Core Viewpoint - Robbins LLP has initiated a class action lawsuit on behalf of investors who acquired Flywire Corporation securities during a specified period, alleging that the company misled investors about its business prospects and revenue growth sustainability [1][2]. Group 1: Allegations and Financial Impact - The complaint asserts that Flywire Corporation failed to disclose the overstated strength and sustainability of its revenue growth [2]. - It is alleged that the company understated the negative impact of permit- and visa-related restrictions on its business [2]. - On February 25, 2025, Flywire announced disappointing financial results for Q4 and FY 2024, revealing expected revenue declines of over 30% year-over-year in Canadian and Australian markets due to recent policy changes and new visa rules [3]. - Following this announcement, Flywire's stock price dropped by $6.59 per share, or 37.36%, closing at $11.05 per share on February 26, 2025, as multiple analysts downgraded their recommendations and cut price targets [3]. Group 2: Class Action Participation - Shareholders may be eligible to participate in the class action against Flywire Corporation, with options to serve as lead plaintiff or remain an absent class member [4]. - The representation in the class action is on a contingency fee basis, meaning shareholders incur no fees or expenses [5].

If you purchased or acquired securities in Flywire between February 28, 2024 and February 25, 2025 and would like to discuss your legal rights, call Bragar Eagel & Squire partner Brandon Walker or Marion Passmore directly at (212) 355-4648. NEW YORK, July 28, 2025 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, announces that a class action lawsuit has been filed against Flywire Corporation ("Flywire" or the "Company") (NASDAQ:FLYW) in the United States ...

Core Viewpoint - A shareholder has filed a securities class action lawsuit against Flywire Corporation, alleging misrepresentations regarding the company's revenue growth between February 28, 2024, and February 25, 2025 [1][2]. Summary by Sections Lawsuit Details - The lawsuit is on behalf of investors who purchased or acquired Flywire's securities during the specified period [1]. - Defendants are accused of making false statements about the strength and sustainability of Flywire's revenue growth [2]. Lead Plaintiff Information - Interested parties must file papers by September 23, 2025, to serve as lead plaintiff, representing the class in the litigation [3]. - Participation as a lead plaintiff is not required to share in any potential recovery, and shareholders incur no fees or expenses [3]. Firm Background - Bernstein Liebhard LLP has recovered over $3.5 billion for clients since 1993 and has represented large public and private pension funds [4]. - The firm has been recognized multiple times for its success in litigating class actions [4].

Core Points - A shareholder class action lawsuit has been filed against Flywire Corporation, alleging that the company made materially false and misleading statements regarding its revenue growth and the impact of permit and visa-related restrictions on its business [1] - The lawsuit claims that the strength and sustainability of Flywire's revenue growth was overstated, and the negative impacts of regulatory restrictions were understated [1] - The lawsuit indicates that these misleading statements were made at all relevant times, affecting the company's public perception and potentially its stock performance [1] Legal Information - Shareholders who purchased Flywire shares between February 28, 2024, and February 25, 2025, and experienced significant losses are encouraged to discuss their legal rights [2] - The deadline for shareholders to request to be appointed as lead plaintiff in the case is September 23, 2025 [3] - Holzer & Holzer, LLC is representing the shareholders in this litigation and has a history of recovering significant amounts for investors affected by corporate misconduct [3]

NEW YORK, July 28, 2025 (GLOBE NEWSWIRE) -- Gainey McKenna & Egleston announces that a securities class action lawsuit has been filed in the United States District Court for the Eastern District of New York on behalf of all persons or entities who purchased the securities of Flywire Corporation ("Flywire" or the "Company") (NASDAQ: FLYW) between February 28, 2024 and February 25, 2025, both dates inclusive (the "Class Period"). According to the Complaint, following the foregoing disclosures and analyst down ...

Core Viewpoint - A class action lawsuit has been filed against Flywire Corporation and certain officers for alleged violations of federal securities laws during the Class Period from February 28, 2024, to February 25, 2025, seeking damages for misleading statements regarding the company's revenue growth and business operations [1][8]. Company Overview - Flywire operates as a payments-enablement and software company, facilitating payments across various industries, with a significant focus on the education sector [4]. - The company's financial performance is particularly reliant on international enrollments and student preferences, especially in the Americas and Asia-Pacific regions [5]. Market Challenges - The Canadian government imposed intake caps on international student permit applications starting January 2024, leading to a decrease in international students and negatively impacting Flywire's payment flows [6]. - Australia has also tightened international student visa rules, further adversely affecting Flywire's business [6]. Misleading Statements - Throughout the Class Period, Flywire's executives allegedly overstated the sustainability of revenue growth and downplayed the negative impacts of permit and visa-related restrictions on the business [7][8]. - In November 2024, executives claimed Flywire would maintain strong revenue growth, projecting FX neutral RLAS growth in the low 20% range for FY 2025, despite emerging challenges [7]. Financial Performance - On February 25, 2025, Flywire reported a Q4 2024 loss per share of $0.12 and revenue of $117.6 million, both missing consensus estimates [9]. - The company announced a projected RLAS growth of only 10-14% for 2025, significantly lower than previous expectations [10]. Analyst Reactions - Following the disappointing Q4 results and revised forecasts, multiple analysts downgraded their recommendations and cut price targets for Flywire's stock [12]. - The stock price fell by $6.59, or 37.36%, closing at $11.05 per share on February 26, 2025, reflecting market reaction to the negative disclosures [13].

