peerTransfer has been rebranded as Flywire. Flywire is an online domestic and international payment platform that enables its users to make payments. It also offers a cross-border payment solution for patients traveling overseas for medical care. The company’s solution enables hospitals to offer international patients with various familiar online and offline payment options in multiple currencies. Recently, Flywire was selected for the 2019 Forbes Fintechh 50 startups list.
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.
According to third party data sources, the company's valuation is at $700 Mn. (Jul. 2018)
$10M+ in 2018
Viewable by subscribers only
$4 Billions in 2018
The platform has processed the value of the transaction of $4 billion in 2018. (Feb. 2019)
ACTIVE USERS COMMENT:
The company has 900 higher education customers, including seven of the eight Ivy League colleges.
DATE OF LAST FUNDING:
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)