• FOUNDING YEAR: 2009
    LOCATION:
    United States
    REGION:
    Massachusetts
    Last Update:
    14 Feb, 2020

Description

FOCUS

PRODUCTS & SERVICES:
The company's cross-border platform accepts bank transfers, online banking, credit & debit cards, and claims to provide better exchange rates as compared to home-market banks and credit card providers. Once a user signs up, he/she can start a transfer process by selecting an institution, the amount in the institution's local currency, and selecting the payment method in the user's local currency. It also users to track the payment status.
REVENUE MODEL:
Viewable by subscribers only
MAIN CLIENTS:
MIT, Cornell, UTS & etc
EXISTING PARTNERSHIPS:
ECSI, Ellucian, Nelnet, Oracle, Sallie Mae, Digital River

PEOPLE

MEDICI analysts will analyze Flywire soon

TRACTION

Insufficient information for accurate analysis

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$143.2 Millions
DATE OF LAST FUNDING:
Jul 2018
TOTAL FUNDING COMMENT:
The company will use the funds to accelerate its growth in North America, Europe, and Asia-Pacific while also establishing a presence in emerging markets such as Latin America, Africa, and the Middle East. (Jul. 2018)
SEED & PRIOR FUNDING:
$1.1 Millions
SEED CLOSED ON:
Oct 2010
FUNDING SERIES:
SERIES A
$7.5 Millions Closed: Aug 2011
SERIES B
$12.6 Millions Closed: Jan 2014
SERIES C
$22 Millions Closed: Jan 2015
SERIES D
$100 Million Closed: Jul 2018
LISTED:
NO

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