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Flywire Payments Corporation
Flywire Payments Corporation was founded in 2009 by Mike Massaro and a team of payments veterans to solve the friction in international tuition payments.
Flywire Payments Corporation
Flywire Payments Corporation was founded in 2009 by Mike Massaro and a team of payments veterans to solve the friction in international tuition payments. The company emerged from the Boston-area payments ecosystem and has since expanded its platform to serve multiple industries. The firm's strategy focuses on vertical-specific payment software: it automates receivables for education institutions, healthcare providers, and business-to-business merchants. Flywire operates across 140 countries and supports over 120 currencies, processing payments for more than 2,400 clients including universities like Harvard and Johns Hopkins (per public record). The platform integrates into client billing systems using a mix of ERP integrations, portals, and APIs. Flywire has raised over $200M in venture funding from investors including Goldman Sachs, F-Prime Capital, and Temasek (per public record). The firm went public via an IPO on the Nasdaq in May 2021, listing under the ticker FLYW. It maintains dual headquarters in Boston and Mumbai, with additional offices in the UK and Singapore. The firm's structural differentiator is its payment-stacking model: Flywire issues money transmitter licenses in all 50 US states and holds licenses in multiple jurisdictions, enabling it to route cross-border payments natively without relying on intermediary banks. This vertical integration reduces trace fees and improves settlement speed for clients, creating a defensible technology moat.
General information
Firm type
other
Year founded
2009
AUM
Undisclosed
Location
Region
Asia
Country
India
City
Mumbai
Corporate office
Mumbai, India
Additional offices
Boston, United States
Principals
Mike Massaro
CEO
Rob Orgel
President & COO
David King
CFO
Frequently asked questions
Who controls investment decisions at Flywire?
Mike Massaro has served as CEO since the company's founding in 2009 and leads strategic direction. The board includes representatives from major investors such as Goldman Sachs and F-Prime Capital (per SEC filings).
How does Flywire's payments model differ from general processors?
Flywire issues money transmitter licenses across all 50 US states and maintains localized licenses globally, allowing it to clear cross-border payments as a principal rather than relying on correspondent banks. This vertical integration gives clients lower fees and faster settlement (per public record).
Which verticals does Flywire target?
The firm focuses on three verticals: education, healthcare, and B2B payments. Within education, it processes tuition and fee payments for universities; in healthcare, it handles patient billing and insurance reconciliation; for B2B, it automates accounts receivable for mid-market enterprises (per the firm's public communications).
Has Flywire been publicly traded?
Yes. Flywire went public on the Nasdaq in May 2021 under the ticker FLYW, raising approximately $250M in its IPO (per SEC filings).
Does Flywire invest in other companies or operate like a family office?
No. Flywire operates as a publicly traded payments technology company, not a family office or investment firm. This profile treats it as a corporate entity, not an allocator of capital.
What is the geographic scope of Flywire's operations?
The company has dual headquarters in Boston and Mumbai, with additional offices in the UK and Singapore. Its network spans 140 countries and supports 120+ currencies (per public record).
Does Flywire face regulatory risk?
Yes, as a money services business, Flywire must maintain money transmitter licenses in all states where it operates and comply with international AML/KYC regulations. The firm has been active in regulatory compliance since its founding (per SEC filings).
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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