Flywire added Trustly-powered open banking payments for U.S. and Canadian payers, enabling large domestic and cross-border payments directly from bank accounts via ACH and Pre-Authorized Debit.
Finextra→Second-quarter revenue rose 27.2% year over year to $167.7 million, while adjusted EBITDA increased 44.5% to $24 million. Flywire raised its full-year revenue-growth and adjusted EBITDA-margin guidance.
Flywire Investor Relations→Flywire partnered with Scholarship America to deliver scholarship funds electronically to U.S. students and institutions, reducing reliance on more than 110,000 paper checks issued annually.
Flywire Investor Relations→Patrick Blanc became chief technology officer, succeeding David King, who moved into the roles of chief product officer and co-president of Global Education.
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