Flywire is a provider of global payment and receivables solutions, connecting businesses and institutions with their customers in six continents

Flywire, a global payments solutions provider, announced today it has secured US$100 million in Series D round of financing led by Singapore’s investment company Temasek.

Existing investor Bain Capital Ventures and F-Prime Capital also joined this round.

The fintech company will use the new investment to accelerate its growth in North America, Europe and Asia Pacific, while also establishing a foothold in emerging markets such as Latin America, the Middle East and Africa. It will also focus on growth and bringing new domestic payment capabilities added via its recent acquisition of OnPlan Holdings to Europe and Canada.

Started in 2009, Flywire is a provider of global payment and receivables solutions, connecting businesses and institutions with their customers in six continents. It offers a suite of products including OnPlan, a domestic billing and payment solution for pre-collection and payment plans. It also helps clients with customer support, including multilingual servicing via phone, email, and chat, as well as around-the-clock online payment tracking.

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Flywire claims it has processed over US$8 billion for over 1,400 clients in business, education and healthcare.

“Our strong growth is a direct result of our ability to solve the difficult pain points that exist in complex payment processes,” said Mike Massaro, CEO of Flywire. “By taking the friction out of initiating, processing and reconciling large-sum international and domestic payments, we empower our clients to capitalise on their business opportunities and optimise their customer relationships. The potential for Flywire is massive and the additional investment and guidance from Temasek will help us take full advantage of it.”

Flywire is headquartered in Boston and has offices in Chicago, London and Manchester (UK), Valencia (Spain), Shanghai, Singapore, Tokyo, Cluj (Romania), and Sydney.

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