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 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.
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Flywire Corporation (Nasdaq: FLYW) has announced its participation in several upcoming virtual investor conferences. The events include a fireside chat at the Citi FinTech Conference on November 15, 2021, at 3:00 PM ET, and another at the RBC Global TIMT Technology Conference on November 16, 2021, at 2:40 PM ET. Additionally, a fireside chat will take place at the J.P. Morgan Ultimate Services Conference on November 18, 2021, at 10:15 AM ET. Live webcasts can be accessed via Flywire’s investor relations website, with replays available for 90 days.
Flywire Corporation (NASDAQ: FLYW) reported a robust third quarter of 2021 with a 61% increase in revenue year-over-year, reaching $67.8 million. The company's total payment volume surged by 76% to $5.3 billion, demonstrating strong performance across all business segments. Revenue less ancillary services also rose 67% to $62.0 million. Flywire projected fiscal year 2021 revenue between $190 million and $193 million, indicating continued growth. The adjusted EBITDA for Q3 stood at $17.6 million, marking an increase from the previous year.
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