The Boston-based fintech company aims to simplify cross-border transactions as it eyes expansion into emerging markets following a major investment round led by Temasek.
Strategic Growth and Market Expansion
Flywire, a global payment and receivables platform, has successfully closed a $100 million Series D funding round led by Singapore's investment giant Temasek, with participation from existing investors Bain Capital Ventures and F-Prime Capital. The capital infusion will accelerate the company's expansion across North America, Europe, and Asia-Pacific, while facilitating entry into Latin America, the Middle East, and African markets.
The funding coincides with Flywire's planned acquisition of OnPlan Holdings' European and Canadian operations, a strategic move that will enhance its local payment capabilities. OnPlan's expertise in prepayments and installment plans is expected to create significant synergies with Flywire's existing platform.
Simplifying Complex Payment Ecosystems
Founded in 2009 and headquartered in Boston, Flywire specializes in streamlining cross-border transactions for businesses and institutions across six continents. The company's platform addresses persistent challenges in international payments—including currency conversion, compliance requirements, and regional payment preferences—by offering solutions that make global transactions as seamless as local payments.
Flywire's comprehensive suite includes multilingual customer support (available via phone, email, and chat) and 24/7 payment tracking capabilities. These features have helped the company process over $8 billion for more than 1,400 clients spanning commercial, education, and healthcare sectors worldwide.
Leadership Perspective
"Our strong growth stems from our ability to solve complex payment challenges," said Mike Massaro, Flywire's CEO. "By eliminating friction in large-value international and domestic payments—from initiation through processing and reconciliation—we enable clients to capitalize on business opportunities while optimizing customer relationships. Temasek's investment and guidance will be invaluable to our continued development."
The company maintains a global footprint with offices in Chicago, London, Manchester (UK), Valencia (Spain), Shanghai, Singapore, Tokyo, Cluj (Romania), and Sydney—each serving as regional hubs that help Flywire adapt its solutions to local market needs.
Future Outlook
The successful Series D round marks a significant milestone for Flywire as global trade continues to expand and demand for efficient cross-border payment solutions grows. With Temasek's strategic backing and its own technological capabilities, the company is positioned to strengthen its leadership in the global payments sector.
Looking ahead, Flywire plans to increase research and development investments while pursuing strategic partnerships to broaden its ecosystem. As competition intensifies in the global payments market, the company's ability to execute its ambitious expansion plans will determine its trajectory in the coming years.