Unicorn company in the payment space.
According to crunchbase news news, United States Flywire raise 1.2 $ 100 million in Series E financing led by Goldman Sachs, with Tiger Management, Adage Capital Management and Temasek Holdings participating. After this round of financing, Flywire has a valuation of more than $ 1 billion.
Flywire is a payment software developer , founded in 2011, headquartered in Boston, USA, founded by Iker Marcaide. Travel and other companies provide payment solutions.
Flywire has built software to help businesses process payments, and has object-oriented vertical markets in education, healthcare, and tourism . Because the payment systems of these three industries are basically weak, Flywire’s payment software can bring them great convenience.
Flywire official website
Flywire’s revenue source is composed of two parts, one is the sales revenue provided by the payment software, and the other is the revenue generated by users during the transaction.
Flywire states that the companyThe company processed more than $ 12 billion in total payments, including seven of the Ivy League schools, the top four hospitals in the United States, and a number of travel agencies. Fiywire can pay in more than 150 currencies in more than 200 countries.
Flywire also announced that it has acquired Simplee, a payment software developer focused on the healthcare industry, which has raised $ 36.4 million in venture capital. The acquisition also expanded its business scope, as Simplee has offices in Palo Alto and Tel Aviv. In addition to its Boston headquarters, Flywire also has 10 offices in Europe and Asia.
Apart from Flywire, the United States’ largest fintech startup Stripe is also developing a payment business, and the company’s current valuation has exceeded $ 35 billion. The San Francisco company has provided payment technology support to a large number of digital companies, and more e-commerce companies will adopt its technology in the future.