October 01, 2016 6:42 PM ET

Consumer Finance

Company Overview of Flywire

Company Overview

Flywire operates an online platform that enables students to make educational 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. It serves international students attending educational institutions around the globe, and health care institutions serving the growing market of patients seeking medical care abroad. Flywire was formerly known as peerTransfer Education Corporation. The company was founded in 2009 and is based in Boston, Massachusetts.

141 Tremont Street

10th Floor

Boston, MA 02111

United States

Founded in 2009

Phone:

617-329-4524

Fax:

617-778-2233

Key Executives for Flywire

Chief Executive Officer and Director
Founder and Board Member
Chief Customer Officer
Age: 57
Director of Sales
Compensation as of Fiscal Year 2016.

Flywire Key Developments

Flywire Presents at Needham Emerging Technology Conference 2016, May-18-2016 03:20 PM

Flywire Presents at Needham Emerging Technology Conference 2016, May-18-2016 03:20 PM. Venue: Westin Grand Central, 212 E 42nd St., New York, New York, United States.

Flywire Announces Launch of New Payment Solution for Medical Tourism

Flywire announced the launch of a new cross-border payment solution for patients traveling overseas for medical care. The offering is targeted at health care institutions serving the growing market of patients seeking medical care abroad estimated at up to $40 billion annually and growing at a rate of 15-25% per year. Flywire's cloud-based solution enables hospitals to offer international patients a variety of familiar online and offline payment options in multiple currencies. Patients can pay in their local currency, using a simple web experience that is customized by their country of residence. Flywire's discounted currency conversion rates can also offer significant savings when compared to rates offered by banks in the patients home countries. Funds are transferred quickly and safely, and patients can track payment status online, via email or SMS. Patients also receive 24/7 multilingual support via phone, chat and email.

peerTransfer Announces Expansion of Office in Boston, Ma; Relocates Office Valencia, Spain

peerTransfer announced the relocation and expansion of its US and European offices in Boston, MA and Valencia, Spain. Necessitated by the company’s doubling in payment volume and revenue in the last 12 months, the new locations will facilitate continued innovation and make room for critical growth in engineering, sales, marketing and operations capacity. The new US headquarters overlooks historic Boston Common utilizing a complete open-architecture construct. The expanded square footage accommodates a doubling in the size of its US employee base and offers sweeping views of the city while providing flexible stand-up and group meeting spaces to facilitate increased communication and collaboration. The space is unique for downtown Boston, and the company expects it will help in its efforts to attract local and national talent in the areas of product, sales and marketing. The company has also relocated and doubled its Valencia, Spain location, now known as Flywire Europe. Occupying two floors in a landmark building in the heart of Valencia, Flywire Europe includes development facility as well as dedicated space for the company’s engineering, customer service, operations, IT and accounting teams.

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