Flywire is also announcing a $120 million Series E investment round led by Goldman Sachs, which will support Flywire’s ongoing investment in its multi-vertical strategy. This latest round brings the company’s total capital investment to $260 million. Tiger Management and Adage Capital Management also joined the round as new investors with participation from existing investors.
“We are thrilled to lead the Series E round for Flywire,” said Ashwin Gupta, Managing Director at Goldman Sachs’ Merchant Banking Division. “They bring together a unique blend of a payments network, platform and vertical-specific solutions to completely digitize the payments experience for their clients across industries. We look forward to continuing to help accelerate Flywire’s growth.”
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Flywire is a high-growth vertical payments company trusted by organizations around the world to deliver on their customers’ most important moments. Unlike other companies, Flywire is proven to solve vertical-specific payment and receivables problems for organizations that deliver high-value services. Whether in education, healthcare, travel or technology, Flywire has vertical-specific insight and technology that allows organizations to optimize the payment experience for their customers while eliminating operational challenges. To date Flywire has processed over $12 billion in total payments volume for over 2,000 clients around the world. The company is headquartered in Boston, MA, USA and has offices around the world. For more information, visit www.flywire.com. Follow Flywire on Twitter, LinkedIn and Facebook.
Simplee, which has raised $36.4 million in venture capital funding, founded the patient financial care movement. It provides a leading technology platform for engaging patients and addressing affordability with personalized paths to payment. Simplee’s platform, Peer Reviewed by HFMA, leverages information from billions of patient interactions and proprietary healthcare tuned algorithms to drive a recommendation engine for patient payments and engagement. Back to HCB News