Flywire offers a cloud‑based payments platform that lets businesses accept and settle cross‑border payments in over 140 currencies through a proprietary global network of banks and local payment partners. The solution provides API, Pay‑by‑Link and hosted checkout integrations, automated reconciliation, real‑time reporting, and built‑in AML and fraud controls to streamline finance operations for sectors such as education, travel, B2B services, and healthcare.
Funding
$260.1M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Organizations that need to receive payments from international payers face fragmented banking relationships, high transaction fees, and complex currency conversions. Managing reconciliation across dozens of currencies and jurisdictions often requires manual effort and custom integrations, slowing cash flow and increasing operational risk. These challenges are amplified in regulated sectors such as education, travel, B2B services, and healthcare, where compliance and reporting requirements are stringent.
Solution
Flywire provides a cloud‑based payments platform built on a proprietary global payment network that connects directly to a curated set of banking and local payment partners. The platform enables businesses to accept payments in over 140 currencies and settle in their preferred local currency, reducing conversion costs and eliminating the need for multiple banking relationships. Integrated vertical‑specific software embeds payment workflows into existing ERP, CRM, and web applications via API, Pay‑by‑Link, and hosted checkout components. Real‑time transaction monitoring, automated reconciliation, and built‑in compliance tools streamline finance operations and improve cash visibility. The solution also offers secure, PCI‑DSS compliant processing and fraud‑prevention controls to meet regulatory standards across industries.
Target Audience
Primary customers are education institutions, travel operators, B2B enterprises, and healthcare providers that require reliable, cross‑border payment processing and integrated financial workflows.
Features
- Proprietary global payment network with direct connections to leading banks and regional payment providers in 240+ countries
- Multi‑currency acceptance and settlement engine supporting 140+ currencies with transparent FX rates and low transaction fees
- API, Pay‑by‑Link, and hosted Checkout integrations for seamless embedding into ERP, CRM, and web platforms
- Vertical‑specific dashboards and invoicing tools for education, travel, B2B, and healthcare workflows
- Automated reconciliation and real‑time reporting with export to accounting systems via SSO and data connectors
- Built‑in compliance, AML screening, and fraud‑prevention modules meeting PCI‑DSS and industry regulations
- Cloud‑native architecture with high availability, end‑to‑end encryption, and role‑based access controls