What is Flywire?
Flywire operates a next-generation payments platform, leveraging a proprietary payment network and vertical-specific software to facilitate seamless transactions for clients and their customers worldwide. The company's solutions are designed to simplify the complexities of global payments, enabling businesses to get paid efficiently and customers to pay with ease, regardless of geographical location. This focus on simplifying cross-border transactions positions Flywire as a key player in the evolving fintech landscape.
How much funding has Flywire raised?
Flywire has raised a total of $513M across 8 funding rounds:
Unspecified
$1.1M
Series A
$7.5M
Private Equity
$5.1M
Series B
$6.3M
Series C
$22M
Series D
$100M
Series E
$120M
Share Placement
$251M
Unspecified (2010): $1.1M with participation from Roy Rodenstein, Raul Aznar, Jim Hornthal, Katie Rae, Spark Capital, 500.com, Marek Fodor, Pablo Carrallo, Reed Sturtevant, 500 Hats, and John Landry
Series A (2011): $7.5M led by Accel Partners, Boston Seed Capital, Spark Capital, and Maveron
Private Equity (2013): $5.1M supported by QED Investors, Kibo, Maveron, and Spark Capital
Series B (2013): $6.3M featuring Kibo Ventures, QED Investors, and Spark Capital
Series C (2015): $22M backed by Bain Capital Ventures, QED Investors, Spark Capital, and Accel Partners
Series D (2018): $100M with participation from Temasek and Spark Capital
Series E (2020): $120M led by Goldman Sachs, Tiger Management, and Adage Capital Management
Share Placement (2021): $251M, investors not publicly disclosed
Key Investors in Flywire
Temasek
Temasek is a global investment company headquartered in Singapore, known for its generational investment approach and focus on making a difference with tomorrow in mind.
Goldman Sachs
Goldman Sachs is a leading global investment banking, securities, and investment management firm, providing a wide range of financial services to corporations and institutional clients worldwide.
Tiger Management
Tiger Foundation is dedicated to breaking the cycle of poverty in New York City by investing in non-profit organizations through its funding portfolios: Education, Family Support, and Youth, Workforce, and Justice.
What's next for Flywire?
The substantial enterprise-level funding, including the recent strategic investment, indicates Flywire is in a scaling phase, poised for significant market penetration and product development. This capital will likely be deployed to enhance its technology infrastructure, expand its global reach, and potentially pursue strategic acquisitions. The company's trajectory suggests a continued focus on innovation within the payments and software solutions space, aiming to solidify its leadership in facilitating international commerce and financial flows.
See full Flywire company page
