Is Flywire a subsidiary of another company?

No. Flywire Corporation is an independent publicly traded company listed on the Nasdaq under ticker FLYW. It is the parent entity, not a subsidiary of a larger company.

When was Flywire founded?

Flywire was founded in 2011 in Boston as peerTransfer, initially focused on international tuition payments. It renamed itself Flywire in 2015.

Iker Marcaide, a Spanish entrepreneur, founded the company in 2011. Mike Massaro, who joined in 2013, has served as chief executive officer since Marcaide stepped back from the role.

What is Flywire's market position?

Flywire is a leading vertical payments company serving education, healthcare, travel, and B2B clients, with approximately 5,000 clients in more than 240 countries. It reached its first year of GAAP profitability in fiscal 2025 with $623 million in revenue.

Finance & Fintech

Who Owns Flywire?

Q: Is Flywire publicly traded?

Yes. Flywire Corporation went public on the Nasdaq in May 2021 under the ticker FLYW, pricing its initial public offering at $24 per share.

Q: What does Flywire do?

Flywire provides payments enablement and software for complex, high-value transactions in specific industries. It helps universities collect international tuition, hospitals manage patient payments, travel companies process bookings, and businesses automate accounts receivable.

Flywire is the operating brand of Flywire Corporation, a publicly traded payments enablement and software company headquartered in Boston, Massachusetts, that trades on the Nasdaq under ticker FLYW. Founded in 2011, the company generated $623 million in revenue in fiscal year 2025 and serves approximately 5,000 clients across education, healthcare, travel, and B2B markets in more than 240 countries and territories.

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Parent Company

Flywire Corporation

Founded

2011

Status

Publicly Traded

Headquarters

Boston, Massachusetts, USA

GlobalOfficial Website

Who Owns Flywire?

Parent Company: Flywire Corporation
Ownership Type: Brand division
Company Type: Publicly Traded
Stock Ticker: Nasdaq: FLYW

Brand	Parent Company	Ownership Type
Flywire	Flywire Corporation	Brand division

History of Flywire

Founded: 2011
Founders: Iker Marcaide

Iker Marcaide founded the company in Boston in 2011 as peerTransfer, an international payments platform targeting a specific pain point: foreign students struggling to pay U.S. university tuition through expensive, opaque bank wires. The product let students pay in local currency while schools received U.S. dollars, cutting cost and friction from cross-border tuition payments.

The company renamed itself Flywire in 2015 as it expanded beyond education. It applied the same vertical payments model to healthcare, helping international patients pay medical bills, then to travel, serving luxury and experience travel operators, and to B2B invoicing for companies managing cross-border receivables. The thesis was consistent: complex, high-value payments in specific industries, embedded in client workflows rather than commoditized retail transactions.

Flywire went public on the Nasdaq in May 2021 under the ticker FLYW, pricing shares at $24 and raising capital for expansion. Post-IPO it pursued an acquisition strategy to deepen vertical software: it bought WPM Education in 2021 for UK education payments, Cohort Go in 2022, Learning Info in 2023 for education agent management, Invoiced in 2024 for B2B accounts receivable software, and Sertifi in February 2025 for hospitality-specific payments and workflows.

Fiscal 2025 produced $623 million in revenue, up 26.6 percent, and the company turned profitable on a GAAP basis for the first time, reporting $13.5 million in net income. It now supports payments in more than 140 currencies across more than 240 countries and territories.

About Flywire Corporation

What does Flywire own?

Flywire operates a payments platform spanning education, healthcare, travel, and B2B verticals, having integrated acquisitions including StudyLink, WPM, and OnPlan into the unified Flywire brand.

Is Flywire publicly traded?

Yes. Flywire trades on the Nasdaq under the ticker FLYW. It went public in May 2021 after being founded in 2011.

Who founded Flywire?

Iker Marcaide founded the company in 2011 in Valencia, Spain as peerTransfer, based on his experience paying international tuition. Mike Massaro has served as CEO since 2013.

Where is Flywire headquartered?

Flywire is headquartered in Boston, Massachusetts, with offices across the Americas, Europe, the Middle East, and Asia Pacific supporting its global client base.

What does Flywire do?

Flywire provides payment infrastructure for high-value, cross-border payments, primarily for universities collecting international tuition, plus healthcare systems, travel companies, and businesses needing multi-currency payment capabilities.