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Flywire Corporation
Flywire makes software that helps schools, hospitals, and businesses collect and process payments from customers around the world, especially across borders.
Flywire is a payments company, but not the kind you see at a checkout counter. It builds software that lets a university in Boston collect tuition from a student in Beijing, or a hospital collect a bill from a patient overseas, without the money getting lost or eaten by fees along the way. The company focuses on big, complicated payments—tuition, medical bills, travel bookings, and business invoices—where the payer and the recipient are often in different countries and different currencies.
Here's the basic problem it solves. Sending money across borders is messy. Banks charge fees, exchange rates shift, payments get stuck, and the recipient has no idea when the money will actually arrive. Flywire wraps all of that into one piece of software: the payer sees a clear price in their own currency, pays with a method they trust, and can track the payment like a package. The school or hospital on the other end gets the money reconciled and matched to the right student or patient, which is the part that used to eat up hours of staff time. Customers choose Flywire because international payments are a headache they would rather hand off than build themselves. Education is Flywire's biggest and most established market—universities and colleges use it to collect tuition from international students. Healthcare is a growing piece, helping hospitals handle patient payments. Travel and B2B round it out, handling payments for things like destination management and large business transactions. The company went public on Nasdaq in 2020, and it makes money mainly by charging a small fee on each payment it processes, plus software subscription fees in some cases. Its competitors include traditional banks and other payment processors, but Flywire's edge is specialization: it understands the quirks of education and healthcare payments in a way general-purpose payment companies often don't.
One thing to know: Flywire is a growth company that has spent years investing heavily in expanding its software and its global reach, which means it has not always been consistently profitable on a GAAP basis. It has made acquisitions to broaden its offerings—buying companies to add new payment capabilities and markets. For investors, the key question is whether Flywire can keep growing its volume of payments processed while turning more of that growth into real profit, especially as it pushes beyond education into healthcare and B2B. It is a bet on the idea that cross-border payments will keep getting more common and more complex, and that specialized software will win over generic pipes.
Saved answer · last researched 14 Nov 2026