Welcome to our dedicated page for Flywire news (Ticker: FLYW), a resource for investors and traders seeking the latest updates and insights on Flywire stock.
Flywire Corporation (Nasdaq: FLYW) is a global payments enablement and software company whose news flow reflects developments across education, healthcare, travel, and B2B payments. As a provider of a proprietary global payments network, a next-generation payments platform, and vertical-specific software, Flywire regularly issues updates on client wins, product enhancements, partnerships, and financial performance.
Readers following Flywire news can expect announcements about integrations with major systems and partners, such as its expanded partnership with Workday Student and its direct connection with TenPay Global to offer Weixin Pay (WeChat Pay) for Chinese students paying tuition in South Korea and Malaysia. The company also highlights enhancements to its Student Financial Software for U.S. and U.K. higher education institutions, including real-time ERP integrations and solutions for managing U.S. loan disbursements in the U.K. market.
Flywire’s news stream also includes updates from the travel vertical, such as being selected as the exclusive payments partner for luxury and adventure operators like Quasar Expeditions, as well as broader commentary on growth in ocean-based travel experiences. In addition, investors can find earnings-related releases, including quarterly financial results, guidance commentary, and descriptions of non-GAAP metrics discussed in conjunction with SEC filings.
For those tracking FLYW, this news page brings together company press releases on product innovation, sector-specific initiatives, client conferences like Flywire Fusion, and participation in investor conferences. It offers a centralized view of how Flywire is evolving its payments and software capabilities across global markets and verticals over time.
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Flywire Corporation (Nasdaq: FLYW) announced its participation in several key investor conferences. The events include:
- March 6, 2023: Raymond James 44th Annual Institutional Investors Conference in Orlando, FL.
- March 13, 2023: Loop Capital Markets Conference in New York, NY.
- March 14, 2023: Wolfe Research FinTech Forum in New York, NY, featuring a fireside chat at 1:10 pm ET.
- March 21, 2023: Virtual Bank of America Securities 2023 Electronic Payments Symposium, with a fireside chat at 10:15 am ET.
These discussions will be webcast live and available for replay for 90 days on Flywire’s investor relations website.
Flywire Corporation reported robust financial growth in its fourth quarter and fiscal year 2022. Revenue increased by 42% year-over-year to $73.1 million, while gross profit rose by 35% to $41.5 million. Net loss narrowed to $1.1 million from $11.2 million in the prior year. For fiscal year 2022, total revenue surged 44% to $289.4 million. The company anticipates first quarter 2023 revenue between $85 million and $91 million, and fiscal-year 2023 revenue between $373 million and $392 million, reflecting strong demand across various sectors.
Flywire has announced a partnership with FranConnect to enhance the payment experience for franchisors, facilitating both domestic and international transactions. This integration will allow franchisors to efficiently collect royalties and fees in various currencies through Flywire’s B2B payments platform. The partnership aims to streamline payment processes, reduce costs, and improve cash flow for franchise businesses. In the context of a growing franchise industry that contributes significantly to the U.S. economy, this collaboration positions Flywire as a vital player in supporting franchisors looking to expand globally.
Flywire Corporation (Nasdaq: FLYW) will release its fourth quarter and full year 2022 financial results on February 28, 2023, after market close. A conference call is scheduled for 5:00 PM ET that same day, featuring CEO Mike Massaro, President Rob Orgel, and CFO Mike Ellis.
The call will be accessible via a live webcast on Flywire’s investor relations website, with a replay available afterward. Flywire specializes in global payments enablement and software, serving over 3,000 clients across various sectors like education, healthcare, and travel, utilizing a proprietary global payments network.
Flywire has announced the appointment of Diane Offereins to its Board of Directors, effective immediately, while Yvonne Hao and Jo Natauri have stepped down. Offereins, currently EVP and President at Discover Financial Services, brings extensive experience in payments and financial services, having led Discover's payments business, which handled over $500 billion in transactions in 2021. CEO Mike Massaro noted her potential to drive Flywire's growth, highlighting the board's evolution following Natauri and Hao's contributions.
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Flywire Corporation (FLYW) has partnered with HDFC Bank to streamline international education payments for Indian students. This fully digital checkout process simplifies compliance with the Liberalised Remittance Scheme (LRS), allowing students to pay tuition fees directly in Indian rupees. The integration provides education institutions with timely payments and full transaction transparency. As Indian students increasingly seek higher education abroad, this partnership addresses their need for simplified, fast payment solutions, promising to enhance their overall educational experience.
Flywire Corporation (Nasdaq: FLYW) recently announced its participation in several upcoming investor conferences. The management team will host a fireside chat at the Citi 2022 Global FinTech Conference on November 14, 2022, at 2:15 PM ET, followed by the Credit Suisse 26th Annual Technology Conference on November 29, 2022, at 4:20 PM ET, and the Wells Fargo 6th Annual TMT Summit on November 30, 2022, at 1:40 PM ET. These events will be webcast live, with replays available for 90 days on the company's investor relations website.