Flywire acquires Sertifi for $330M

Flywire (FLYW) announced that it has acquired Sertifi. Flywire acquired Sertifi for $330M funded by a combination of cash and debt. Sertifi brings nearly two decades of experience in the hospitality and travel space and a client base that spans 20,000 hospitality locations. Flywire expects Sertifi to add approximately $35-$40M of revenue with gross margins similar to those of Flywire in FY25. On the bottom line, Flywire expects Sertifi to have positive adjusted EBITDA, however the anticipated margin percentage will be lower than Flywire’s overall adjusted EBITDA margin, especially as Flywire expects to invest to grow the combined business for the future. More details will be shared on the upcoming earnings call scheduled for February 25.