Flywire Corp Stock Price, News & Analysis

Flywire Corporation (NASDAQ: FLYW) has partnered with Ascensus to digitize tuition payments from 529 college savings plans to U.S. educational institutions. This collaboration enables families using Ascensus' platform to directly disburse funds for tuition expenses, improving the payment process and reconciliation for schools. With tuition costs rising, 529 plans are increasingly popular, having reached $394 billion in assets as of 2020. The new solution addresses inefficiencies in traditional check-based payments, streamlining transactions, and providing immediate payment visibility for families and schools.

Flywire (Nasdaq: FLYW) has announced the release date for its fourth quarter and full year 2021 financial results, set for March 2, 2022, after market close. A conference call with CEO Mike Massaro, President Rob Orgel, and CFO Mike Ellis will follow at 5:00 PM ET to discuss the results. The call will be webcast live on the company's investor relations website, with a replay available afterwards. Flywire specializes in payments enablement and software integration, serving over 2,400 clients across various sectors globally.

Flywire has announced its acquisition of WPM, a U.K.-based software provider specializing in payments for higher education institutions. This strategic move is expected to enhance Flywire's product offerings and expand its reach in the U.K. education sector, which has an estimated payment volume of $30 billion. The integration aims to improve client experiences through Flywire's advanced payment platform and global network. CEO Mike Massaro highlighted that this acquisition aligns with their growth strategy. WPM's established presence with over 170 clients reinforces Flywire's commitment to a growing market.

Flywire Corporation (Nasdaq: FLYW) announced CEO Mike Massaro's participation in a virtual fireside chat at the Raymond James Technology Investors Conference on December 6, 2021, starting at 8:00 am ET. The event will be available via live webcast on Flywire's investor relations website, with a replay accessible for 90 days afterward. Flywire specializes in global payments enablement and software, serving over 2,500 clients in diverse sectors including education and healthcare, with a broad network supporting payments in 140 currencies across 240 countries.

Balderton Capital has launched its largest-ever fund of $600m to support early-stage startups, complementing its Growth fund raised earlier this year. The firm is now deploying over $1.2bn across Europe, leveraging its extensive investment team of 25 experts. Balderton has made close to 300 investments, including 20 new startups in various sectors. Its portfolio companies have raised over $6bn in follow-on funding this year, highlighting a successful track record with 13 companies reaching unicorn status.

Flywire Corporation (Nasdaq: FLYW) has announced its participation in several upcoming virtual investor conferences. The events include a fireside chat at the Citi FinTech Conference on November 15, 2021, at 3:00 PM ET, and another at the RBC Global TIMT Technology Conference on November 16, 2021, at 2:40 PM ET. Additionally, a fireside chat will take place at the J.P. Morgan Ultimate Services Conference on November 18, 2021, at 10:15 AM ET. Live webcasts can be accessed via Flywire’s investor relations website, with replays available for 90 days.

Flywire Corporation (NASDAQ: FLYW) reported a robust third quarter of 2021 with a 61% increase in revenue year-over-year, reaching $67.8 million. The company's total payment volume surged by 76% to $5.3 billion, demonstrating strong performance across all business segments. Revenue less ancillary services also rose 67% to $62.0 million. Flywire projected fiscal year 2021 revenue between $190 million and $193 million, indicating continued growth. The adjusted EBITDA for Q3 stood at $17.6 million, marking an increase from the previous year.

Flywire Corporation (Nasdaq: FLYW) will release its third quarter 2021 financial results on November 9, 2021, after market close. A conference call to discuss these results will take place at 5:00 PM ET the same day, hosted by CEO Mike Massaro, President and COO Rob Orgel, and CFO Mike Ellis. The call will be available live on Flywire’s investor relations website, and a replay will be accessible afterward. Flywire offers global payment solutions and serves over 2,400 clients across various sectors, including education, healthcare, and travel.