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 provides global payments enablement and vertical-specific software for complex domestic and cross-border payment workflows. Its platform combines a proprietary global payment network, payments technology and software embedded in accounts-receivable processes for education, healthcare, travel and B2B clients.
Company updates commonly cover quarterly and annual results, total payment volume, revenue less ancillary services, adjusted profitability measures, guidance and share repurchase activity. Recurring operational developments include university tuition management deployments, Student Financial Software, invoice-to-cash automation, enterprise customer agreements, ERP integrations such as NetSuite, investor conferences and board or leadership changes.
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.
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Flywire Corporation (Nasdaq: FLYW) has appointed Yvonne Hao to its Board of Directors effective September 23, 2021. A former senior executive at PillPack, Hao brings extensive experience in technology and operational leadership. She was instrumental in PillPack's $750 million sale to Amazon and has held various roles at Bain Capital and Honeywell. CEO Mike Massaro emphasized her unique insights and strategic expertise as vital for Flywire’s growth. Hao expressed enthusiasm about enhancing Flywire's innovative payment solutions and contributing to its operational success.
Ontario Systems, a leader in enterprise workflow automation software, has partnered with Flywire Corporation (Nasdaq: FLYW) to provide a digital patient engagement solution for healthcare clients. This solution integrates Flywire's omni-channel tools into Ontario's Artiva HCx™ platform, enhancing patient financial experiences and increasing collections efficiency. The partnership aims to modernize payment processes and improve client productivity by offering self-service options for patients, thereby addressing rising demands for user-friendly payment methods.