Flywire ( (FLYW) ) has issued an update.
On February 24, 2025, Flywire Corporation acquired Sertifi LLC, a software and payments platform for the hospitality industry, for $330 million in cash and contingent considerations. This acquisition is expected to enhance Flywire’s travel vertical by integrating Sertifi’s hotel property management system across over 20,000 hotel locations worldwide. Additionally, Flywire announced a restructuring plan on February 23, 2025, to improve operational efficiencies, which includes reducing its workforce by 10%. The company also reported a 17% increase in fourth-quarter revenue for 2024 and outlined plans for an operational and business portfolio review to optimize investments and drive productivity.
More about Flywire
Flywire Corporation is a global payments enablement and software company that focuses on complex, large-value payment processing, utilizing its global payment network and verticalized software solutions.
YTD Price Performance: -13.78%
Average Trading Volume: 1,349,799
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $2.16B
Learn more about FLYW stock on TipRanks’ Stock Analysis page.