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.

Who owns Flywire?

Flywire is owned by public shareholders with no controlling holder. Institutional investors hold the largest stakes, and CEO Mike Massaro leads the company as a public entity.

Why is Flywire focused on education?

Education is where Flywire built its original business and maintains its strongest franchise: international tuition payments are large, complex, and underserved by generic payment processors, making it a defensible niche the company has since extended into adjacent verticals.

Iker Marcaide founded the company in 2011 in Valencia, Spain as peerTransfer, based on his own experience as an international student struggling to pay U.S. tuition across currencies. The original insight was narrow: international students needed a better way to send tuition than expensive wire transfers.

The company relocated its headquarters to Boston, the center of the U.S. education market it served, and early traction with universities validated the model. Mike Massaro joined as CEO in 2013 and drove the strategic expansion from a tuition payments tool into a platform business.

The company renamed itself Flywire in 2015 to reflect ambition beyond education. It spent the late 2010s building its payments network and expanding into healthcare, travel, and B2B, verticals that shared education's core problem of large, complex, cross-border payments.

The May 2021 IPO on the Nasdaq valued the company in the billions and marked its arrival as a mainstream payments player. Since going public it has grown through organic expansion and targeted acquisitions including StudyLink, WPM, OnPlan, and others that deepened its education and healthcare capabilities. Fiscal 2025 revenue reached approximately $594 million, up from under $100 million at the time of the IPO.

Flywire publishes ESG and corporate responsibility reporting covering data security, regulatory compliance, and workforce practices across its global operations. As a payments infrastructure provider, it operates under money transmitter licensing, AML, and consumer protection frameworks in the dozens of jurisdictions where it is licensed, requirements that form the core of its regulated conduct posture.

Flywire carries no defining public scandal. Its regulatory posture is the ordinary burden of a licensed payments company: money transmitter licensing, sanctions compliance, and consumer protection obligations across dozens of jurisdictions. Its education franchise has attracted periodic scrutiny over whether its payment pricing favors convenience over cost for students, an industry-wide question rather than a specific enforcement matter.