This is the Flywire pitch deck to raise a $22m series-c round in 2015.
About
Flywire is a global payments enablement and software company. Flywire combines its proprietary global payments network, next-gen payments platform and vertical-specific software to deliver the most important and complex payments for clients and their customers.
Flywire leverages its vertical-specific software and payments technology to be deeply embedded within the existing A/R workflows for its clients across the education, healthcare and travel vertical markets, as well as in key B2B industries. Flywire also integrates with leading ERP systems, so organizations can optimize the payment experience for their customers while eliminating operational challenges.
Flywire supports 2,250+ clients with diverse payment methods in more than 130 currencies across 240 countries and territories around the world. The company is headquartered in Boston, MA, USA with global offices.
Mike Massaro, CEO of Boston-based payments company Flywire, has a slide in the pitch deck he shows to potential investors with the title “Why you shouldn’t invest in us.”
“When speaking with investors back in 2015 we didn’t want to waste their time or ours,” Massaro told Business Insider in an interview. “The best way to achieve this was to do something totally counterintuitive. While some may see this as risky, I think quite the opposite. By being candid with investors from the outset we have been able to find the right strategic investment.”
Massaro says that being clear with investors has helped to assuage many doubts about Flywire’s business. While Massaro declined to give details on the firm’s valuation, data firm PitchBook has said that the company secured $100 million in funding earlier this year to be valued at approximately $700 million.
“Being very clear and transparent is important to me when dealing with staff and investors,” Massaro said. “It’s why our pitch deck resonates with investors. No one is perfect, but we’re confident about what we do and they appreciate that honesty.”
Founded in 2009 by Spanish entrepreneur Iker Marcaide, Flywire (formerly called peerTransfer) is now run by Massaro, who took over in 2013. The company handles billions in payments each year, having provided software to universities and healthcare providers to aggregate their payment processes.
Where previously a student from overseas would traditionally pay a handling fee as well as potentially poor currency exchange rates, Flywire can leverage the volume of payments it operates to reduce those fees.
Funding Rounds
| Announced Date | Transaction Name | Number of Investors | Money Raised | Lead Investors |
| Mar 4, 2021 | Series F – Flywire | 8 | $60M |
Marshall Wace, Sunley House Capital Management, Whale Rock Capital Management
|
| Feb 13, 2020 | Series E – Flywire | 4 | $120M | Goldman Sachs |
| Jul 26, 2018 | Series D – Flywire | 3 | $100M | Temasek Holdings |
| Jan 13, 2015 | Series C – Flywire | 6 | $22M | Bain Capital Ventures |
| Jan 1, 2014 | Series B – Flywire | 5 | $6.2M | — |
| Jun 27, 2013 | Series B – Flywire | 6 | $6.4M | QED Investors |
| Aug 15, 2011 | Series A – Flywire | 4 | $7.5M | Spark Capital |
| Nov 1, 2010 | Grant – Flywire | 1 | — | — |
| Oct 28, 2010 | Seed Round – Flywire | 11 | $1.1M | Spark Capital |
Pitch Deck Review Summary
Slide by Slide Review
Deck Collection
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