Flywire CEO Mike Massaro plans to use the IPO proceeds for technology and solutions development and for possible acquisitions to complement his company’s offerings.
The company supports more than 2,250 clients with payments in more than 130 currencies in 240 countries.
The IPO comes just ahead of the summer travel season, in which seven in ten frequent travelers expect to spend more this year than they have in the past five years, according to a Flywire survey report released May 12.
Colin Smyth, travel GM at Flywire, said people planning to explore the post-pandemic world are looking for travel companies that offer “seamless, transparent and secure payment options.”
Prosek handles media for Flywire, while ICR deals with investors.