Flywire

Flywire is a global payments and software company headquartered in Boston that focuses on high-value, operationally complex payment flows in four verticals: education, travel, business-to-business, and healthcare. Its offering combines a cross-border payment network with vertical-specific software that integrates into clients' core systems. The company states it supports more than 1,200 local payment methods across 240+ countries and territories and 140+ currencies, and offers over 100 pre-built, certified integrations with ERP, SIS, CRM and EHR systems [0][1].

In education, Flywire positions itself as a tuition management platform covering the full student financial lifecycle for both domestic and international students. Components include international payment acceptance, Student Financial Software (SFS) for billing, payment plans and past-due collections in the US and UK, agent payment management across a network of more than 20,000 education recruitment agents and counselors, 529 disbursements and third-party invoicing in the US, US loan disbursements for students at UK institutions, and StudyLink, an international admissions workflow product for Australian and UK institutions [4]. In B2B the company offers invoice-to-cash automation with embedded cross-border collection; in travel it supports luxury bookings and hotel event payment workflows; in healthcare it supports revenue cycle management and patient bill payment online or in person [0][1]. For payers, Flywire provides a self-service flow to select a payment method, submit details, receive payment instructions and track status, backed by multilingual, round-the-clock support and a help center covering payments, refunds, account security and region-specific payment requirements [2][3].

Business model

Flywire sells to institutions and businesses in education, travel, B2B and healthcare that need to collect payments, while the end payers (students, patients, travelers, corporate customers) transact through Flywire's payer-facing flow. The company describes a combined model of payment processing plus vertical software deeply integrated into client core systems, with in-region industry teams [0][1][4].

For education, Flywire states that international and domestic payment processing is transaction-based, while Student Financial Software (SFS) is sold as a SaaS subscription [4].

Traction

Company-reported figures include 5,300 clients across more than 50 countries, $37 billion in annual global education payment volume, 205,000+ at-risk student enrollments saved through Flywire SFS, 929,000+ payment plans activated since the SFS launch, integration with 70+ student information and education systems, and a network of 20,000+ education agents and counselors [0][1][4].

Latest developments

Current company materials emphasize Student Financial Software for the US and UK, StudyLink admissions workflow for the UK and Australia, UK loan disbursement automation, and 529 disbursement and third-party invoicing capabilities in the US [4].