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Flywire Corporation  (FLYW)
Other Ticker:  
 
    Sector  Services    Industry Professional Services
   Industry Professional Services
   Sector  Services
 
Price: $25.6000 $0.13 0.510%
Day's High: $25.67 Week Perf: -1.65 %
Day's Low: $ 25.12 30 Day Perf: 13.02 %
Volume (M): 1,714 52 Wk High: $ 35.80
Volume (M$): $ 43,868 52 Wk Avg: $27.78
Open: $25.25 52 Wk Low: $18.65



 Market Capitalization (Millions $) 3,212
 Shares Outstanding (Millions) 125
 Employees -
 Revenues (TTM) (Millions $) 376
 Net Income (TTM) (Millions $) -11
 Cash Flow (TTM) (Millions $) 287
 Capital Exp. (TTM) (Millions $) 1

Flywire Corporation
Flywire Corporation is a global payment and receivables platform for businesses, educational institutions, and healthcare providers. The company was founded in 2009 by Iker Marcaide and has its headquarters in Boston, Massachusetts. Flywire is an innovative payment processing company that enables cross-border payments across various currencies and payment methods.

Flywire Corporation has revolutionized the payment industry by introducing a platform that improves the payment experience for customers by offering a more streamlined, user-friendly, and secure way to make transactions. The companyes platform enables businesses to receive payments in multiple currencies from customers around the world. It also facilitates payment tracking, reconciliation, and compliance with regulatory requirements.

Flywire Corporation provides its services to various industries, including education, healthcare, travel, and business services. The company has partnerships with over 2,000 educational institutions, 1,000 providers in the healthcare industry, and over 500 businesses worldwide. The company has processed more than $16 billion in transactions since its inception and has a presence in over 200 countries.

Flywirees payment processing platform offers multiple features that set it apart from other payment platforms. The platform is flexible and allows for multiple payment options, including credit and debit card payments, bank transfers, and PayPal. The company utilizes advanced fraud detection and prevention capabilities to ensure that payment transactions are safe and secure.

In addition to payment processing, Flywire Corporation also provides analytical insights to its clients. The companyes proprietary data analytics platform provides insight into customer behavior, revenue forecasting, and market trends. It also provides tools for reconciliation, reporting, and compliance, making it easy for businesses to stay on top of their finances.

Flywire is a fast-growing company that is rapidly expanding its services across industries and regions. The company has received funding from investors such as Spark Capital, Fidelity, and Temasek, and has made strategic acquisitions to expand its presence in various markets. Over the years, Flywirees focus on customer experience, innovation, and global expansion has positioned it as a leader in the payment processing industry.


   Company Address: 141 Tremont St #10 Boston 2111 MA
   Company Phone Number: 329-4524    Stock Exchange / Ticker: NASDAQ FLYW
   


   

Stock Performances by Major Competitors

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Partnership

Modernizing Education Payments in India: Flywire's Collaboration with State Bank of India

Published Tue, Feb 6 2024 1:00 PM UTC

In an effort to streamline and digitize education payments from India, global payment solutions provider Flywire has forged a partnership with the renowned State Bank of India (SBI). This collaboration aims to simplify the payment process for Indian students studying abroad while ensuring efficiency and transparency in financial transactions.Outline of Facts:1. Background:Th...

Flywire Corporation

Flywire Corporation Sets Unprecedented Revenue Records, Surpassing Sector Peers in Profitable Breakthrough!



In a notable breakthrough, Flywire Corporation, a leading Professional Services company, has achieved profitable status due to remarkable revenue advancements. With revenue increasing by an impressive 29.497% to reach $123.32 million, the company's earnings per share (EPS) also experienced a significant uptick, moving from $-0.04 to $0.08 in the financial period concluding on September 30, 2022. This remarkable performance far outshines its sector peers, as Flywire Corporation continues to lead the way in revenue growth.
Unparalleled Revenue Growth:
The growth trajectory of Flywire Corporation's revenue surpassed even the top performers in the Professional Services sector. During the third quarter of 2023, the average revenue advancement for the two closest sector competitors stood at 8.31% compared to the corresponding period the previous year. In contrast, Flywire Corporation's revenue increased by a staggering 45.31% from $84.87 million. This unprecedented achievement establishes Flywire Corporation as the indisputable front-runner in the sector.

Product Service News

Flywire: Expanding Horizons in the Australian Higher Education Market

Published Tue, Nov 7 2023 9:05 PM UTC


Flywire, a leading payments and receivables company for education, healthcare, and travel, has announced its acquisition of StudyLink, an Australian-based international student engagement platform. This strategic move aims to accelerate Flywire's growth and presence in the Australian higher education market by integrating StudyLink's comprehensive suite of admission, ap...

Flywire Corporation

Flywire Corporation Shows Resilience in 2Q 2023 with Narrowed Loss of $-0.15 per Share Amidst Revenue Surge and Industry Outperformance

Flywire Corporation, a leading Professional Services company, recently released its financial results for the second quarter of 2023 earnings season. Despite reporting a loss of $0.15 per share, the company demonstrated significant improvement compared to a year ago when it recorded a loss of $0.22 per share. Furthermore, Flywire Corporation's loss narrowed from $0.03 per share in the previous reporting period, indicating positive progress.
While the company faced challenges in terms of profitability, its revenue experienced substantial growth, increasing by a remarkable 50.112% to $84.87 million compared to $56.54 million in the same reporting period last year. However, there was a slight decline of -10.055% in sequential revenue when compared to $94.36 million in the previous period. Nevertheless, Flywire Corporation outperformed its industry peers, as the rest of the Professional Services sector reported a modest 6.89% top-line advancement during the same period, highlighting the company's ability to generate higher revenue growth.






 

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