Flywire (founded as peerTransfer) is a global payments-enablement and software company that handles high-value, complex cross-border payments for education, healthcare, travel and B2B clients, combining a proprietary global payment network with vertical-specific receivables software. Started in 2009 in Valencia by MIT student Iker Marcaide after struggling to pay his own tuition from abroad, it moved its headquarters to Boston, rebranded from peerTransfer to Flywire in 2015, and in May 2021 became the first Spanish-founded startup to IPO on Nasdaq (ticker FLYW) at roughly a $3.5B valuation. It is therefore no longer a venture-stage private company; its Spanish operations are in Valencia.
SectorsFintech, Cross-border payments, Payments software, Edtech, Travel, Healthcare payments, B2B SaaS
Start-up MapFintech › Cross-border payments & remittances
Founders
Global models 5
AAirwallex
Singapore · www.airwallex.com ↗
Runs its own global payment network and adds collection and payout software, so businesses can take in and send out cross-border payments in many local currencies.
$1.3BComparable
RRapyd
United Kingdom · www.rapyd.net ↗
Sells businesses a global payments network that handles local collection and cross-border settlement, earning fees and foreign-exchange margin on each flow.
$1.1BComparable
NNium
Singapore · www.nium.com ↗
Provides a B2B cross-border payments network for pay-ins and payouts in local currencies, with strong use in travel and other specific industries.
$300MComparable
PPayoneer
United States · www.payoneer.com ↗
Venture-backed cross-border receivables platform that lets businesses collect international payments locally and earns on transaction and foreign-exchange fees.
$270MComparable
DdLocal
Uruguay · www.dlocal.com ↗
Lets global merchants take local payments across emerging markets and settle them across borders, earning a fee on each transaction.
$230MComparable
In the same niche 8 others
See all in the Start-ups Map →
Notes: Most funded first
Investors 26
Open as list →
SSpark Capital
www.sparkcapital.com
AAccel
www.accel.com
FFides Capital
www.fidescapital.es
KKibo Ventures
www.kiboventures.com
TTemasek
BBain Capital Ventures
GGoldman Sachs
QQED Investors
MMarshall Wace
SSunley House Capital (Advent International)
W
Whale Rock Capital Management
A
Adage Capital Management
MMaveron
BBoston Seed Capital
D
Dave McClure
D
Devonshire Investors
FF-Prime Capital
J
Jim Hornthal
J
John Landry
K
Ken Morse
M
Marek Fodor
P
Pablo Carrallo
P
Project 11 Ventures
R
Raul Aznar
R
Roy Rodenstein
T
Tiger Management
Funding rounds 7
| Date | Round | Amount | Lead |
|---|---|---|---|
| 2021-03-04 | Series F | $60M |
Whale Rock Capital Management, Marshall Wace, Sunley House Capital (Advent International)
+4 more
|
| 2020-02-13 | Series E | $120M |
Goldman Sachs
+3 more
|
| 2018-07-26 | Series D | $100M |
Temasek
+3 more
|
| 2015-01-20 | Series C | $22M |
Bain Capital Ventures
+4 more
|
| 2013-06-25 | Series B | $6.4M |
QED Investors
+4 more
|
| 2011-08-15 | Series A | $7.5M |
Spark Capital
+3 more
|
| 2010-10-28 | Seed | $1.1M |
Spark Capital
+9 more
|
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