Flywire

Vertical-specific technology that allows organizations to optimize the payment experience for their customers while eliminating operational challenges.

Launch date

2011

Employees

1001-5000 people

Market cap

Enterprise valuation

AUD2.6b (Public information from Sep 2024)

Company register number 07677601

Boston Massachusetts (HQ), Valencia Valencian Community (founding location)

http://flywire.com/

https://twitter.com/flywireco https://www.facebook.com/peertransfer https://www.linkedin.com/company/flywire https://apps.apple.com/app/id1393932607 https://play.google.com/store/apps/details?id=com.flywire.invoicing

View job openings

Revenues, earnings & profits over time

USD	2020	2021	2022	2023	2024	2025	2026
Revenues	132m	201m	289m	403m	482m	607m	760m
% growth	39 %	53 %	44 %	39 %	20 %	26 %	25 %
EBITDA	(8.3m)	(4.1m)	(23.8m)	11.8m	76.2m	114m	162m
% EBITDA margin	(6 %)	(2 %)	(8 %)	3 %	16 %	19 %	21 %
Profit	(11.1m)	(28.0m)	(39.3m)	(8.6m)	(1.1m)	30.1m	53.8m
% profit margin	(8 %)	(14 %)	(14 %)	(2 %)	-	5 %	7 %
EV / revenue	-	18.0x	8.0x	5.3x	3.5x	2.6x	1.9x
EV / EBITDA	-	-873.5x	-97.1x	183.0x	21.8x	13.9x	9.1x
R&D budget	24.5m	31.3m	50.3m	62.0m	-	-	-
R&D % of revenue	19 %	16 %	17 %	15 %	-	-	-

Source: Dealroom estimates

Date	Investors	Amount	Round
-	JME Ventures Wayra Eight Roads Ventures Lars Fjeldsoe-Nielsen 500 Global Pablo Carrallo BIGBAN	N/A	-
Oct 2010	Spark Capital Project 11 Ventures John Landry Ken Morse Roy Rodenstein Dave McClure	$1.1m	Seed
Nov 2010	MassChallenge	N/A	Grant
Aug 2011	Accel Spark Capital Maveron Boston Seed Capital	$7.5m	Series A
Jun 2013	Kibo Ventures Spark Capital QED Investors Maveron	$6.4m	Series B
Dec 2013	Kibo Ventures Spark Capital QED Investors Devonshire Investors	$6.2m	Series B
Jan 2015*	Accel Kibo Ventures Bain Capital Ventures Spark Capital QED Investors FJME Devonshire Investors	$22.0m	Series C
Jul 2018*	Temasek	$100m	Series D
Jan 2020	Balderton Capital	N/A	Secondary
Feb 2020	Goldman Sachs Temasek Adage Capital Tiger Management Corporation	$120m Valuation: $1.0b 10.5x EV/LTM Revenues -75.5x EV/LTM EBITDA	Series E
Mar 2021	Goldman Sachs Temasek Adage Capital Whale Rock Capital Management Marshall Wace Sunley House Capital Management Spark Growth	$60.0m Valuation: $1.0b 7.6x EV/LTM Revenues -120.1x EV/LTM EBITDA	Series F
May 2021	N/A	$251m Valuation: $3.5b 26.6x EV/LTM Revenues -420.5x EV/LTM EBITDA	IPO
Total Funding		AUD499m