Core Insights - Flywire Corporation has appointed Mohit Kansal as Chief Payments Officer to enhance its payment innovation and global network coverage [1][2] - The organizational change aims to streamline payment strategy, operations, and product management to accelerate innovation and improve client services [2][3] Company Overview - Flywire is a global payments enablement and software company that combines a proprietary global payments network with vertical-specific software [4] - The company supports over 4,500 clients with diverse payment methods in more than 140 currencies across 240 countries [6] Recent Initiatives - Flywire is implementing initiatives to build new acceptance rails, increase localization efforts, and expand domestic payment capabilities globally [2] - Recent achievements include optimizing local payment experiences in Australia, the UK, and Europe, which have driven higher conversion rates [7] - The company has lowered payment processing costs through operational efficiencies and strategic partner negotiations [7] - Flywire has expanded payment capabilities in India and China, enhancing cross-border transactions [7] - The introduction of configurable, client-specific fraud monitoring controls has strengthened security without compromising payment experience [7] - The launch of a next-generation Flywire Payment API offers clients greater flexibility and seamless integration for diverse payment flows [7]

Core Insights - Flywire Corporation has appointed Mohit Kansal as Chief Payments Officer to enhance its payment innovation and global network coverage [1][2] - The organizational change aims to streamline payment strategy, operations, and product management to accelerate innovation and improve client services [2][3] Company Overview - Flywire is a global payments enablement and software company that combines a proprietary global payments network with vertical-specific software [4] - The company supports over 4,500 clients with diverse payment methods in more than 140 currencies across 240 countries [6] Recent Initiatives - Flywire is implementing initiatives to build new acceptance rails, increase localization efforts, and expand domestic payment capabilities globally [2] - Recent achievements include optimizing local payment experiences in Australia, the UK, and Europe, which have driven higher conversion rates [7] - The company has lowered payment processing costs through operational efficiencies and strategic partner negotiations [7] - Flywire has expanded payment capabilities in India and China, enhancing cross-border transactions [7] - The introduction of configurable, client-specific fraud monitoring controls has strengthened security without compromising payment experience [7] - The launch of a next-generation Flywire Payment API offers clients greater flexibility and customization for diverse payment flows [7]

Direct-to-school digital payment experience developed by Flywire and Ascensus offers an intuitive user experience that improves how families access their education savings With six additional plans signed on in 2024, more than 40 Ascensus-administered 529 plans can leverage Flywire's digital disbursement technology BOSTON and DRESHER, Pa., March 10, 2025 (GLOBE NEWSWIRE) -- Flywire Corporation (NASDAQ:FLYW) (Flywire), a global payments and enablement and software company, and Ascensus, ​​a market-leading en ...

NEW YORK, March 3, 2025 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Flywire Corporation ("Flywire" or the "Company") (NASDAQ: FLYW). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.The investigation concerns whether Flywire and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. [Click here for information about joining the class action] On February 25, 2025, ...

The FinTech IPO Index was awash in a sea of red this past week, with nary a positive showing to be found. Earnings were met, by and large, with dissatisfaction, as investors sent shares down by double digits in many cases, even when results topped expectations or management’s projections. The index slid by 6.2%.Flywire Leads Declining StocksFlywire led to the downside, as shares sank nearly 42%. The firm said this week that  revenue increased 17% to $117.6 million in the fourth quarter of 2024, and the numb ...

Core Viewpoint - Flywire Corporation is under investigation for potential violations of federal securities laws and unlawful business practices following disappointing financial results and a significant drop in stock price [1][3]. Financial Performance - On February 25, 2025, Flywire reported a net loss of $15.9 million for the fourth quarter of 2024, which was below consensus estimates [3]. - The company announced a restructuring plan that includes a 10% reduction in its workforce [3]. - Following the announcement, Flywire's share price fell by $6.59, or approximately 37%, from $17.64 to $11.05 [3]. Guidance and Market Reaction - Flywire reduced its guidance for 2025, contributing to negative market sentiment [3]. - The significant decline in share price indicates investor concern regarding the company's future performance and management decisions [3].

If you like to see more ideas, please subscribe to the premium service "Value in Corporate Events" here and try the free trial. In this service we cover major earnings events, M&A, IPOs and other significant corporate events with actionable ideas. Furthermore, we provide coverage of situations and names on request!When Flywire (NASDAQ: FLYW ) went public in the spring of 2021, I concluded that I was not flying along with the story. Fast forwarding nearly four years in time, shares have seen huge losses, vas ...

