What is Flywire?
Flywire operates as a global payments enablement and software company, offering a next-generation payments platform, a proprietary payment network, and vertical-specific software. This integrated approach is designed to streamline the payment experience for both businesses and their customers, facilitating seamless transactions regardless of geographical location. The company's solutions cater to a diverse range of industries, enabling clients to get paid efficiently while ensuring their customers can pay with ease.
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 Katie Rae, Raul Aznar, Pablo Carrallo, 500.com, John Landry, Jim Hornthal, Reed Sturtevant, 500 Hats, Spark Capital, Roy Rodenstein, and Marek Fodor
Series A (2011): $7.5M led by Spark Capital, Boston Seed Capital, Maveron, and Accel Partners
Private Equity (2013): $5.1M supported by Kibo Factory, Spark Capital, QED Investors, and Maveron
Series B (2013): $6.3M featuring QED Investors, Kibo Ventures, and Spark Capital
Series C (2015): $22M backed by QED Investors, Bain Capital Ventures, Accel Partners, and Spark Capital
Series D (2018): $100M with participation from Temasek and Spark Capital
Series E (2020): $120M led by Goldman Sachs, Adage Capital Management, and Tiger Management
Share Placement (2021): $251M, investors not publicly disclosed
Key Investors in Flywire
Goldman Sachs
Goldman Sachs is a leading global investment banking firm, known for its extensive financial services including advisory, underwriting, and asset management, playing a significant role in capital markets.
Adage Capital Management
Adage Capital Management is a money management firm with a primary focus on S&P 500 assets, headquartered in Boston, Massachusetts.
Tiger Management
Tiger Management is an investment firm, with the Tiger Foundation specifically dedicated to breaking the cycle of poverty through strategic investments in non-profit organizations.
What's next for Flywire?
With its significant enterprise-level funding and a recent major strategic investment, Flywire is well-positioned for continued expansion and innovation. The substantial capital infusion is expected to fuel further development of its payment technology, enhance its global network reach, and potentially drive strategic acquisitions. This financial strength will likely enable Flywire to deepen its penetration into existing markets and explore new verticals, solidifying its position as a leader in the global payments landscape. The company's focus on simplifying complex payment flows suggests a strategic emphasis on cross-border transactions and specialized industry solutions.
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