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.
Flywire (NASDAQ: FLYW) and Ascensus have announced processing over $2 billion in electronic 529 tuition payments directly to U.S. colleges and universities throughout 2024. The partnership has expanded to cover more than 40 Ascensus-administered 529 savings programs and over 750 institutions.
The digital payment solution has eliminated over 200,000 paper checks in 2024, replacing manual processing with a fully digital payment and reconciliation system. The integration streamlines the payment process by connecting directly to institutions' student databases, making it efficient for schools regardless of their existing relationship with Flywire.
The direct-to-school digital delivery option provides families with an intuitive user experience for accessing their education savings, while helping institutions reduce administrative backlogs and payment delays. Six additional plans have signed on in 2024, demonstrating growing adoption of the digital disbursement technology.
Flywire (Nasdaq: FLYW), a global payments enablement and software company, has announced its participation in three major investor conferences in March 2025:
- Raymond James Institutional Investors Conference in Orlando, FL on March 3, 2025, featuring investor meetings
- Morgan Stanley Technology, Media & Telecom Conference in San Francisco, CA on March 5, 2025, with a fireside chat at 12:20pm PST
- Wolfe FinTech Forum in New York, NY on March 11, 2025, including a fireside chat at 8:40am EST
The fireside chat discussions will be available via live webcast on Flywire's investor relations website, with replays accessible for 90 days after the events.
Taktile, a decision automation platform, has secured $54 million in Series B funding led by Balderton Capital, bringing total funding to $79 million. The company has shown remarkable growth in 2024, quadrupling its customer base and achieving 3.5x growth in ARR.
Operating across 24 markets, Taktile serves fintech companies like Mercury, Kueski, and Zilch, alongside major financial institutions including Allianz and Rakuten Bank. The platform processes hundreds of millions of risk decisions monthly, enabling business teams to build transparent AI-powered risk decisioning systems.
Notable customer successes include helping Zilch reduce service costs by 50%, enabling Zippi to achieve 67% faster policy logic deployment, and reducing Breakout Finance's underwriting time by 95%. The funding will accelerate Taktile's momentum in equipping business teams with AI-powered risk decisioning tools.
Flywire (FLYW) reported Q4 2024 financial results with revenue increasing 17.0% year-over-year to $117.6 million. The company's total payment volume grew 27.6% to $6.9 billion in Q4 2024.
Key Q4 metrics include: gross profit of $74.3 million (63.2% margin), net loss of $15.9 million, and adjusted EBITDA of $16.7 million. The company added over 180 new clients in Q4, bringing the total client growth to 16% year-over-year.
Notable developments include:
- Announcement of restructuring impacting 10% of workforce
- Acquisition of Sertifi to expand Travel vertical
- Repurchase of 2.3 million shares for approximately $44 million
For fiscal-year 2025, Flywire projects revenue less ancillary services growth of 10-14% on an FX-neutral basis, with a 200-400 basis point increase in adjusted EBITDA margin. The Sertifi acquisition is expected to provide incremental revenue of $30.0-40.0 million in fiscal year 2025.
Flywire (NASDAQ: FLYW) has acquired Sertifi, a hospitality software and payments platform, for $330 million through a combination of cash and debt. The acquisition expands Flywire's travel business by integrating Sertifi's platform, which serves over 20,000 hotel locations globally, including major brands like Marriott, Hilton, and Hyatt.
Sertifi's SaaS platform specializes in digitizing hotel workflows for events and group booking sales, featuring integrations with major Property Management Systems. The acquisition is expected to add $35-40M in revenue for FY 2025, with gross margins similar to Flywire's existing operations. While Sertifi is anticipated to maintain positive Adjusted EBITDA, its margin percentage will be lower than Flywire's overall margins due to growth investments.
Flywire (Nasdaq: FLYW) has scheduled the release of its fourth quarter and full year 2024 financial results for Tuesday, February 25, 2025, after market close. The company will host a conference call at 5:00pm ET on the same day to discuss the results. The call will feature CEO Mike Massaro, President and COO Rob Orgel, and CFO Cosmin Pitigoi. Investors can access the webcast through Flywire's investor relations website, where a replay will also be available after the call.
State Bank of India (SBI) has enhanced its partnership with Flywire (FLYW) to enable digital disbursement of education loans in Indian Rupees directly to global higher education institutions. The collaboration expands SBI's 'Global Ed-Vantage' overseas education loan program, which processes approximately $890 million in annual loan volume for international students.
The integration provides Indian students with a fully digital experience for tuition fee payments and loan disbursements, while ensuring compliance with Liberalized Remittance Scheme (LRS) requirements. Educational institutions receiving payments through Flywire benefit from timely payments, complete transaction transparency, and improved reconciliation processes.
Flywire (NASDAQ: FLYW) has announced a strategic partnership with Blackbaud (NASDAQ: BLKB) to streamline international tuition payments for K-12 schools in the United States. The integration will serve over 1,000 U.S. independent schools, enabling seamless payment processing for international students through Blackbaud's Tuition Management platform. The partnership addresses the challenges of international tuition payments, which can range from $4,200 to over $29,000 annually, by eliminating complexity and high fees associated with traditional international wires and credit cards. The solution offers real-time payment processing, multilingual support, and improved payment visibility for both schools and families.
Flywire (FLYW) has appointed Carleigh Jaques to its Board of Directors and Audit Committee. Jaques brings extensive fintech and payments experience from her 15-year career at Visa, where she most recently served as SVP, Global Head of Risk & Identity Solutions. Her notable achievements include accelerating Visa's global fraud detection business, leading the Cybersource gateway expansion, and founding the Corporate Development and Venture function, where she managed Visa's $23 billion acquisition of Visa Europe. Jaques is an Advisory Board Member at the Wharton AI & Analytics Initiative and has been recognized among the Most Influential Women in Payments.
Flywire (FLYW), a global payments enablement and software company, has announced its participation in three upcoming investor conferences in November and December 2024. The company will attend the Stephens Annual Investment Conference in Nashville on November 19, participating in a fireside chat at 12:00pm CT. On November 20, they will join the FT Partners FinTech Conference in New York for investor meetings. Finally, on December 3, they will participate in a fireside chat at 9:35am MT during the UBS Global Technology and AI Conference in Scottsdale. The fireside discussions will be webcast live on Flywire's investor relations website, with replays available for 90 days.