Payment Network and Processing Platform Flywire Raises $100M in Series D

fintechFlywire, 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.



Join the discussion