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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) reported a 21% increase in revenue in the first quarter of 2024, reaching $114.1 million. Net loss was $6.2 million, up from $3.7 million in the same period in 2023. Total Payment Volume rose by 23% to $7.0 billion. The Company signed over 200 new clients, strengthened its management team, and expanded partnerships with key entities. Flywire projects revenue of $491 to $519 million for Fiscal-Year 2024.
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