Acquisition Overview - Flywire Corporation acquires Invoiced, a SaaS platform specializing in B2B finance automation, to enhance its B2B payments business and expand its software suite for global clients [1] - The acquisition is expected to monetize several billion dollars of domestic and international invoicing volume managed annually by Invoiced [1] - Flywire estimates the target B2B segment to be responsible for approximately $10 trillion in global payment volume [1] Invoiced's Capabilities - Invoiced's SaaS platform automates Accounts Receivable (A/R) processes, including invoice management, payer communication, and payment reconciliation with ERP systems [2] - The platform integrates with leading accounting systems and ERPs such as Oracle's NetSuite, Sage Intacct, and Microsoft Business Dynamics [2] - Invoiced was recently named the 1 2024 A/R Automation Software by G2 Crowd [2] Strategic Benefits - The combination of Invoiced's A/R automation software with Flywire's global payment network, which supports over 140 currencies across 240 countries, is expected to provide a full-suite software and payments solution for the B2B industry [2] - Flywire's CEO emphasizes that the acquisition aligns with the company's thesis that software drives value in payments and will accelerate its product roadmap [3] Market Trends - The global Accounts Receivable Automation revenue market is projected to grow from USD 3.3 billion in 2022 to USD 6.5 billion by 2027, at a CAGR of 14.2% [4] - Businesses are increasingly investing in A/R solutions to improve financial operations, cash flow management, and compliance with tax regulations [4] Financial Impact - Flywire expects Invoiced to contribute approximately $2 million in revenue with software-like gross margins in FY 2024 [5] - The company plans to reinvest the majority of the margin dollars to grow the combined business [5] Flywire's Core Business - Flywire is a global payments enablement and software company that combines its proprietary payments network, next-gen platform, and vertical-specific software to deliver complex payments for clients [7] - The company supports over 4,000 clients with diverse payment methods in more than 140 currencies across 240 countries and territories [9] Integration and Expansion - Flywire leverages its vertical-specific software and payments technology to embed within A/R workflows for clients in education, healthcare, travel, and key B2B industries [8] - The company integrates with leading ERP systems like NetSuite to optimize payment experiences and eliminate operational challenges [8]

Flywire is reportedly exploring a sale after seeing interest in a takeover. The payments processor, which has a market value of $2.3 billion, is working with investment bankers to evaluate interest from private equity firms and other potential buyers, Reuters reported Friday (Aug. 2), citing unnamed sources. The talks are in the early stages and may not result in a deal, according to the report. Flywire did not immediately reply to PYMNTS' request for comment. Potential buyers' interest in an acquisition of ...

The conference call will be webcast live from Flywire's investor relations website at https://ir.flywire.com/. A replay will be available on the investor relations website following the call. Contacts Investor Relations: ICR flywireir@icrinc.com Media: Sarah King media@flywire.com About Flywire Flywire is a global payments enablement and software company. Flywire combines its proprietary global payments network, next-gen payments platform and vertical-specific software to deliver the most important and comp ...

Company Overview - Flywire supports over 4,000 clients with diverse payment methods in more than 140 currencies across 240+ countries and territories [1] - The company is headquartered in Boston, MA, with global offices [1] - Flywire is a global payments enablement and software company that combines proprietary global payments network, next-gen payments platform, and vertical-specific software [11] - Flywire leverages its vertical-specific software and payments technology to embed within existing A/R workflows across education, healthcare, travel, and key B2B industries [12] Partnership with HDFC Credila - Flywire partners with HDFC Credila, India's largest private loan provider, to digitize cross-border payment experience for education loans [3] - The partnership simplifies the complex process of making cross-border education payments, particularly for students using education loans [4] - HDFC Credila is India's first dedicated Education Loan Company, offering customized student loans with unique features and benefits [5] - The partnership positions Flywire as the preferred payment method for students using Credila as their primary loan provider [8] - Flywire estimates the Indian student loan market opportunity to be approximately $3+ billion in annual payment volume [7] Market Opportunity and Growth - Flywire expands its footprint in India to capitalize on the billions of dollars of payment volume from education loans [3] - In the first half of 2023, NBFCs in India witnessed a growth of over 43% in their education loan book, driven by demand for overseas education loans [8] - Flywire has established direct integrations with India's three largest banks: State Bank of India, HDFC Bank, and ICICI Bank, accelerating its footprint across the region [10] - Flywire has invested in local payer support, offering around-the-clock support in 8 Indian languages and expanding its network of education agents and counselors [10] Operational Benefits - The partnership with HDFC Credila enables Indian payers to seamlessly and digitally disburse their loan payments in Indian Rupees directly to higher education institutions worldwide [7] - Flywire's solution allows students to track payments through to when funds are delivered to their university [8] - Flywire's software and payments technology provide full visibility into each loan payment, streamline refunds, and simplify Tax Collected at Source (TCS) calculations, ensuring compliance with tax regulations [15] Strategic Impact - The partnership with HDFC Credila builds on Flywire's existing success in India and helps the company capitalize on the significant market opportunity around Indian student loans [7] - Flywire's collaboration with HDFC Credila solves critical market needs for both students and lenders, improving the way student loans are disbursed from India [9] - HDFC Credila benefits from full transparency and trackability of overseas payments through the partnership with Flywire [9]

