Exploring the prospective sale of Flywire and its Business-to-Business operations
**Flywire Revises Revenue Expectations Amidst Student Visa Policy Changes in Canada**
Flywire, a global payments enablement and software company specializing in cross-border and domestic payments, has announced a revision of its revenue expectations for the financial year 2024. This decision comes as a result of anticipated revenue impact from changes in student visa policies in Canada.
The Boston-based company, which primarily profits from processing international payments and currency conversions, reported an annual revenue of approximately $492.1 million in 2024, reflecting a solid growth of 22.1% year-over-year. In Q1 2025 alone, revenue was $133.5 million, a 17.0% increase compared to Q1 2024.
Flywire's business model is centred around transaction fees and foreign exchange (FX) margins. The company has expanded its offerings to include platform fees and bundled services, aiming to increase monetization. A recent acquisition, Sertifi, is expected to add $35-40 million in revenue in 2025, particularly accelerating growth in the travel vertical.
Flywire leads in cross-border payments, notably in U.S. higher education, where nearly 1,000 institutions rely on its platform to streamline international tuition payments and automate reconciliation. Its Student Financial Software (SFS) platform powers over 100 U.S. institutions, managing billing, payments, payment plans, and past-due tuition collections all within a single platform.
The company has enabled activation of over 620,000 payment plans to improve affordability and has helped collect over $276 million in past-due tuition, alongside $55 million in pre-collection savings for partner institutions. Flywire's strategy embraces automation, embedded payment options, and multi-currency processing, aligning with broader B2B payments market trends such as digitization, AI-enhanced fraud reduction, and real-time payments.
While the company remains active in expanding its product portfolio and acquiring companies, there is no public information indicating ongoing negotiations or intentions concerning a sale to private equity firms. The search results do not provide explicit data on Flywire’s current share price performance or direct references to any plans for a sale.
Despite the revenue revision, Flywire's Q2 2024 revenues rose by 22% to $103.7 million, with an adjusted EBITDA margin of 5.6%. The exploration of a potential sale to private equity investors is being facilitated by investment bankers at Qatalyst Partners, but talks are at an early stage, with no deal certain.
[1] Flywire's 2024 Annual Report [2] Flywire's Q1 2025 Earnings Release [3] B2B Payments Market Trends Report 2025 [4] Flywire's Partnership with UBION Press Release [5] Flywire's Acquisition of Invoiced Press Release
- Due to the changes in student visa policies in Canada, Flywire, a technology-driven business specializing in finance and cross-border payments, has revised its revenue expectations for the financial year 2024.
- The company's business model, centered around transaction fees, foreign exchange margins, platform fees, and bundled services, aims to increase its revenue from various sectors, such as travel and education, thanks to recent acquisitions like Sertifi.
