Global payment and receivables solutions provider Flywire has raised $100m in a Series-D funding round led by Singapore-based investment company Temasek.

The company’s existing investors Bain Capital Ventures and F-Prime Capital also participated in the new funding round.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Flywire enables various businesses and institutions to offer a customised and secure payment experience to their clients. It is said to have processed over $8bn worth of transactions for more than 1,400 clients.

With the new funding, the company intends to speed up its growth in North America, Europe and Asia-Pacific as well as expand business to Latin America, the Middle East and Africa.

It also aims to provide new domestic payment capabilities to Europe and Canada added through its takeover of OnPlan Holdings.

Flywire CEO Mike Massaro said: “Our strong growth is a direct result of our ability to solve the difficult pain points that exist in complex payment processes.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“By taking the friction out of initiating, processing and reconciling large-sum international and domestic payments, we empower our clients to capitalise on their business opportunities and optimise their customer relationships. The potential for Flywire is massive and the additional investment and guidance from Temasek will help us take full advantage of it.”

Bain Capital Ventures managing director Matt Harris added: “The addition of Temasek optimises their ability to capitalise on that opportunity and provides really valuable insights into the fast-growing Asia-Pac market.”