Core Viewpoint - A class action lawsuit has been filed against Flywire Corporation and certain officers for alleged violations of federal securities laws during the Class Period from February 28, 2024, to February 25, 2025, seeking damages for misleading statements regarding the company's revenue growth and business prospects [1][7]. Company Overview - Flywire operates as a payments-enablement and software company, facilitating payments across various industries, with a significant focus on the education sector [3][4]. - The company's financial performance is particularly important in the Americas and Asia-Pacific markets, utilizing non-GAAP financial measures such as revenue less ancillary services (RLAS) and foreign exchange neutral RLAS [4]. Market Challenges - The Canadian government imposed intake caps on international student permit applications starting January 2024, leading to a decrease in international student numbers and negatively impacting Flywire's payment flows [5]. - Similarly, Australia has tightened international student visa rules, further adversely affecting Flywire's business [5]. Misleading Statements - Throughout the Class Period, Flywire's executives allegedly overstated the sustainability of revenue growth and downplayed the negative impacts of permit and visa-related restrictions on the business [6][7]. - In November 2024, executives claimed Flywire would remain a "Rule of 40" company with strong revenue growth, projecting FX neutral RLAS growth in the low 20% range for FY 2025, which was later revised down significantly [6][9]. Financial Performance - Flywire reported a Q4 2024 loss per share of $0.12, missing consensus estimates, and revenue of $117.6 million, also below expectations [8]. - The company announced an operational review and restructuring affecting approximately 10% of its workforce due to a challenging macro environment [8]. Analyst Reactions - Following the disappointing Q4 results and revised forecasts, multiple analysts downgraded their recommendations and cut price targets for Flywire's stock [11]. - The company's stock price fell by $6.59, or 37.36%, closing at $11.05 per share on February 26, 2025, following these disclosures [12].

Core Points - A class action has been filed against Flywire Corporation on behalf of investors who acquired its securities between February 28, 2024, and February 25, 2025 [1] - Allegations include that Flywire misled investors about the sustainability of its revenue growth and downplayed the negative impact of permit and visa-related restrictions on its business [2] - On February 25, 2025, Flywire announced disappointing financial results for Q4 and FY 2024, expecting revenue declines of over 30% year-over-year in Canadian and Australian markets due to policy changes and new visa rules [3] Company Performance - Flywire's stock price fell by $6.59 per share, or 37.36%, closing at $11.05 per share on February 26, 2025, following the announcement of poor financial results and subsequent analyst downgrades [3] Legal Proceedings - Shareholders may be eligible to participate in the class action against Flywire, with options to serve as lead plaintiff or remain an absent class member [4]

Company Overview - Flywire Corporation is a global payments enablement and software company that combines a proprietary global payments network, next-gen payments platform, and vertical-specific software to manage complex payments for clients and their customers [3][4]. - The company supports over 4,600 clients with diverse payment methods in more than 140 currencies across over 240 countries and territories [5]. Financial Results Announcement - Flywire will release its second quarter financial results after market close on August 5, 2025, and will host a conference call at 5:00 pm ET on the same day [1]. - The conference call will be led by CEO Mike Massaro, President and COO Rob Orgel, and CFO Cosmin Pitigoi [1]. Conference Call Details - The conference call will be webcast live from Flywire's investor relations website, with a replay available afterward [2].

Core Viewpoint - Flywire has been appointed to the PCI Security Standards Council (PCI SSC) 2025-2027 Board of Advisors, marking its second consecutive term, which underscores its commitment to enhancing payment security standards and protocols [1][2][3] Group 1: Company Representation and Expertise - Flywire's CTO, David King, and CIO/CISO, Barbara Cousins, will represent the company on the PCI SSC Board, leveraging their extensive experience in security and payments [1][2] - David King was part of the original team that drafted the initial version of PCI DSS 1.0, bringing valuable insights to the Board [2] Group 2: Commitment to Security and Compliance - Flywire is PCI DSS Level 1 certified, the highest level for credit card data security, and undergoes annual SOC II Type II audits to ensure strong information management processes [3] - The company actively manages global regulatory requirements, including comprehensive Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) programs, and complies with various data protection laws such as GDPR, CCPA, PIPEDA, HIPAA, and FERPA [3] Group 3: Client Trust and Security Differentiation - Flywire's security capabilities are a key differentiator for its global clients, as evidenced by Nordic Visitor's decision to select Flywire for its international payments due to robust security and compliance features [4] - The company emphasizes that being a leader in security and compliance is about building trust with clients and their customers, not just meeting regulatory requirements [5] Group 4: Industry Collaboration - The PCI SSC Board of Advisors provides industry expertise that influences the development of PCI security standards and programs, highlighting the collaborative effort to enhance payment data security globally [5][6]