U.S. stock futures were higher this morning, with the Dow futures gaining around 100 points on Wednesday.Shares of Flywire Corporation FLYW fell sharply in today's pre-market trading after the company reported worse-than-expected quarterly financial results.Flywire reported quarterly losses of $(0.12) per share which missed the analyst consensus estimate of $(0.01) per share. The company reported quarterly sales of $117.600 million which missed the analyst consensus estimate of $118.917 million.Flywire shar ...

Flywire Corporation (NASDAQ:FLYW) Q4 2024 Earnings Call Transcript February 25, 2025 5:00 PM ET Company Participants Masha Kahn - Investor Relations Mike Massaro - Chief Executive Officer and Director Rob Orgel - President and Chief Operating Officer Cosmin Pitigoi - Chief Financial Officer Conference Call Participants Cris Kennedy - William Blair Andrew Schmidt - Citi Tien Huang - JPMorgan Kenneth Suchoski - Autonomous Timothy Chiodo - UBS Will Nance - Goldman Sachs Darrin Peller - Wolfe Research Nate Sven ...

Financial Data and Key Metrics Changes - Revenue less ancillary services grew by 17.4% year-over-year to $112.8 million in Q4 2024, which was lower than the guidance midpoint by approximately $8 million primarily due to macro factors in Canada and foreign exchange (FX) [47][48] - Adjusted EBITDA increased to $16.7 million for the quarter, compared to $7.7 million in Q4 2023, with adjusted EBITDA margin expanding nearly 700 basis points year-over-year [52][53] - GAAP net income reflected a loss of $15.9 million primarily due to a one-time non-cash foreign exchange loss of $14 million on intercompany loans [56] Business Line Data and Key Metrics Changes - The travel vertical grew organically more than 50% in 2024, becoming the second largest vertical, contributing 13% of total revenue, up from 7% two years ago [34] - The education vertical in EMEA and the UK saw over 50% year-over-year revenue growth, despite headwinds in Canada and Australia [24][30] - The healthcare vertical is expected to start growing later in 2025 as a new large client goes live with Flywire's products [40][66] Market Data and Key Metrics Changes - Canadian higher education revenue was down over 50% year-over-year, resulting in a nine percentage points headwind to growth in Q4 [48] - The U.S. market saw a 10% decline in F-1 visa issuance, contributing to slower growth expectations [121] - The company anticipates revenue in Canada and Australia to be down over 30% year-over-year due to recent policy changes [64][66] Company Strategy and Development Direction - The company announced the acquisition of Sertifi to enhance its travel vertical and streamline operations, aiming to monetize several billion dollars of payment volume [15][16] - A comprehensive operational and portfolio review is underway to optimize investments across geographies, products, and verticals [18][19] - The company is focusing on product innovation, driving productivity, and building a high-performance culture as part of its 2025 priorities [42][45] Management's Comments on Operating Environment and Future Outlook - Management acknowledged significant macro revenue headwinds, particularly from student visa policy changes in Canada, but expressed confidence in navigating these challenges [9][12] - The company expects continued visa policy restrictions in 2025 but is taking steps to identify and execute opportunities within its control [13][14] - Management remains optimistic about the long-term demand for international education and the potential for recovery in student mobility [30][114] Other Important Information - The restructuring plan announced will affect approximately 10% of the workforce, with expected charges of $7 million to $9 million primarily in severance payments [54][56] - The company has repurchased 2.3 million shares for approximately $44 million as part of its buyback program [58] Q&A Session Summary Question: Can you talk about the NRR? - Management indicated that NRR was at 114% in 2024, with expectations for it to be below that in 2025 due to visa dynamics in Canada and Australia [72] Question: Why is the portfolio review happening now? - Management stated that ongoing policy restrictions prompted the need for an operational and strategic review to control internal factors [76][77] Question: What is the impact of the SDS on Canada? - Management explained that the SDS program's elimination has led to significant demand destruction, affecting overall student volume and payments [80][82] Question: What is the outlook for education markets outside Canada and Australia? - Management noted strong performance in the UK and EMEA, with growth opportunities in APAC and LATAM, despite challenges in Canada and Australia [100][102] Question: How is the company addressing the softening visa trends in the U.S.? - Management highlighted a 10% decline in F-1 visa issuance and emphasized ongoing efforts to add new clients and differentiate from competitors [121][124] Question: What is the strategic focus of the company? - Management confirmed that the review includes optimizing investments across verticals and geographies, but they remain committed to all four verticals [127][128]