Partnership Overview - Flywire partners with HDFC Credila, India's largest private student loan provider, to digitize cross-border payments for Indian students studying abroad [1][4] - The partnership enables Indian students to pay their educational institutions directly in Indian Rupees, simplifying the payment process [2][4] - Flywire estimates the Indian student loan market to be approximately $3+ billion in annual payment volume [4] Benefits for Stakeholders - HDFC Credila gains full transparency and trackability of overseas payments, while students benefit from an upgraded payment experience [2][5] - Flywire's technology simplifies Tax Collected at Source (TCS) calculations, saving time and money for both students and loan providers [5][7] - The partnership positions Flywire as the preferred payment method for students using HDFC Credila as their primary loan provider [17] Market Opportunity and Expansion - Flywire aims to capitalize on the significant market opportunity in India, where education loans are in high demand, with NBFCs witnessing a 43% growth in their education loan book in the first half of 2023 [17] - The company has expanded its footprint in India by establishing direct integrations with the country's three largest banks: State Bank of India, HDFC Bank, and ICICI Bank [14] - Flywire has invested in local payer support, offering around-the-clock assistance in 8 Indian languages and expanding its network of education agents and counselors [14] Company Background - Flywire supports over 4,000 clients with diverse payment methods in more than 140 currencies across 240+ countries and territories [3] - The company specializes in vertical-specific software and payments technology, serving education, healthcare, travel, and key B2B industries [10] - HDFC Credila has funded over 178,000 Indian students pursuing 3,300+ courses across 4,600+ universities in 63 countries since its inception [19] Strategic Impact - The partnership builds on Flywire's existing success in India and aligns with the growing trend of Indian students seeking overseas education [4][13] - Flywire's collaboration with HDFC Credila addresses a critical market need by streamlining the traditionally complex process of cross-border education payments [7][8] - The initiative enhances Flywire's position as a global leader in payments enablement and software solutions for education-related transactions [18]

BOSTON, May 14, 2024 (GLOBE NEWSWIRE) -- Today, Flywire Corporation (Flywire) (NASDAQ:FLYW) a global payments enablement and software company, announced that it has strengthened its offerings for students and institutions with the expanded availability of its third-party invoicing solution, which streamlines the payment experience for third-party sponsors paying a student's tuition and fees. Leveraging Flywire's solution, institutions around the world can reduce their administrative burden, ease reconciliat ...

IÂ'd like to briefly discuss how we grew across our four verticals during the first quarter, in line with those growth pillars. Starting with education with an estimated TAM of $660 billion, we saw an increase in new clients signed and an increase in our percentage of win rate compared to Q1 of last year. For example, we went live with Kookmin University in South Korea, which is a solid growth region for us. Kookmin University is a leading private university founded in 1946 and is the seventh largest univer ...

It whiffed on the bottom line in its latest earnings report, and revenue guidance only met expectations.The market wasn't willing to take flight with financial software company Flywire (FLYW -16.07%) on Wednesday. After the company published its latest set of quarterly results after market hours the previous day, investors assertively traded out of the stock. It ended up closing down by more than 16% in price on a day when the bellwether S&P 500 index moved sideways.Revenue rose, but net loss deepenedOn the ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-40430 FLYWIRE CORPORATION (Exact Name of Registrant as Specified in its Charter) Delaware 27-0690799 (State or other jurisdiction ...

Exhibit 99.1 Flywire Reports First Quarter 2024 Financial Results First Quarter Revenue Increased 21% Year-over-Year First Quarter Revenue Less Ancillary Services Increased 24% Year-over-Year Company Provides Second Quarter and Fiscal-Year 2024 Outlook Boston, MA – May 7, 2024: Flywire Corporation (Nasdaq: FLYW) (“Flywire” or the “Company”) a global payments enablement and software company, today reported financial results for its first quarter ended March 31, 2024. “We are pleased with our 2024 first quart ...