Flywire, a Boston, MA-based global payment network and processing platform, raised $100M in Series D funding.
The round was led by Temasek, joined by existing investors Bain Capital Ventures and F-Prime Capital.
The company intends to use the funds to accelerate its growth in North America, Europe and Asia-Pacific while also establishing a presence in emerging markets such as Latin America, the Middle East and Africa, expanding its share of the $ trillion+ commercial payments and receivables sector and bringing new domestic payment capabilities added via its recent acquisition of OnPlan Holdings to Europe and Canada.
Led by Mike Massaro, CEO, Flywire provides a global payment network and processing platform which has processed over $8 billion for over 1,400 clients in business, education and healthcare. Its suite of products include OnPlan, a domestic billing and payment solution for pre-collection and payment plans. The company also supports its clients with multilingual servicing via phone, email, and chat, as well as around-the-clock online payment tracking.
With Flywire, businesses and institutions can offer their payers a secure payment experience – customized by business, country, and currency – while accelerating funds flow and streamlining operational expense.
The company also has offices in Chicago, London and Manchester (UK), Valencia (Spain), Shanghai, Singapore, Tokyo, Cluj (Romania), and Sydney.