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.
Flywire Corporation (Nasdaq: FLYW) has announced the release of its Q2 2022 financial results scheduled for August 9, 2022, after market close. A conference call will follow at 5:00 PM ET, hosted by CEO Mike Massaro and other executives. The call will focus on financial outcomes and updates regarding the company’s operations and strategy. Flywire operates in the global payments enablement sector, supporting over 2,700 clients with a diverse range of payment methods in more than 140 currencies worldwide.
Flywire Corporation (Nasdaq: FLYW) announced that its ROI for U.S. hospitals and health systems is 269% over three years, according to a Forrester study.
Key findings include:
- 29% increase in revenue collections.
- 30% reduction in staff involvement in billing.
- 20% decrease in costs for paper statements.
- Improved patient satisfaction and standardized billing.
Flywire Corporation (Nasdaq: FLYW) announced its participation in three upcoming investor conferences. On May 25, 2022, Flywire will host a fireside chat at J.P. Morgan's 50th Annual Global Technology, Media and Communications Conference in Boston at 1:10 PM ET. The following chats will occur at the William Blair & Company Growth Stock Conference on June 8 at 10:20 AM ET in Chicago, and the RBC Financial Technology Conference on June 14 at 9:35 AM ET in New York. Live webcasts will be available on Flywire’s investor relations website.
Flywire Corporation reported a 43% increase in revenue to $64.6 million in Q1 2022, driven by education and travel sectors. Revenue less ancillary services rose 47% to $59.3 million, and total payment volume grew 46% to $4.2 billion. Despite these gains, the net loss widened to $(10.1) million from $(8.7) million year-over-year. Flywire added over 130 clients in Q1, marking its strongest client growth since its IPO. The company forecasts Q2 revenue between $50-$53 million and a fiscal-year revenue of $269-$279 million.
Flywire Corporation (Nasdaq: FLYW) has announced it will release its first quarter 2022 financial results after market close on May 10, 2022. A conference call to discuss these results will be hosted at 5:00 PM ET the same day, featuring CEO Mike Massaro, President and COO Rob Orgel, and CFO Mike Ellis. The call will be available for streaming on Flywire's investor relations website, along with a replay thereafter. Flywire is a global payments enablement and software company, serving over 2,500 clients across education, healthcare, travel, and B2B industries.
Flywire Corporation (Nasdaq: FLYW) will host its Analyst Day on May 19, 2022, in Boston and virtually. The event will run from 1:00 PM to 5:00 PM ET, featuring presentations and Q&A sessions with the management team. In-person attendance is limited, requiring early registration. The event will be available via live webcast and will be accessible for replay for one year post-event. Flywire specializes in global payments enablement and software, serving over 2,500 clients in various sectors, utilizing a proprietary payments network and vertical-specific software.
Flywire has partnered with Tribal Group to become the preferred payment partner for their student information system across EMEA and APAC. This collaboration aims to enhance payment experiences for students while streamlining operations for educational institutions. A recent survey indicated strong demand for global education, with 68% of surveyed students either studying abroad or planning to. This partnership not only simplifies international payments but also offers flexible payment plans to ease financial burdens for families. The integration has shown early positive results for institutions in operational efficiency.
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.
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