margin of 64.0%.
Adjusted EBITDA surged to $42.2 million, reflecting a 27.9% margin. The company signed over 200 new clients and repurchased 1.3 million shares for $23 million. Flywire raised its FY 2024 revenue guidance to $495-$503 million and Adjusted EBITDA to $76-$80 million.
Flywire (FLYW) has released a healthcare payment survey revealing significant patient demands for flexible payment solutions. 80% of respondents want installment payment options for medical bills, while 60% cannot afford unexpected medical expenses in one lump sum. The study highlights that 75% find medical bills too complicated, up from 65% in 2021.
Key findings show that 93% want easier ways to pay medical bills over time, and 85% desire buy-now, pay-later options. Security concerns are prevalent, with 67% worried about healthcare payment data breaches. Flywire's solutions have helped healthcare organizations increase revenue by 29% and reduce bad debt from 5.5% to 4%.
Flywire (Nasdaq: FLYW), a global payments enablement and software company, has announced that it will release its third quarter 2024 financial results after market close on Thursday, November 7, 2024. The company will host a conference call to discuss these results at 5:00pm ET on the same day.
The call will be led by Mike Massaro (CEO), Rob Orgel (President and COO), and Cosmin Pitigoi (CFO). Investors and interested parties can access the live webcast of the conference call through Flywire's investor relations website at https://ir.flywire.com/. A replay of the call will also be available on the same website following the event.
Flywire (Nasdaq: FLYW) showcased its strength in the U.S. higher education sector at its inaugural Flywire Fusion conference in Phoenix, Arizona. The event highlighted Flywire's momentum in solving cross-border and domestic payment challenges for over 100 U.S. institutions. Key highlights include:
- 100+ U.S. institutions use Flywire's Student Financial Software (SFS) platform
- 620,000+ payment plans activated to improve education affordability
- $276+ million collected in past-due tuition
- $55+ million achieved in pre-collection savings
Flywire unveiled new product enhancements, including a third-party invoicing solution, international recruitment platform, and StudyLink solution to maximize application conversion rates. The company emphasized its commitment to supporting the entire student financial journey, from enrollment to endowment, addressing challenges such as the looming enrollment cliff and resource constraints faced by institutions.
Flywire (Nasdaq: FLYW), a global payments enablement and software company, has announced its participation in two upcoming investor conferences. On September 11, 2024, Flywire will attend the Goldman Sachs Communacopia + Technology Conference in San Francisco, participating in a fireside chat at 3:05pm PT. On September 13, 2024, the company will join the Autonomous Future of Commerce Symposium, held virtually, for another fireside chat at 10:30am ET.
Both discussions will be webcast live on Flywire's investor relations website at https://ir.flywire.com/. Replays of the webcasts will remain available on the website for 90 days following the events, providing investors with extended access to the company's insights and updates.