<div>
 
 
 <ul>
 <li>
 
 Flywire reported earnings per share of USD 0.01 for Q4 2023, compared to a loss per share of USD 0.01 recorded in Q4 2022 and beating analyst-estimated loss per share of USD 0.07 for Q4 2023. The company reported a 37.5% YoY growth in total revenue to USD 100.5 million for Q4 2023, from USD 73.1 million recorded in Q4 2022 and beating analyst-estimated total revenue of USD 88.7 million for Q4 2023.
 
 </li>
 <li>
 
 The company reported a loss per share of USD 0.07 for FY2023, compared to a loss per share of USD 0.36 recorded for FY2022, but beats analyst-estimated loss per share of USD 0.15 for FY2023. It reported a 39.3% YoY growth in total revenue to USD 403.1 million for FY2023, from USD 289.4 million recorded in FY2022 and beating analyst-estimated total revenue of USD 383.3 million for FY2023.
 
 </li>
 <li>
 
 Flywire reported a significant growth in clients signed and revenue realization from existing clients in Q4 2023, which led to more than 700 clients signed across different verticals such as education, travel, and healthcare for FY2023.
 
 </li>
 <li>
 
 Flywire continued to expand its higher education footprint globally and strengthened its payment network through partnerships such as with the 
 <a href="https://sp-edge.com/updates/26524">
 State Bank of India
 </a>
 and two other largest banks in India and 
 <a href="https://sp-edge.com/companies/311238">
 WeChat Pay
 </a>
 in China. The company also continued its spree of strategic M&amp;A initiatives with the acquisition of 
 <a href="https://sp-edge.com/updates/23617">
 Australia-based StudyLink
 </a>
 .
 
 </li>
 <li>
 
 Flywire expects to generate total revenue in the range of USD 110 million&ndash;117 million for Q1 2024 (implying a YoY growth of 16.5%&ndash;23.9%) and USD 501 million&ndash;535 million for FY2024 (implying a YoY growth of 24.3%&ndash;32.7%). It also anticipates achieving adjusted EBITDA in the range of USD 9 million&ndash;11 million for Q1 2024 (implying a YoY growth of 28.6%&ndash;57.1%) and USD 65 million&ndash;76 million for FY2024 (implying a YoY increase by 54.8%&ndash;81.%).
 
 </li>
 </ul>
 
 
</div>

<div>
 
 <a href="https://www.globenewswire.com/news-release/2024/02/27/2836457/0/en/Flywire-Reports-Fourth-Quarter-and-Fiscal-Year-2023-Financial-Results.html">
 Press release
 </a>
 
 
 <a href="https://ir.flywire.com/static-files/a26017f5-b969-4969-9f59-e8967c2a2566">
 Earning release
 </a>
 
 
 <a href="https://finance.yahoo.com/news/flywire-nasdaq-flyw-beats-q4-212120590.html">
 Yahoo finance
 </a>
 
 
 
</div>

FinTech Infrastructure

INCUMBENTS_PRESENT

PROMINENT_CATEGORY

<div>
 
 Flywire has reported positive financial results for Q4 2023, with earnings of USD 0.01 per share compared to a loss in Q4 of 2022. A significant 37.5% year-on-year growth has been recorded, with total revenue for Q4 2023 reaching USD 100.5 million. This figure also exceeds the analyst-estimated total revenue of USD 88.7 million for the same quarter.
 
 In the fiscal year 2023, a loss of USD 0.07 per share was reported. However, this is an improvement from the previous fiscal year, in which Flywire suffered a loss of USD 0.36 per share. Furthermore, this loss still managed to outperform analyst estimates for the same year. Total revenue for FY2023 hit USD 403.1 million, marking a significant YoY growth of 39.3%.
 
 The company's growth has been driven in part by an increase in clients signed up and revenue realization from existing clients in Q4 2023. In FY2023 alone, the company signed more than 700 clients across sectors including travel, education, and healthcare.
 
 Even with these positive results, Flywire plans to continue its expansion. The company has been strengthening its payment network, partnering with entities like the State Bank of India and WeChat Pay in China. Strategic mergers and acquisitions activities are ongoing, including the recent acquisition of Australia-based StudyLink. 
 
 Looking ahead, Flywire targets FY2024 total revenues in the range of USD 501 million to 535 million, signifying expected YoY growth of 24.3%–32.7%. Adjusted EBITDA forecasts anticipate figures between USD 65 million and USD 76 million, indicating a future YoY growth of 54.8%–81.%. 
 
</div>

Flywire Q4 and FY2023 earnings beat analyst estimates; following partnerships and M&A spree

ANALYST_QUICK_TAKE

<div>
 Flywire, a company that provides payment infrastructure, has entered into a partnership with the State Bank of India. The purpose of this partnership is to expand the reach of their products in India. They plan to do this by facilitating digital cross-border payments. These payments will be between Indian students who are paying international education fees in Indian Rupees and foreign higher educational institutions.
 Flywire will use this partnership to increase its presence in India. They plan to leverage the State Bank of India's extensive local banking network. At the same time, they will ensure compliance with the Liberalized Remittance Scheme (LRS). This compliance will allow Indian students to make their international education payments through digital channels. The hope is that this transition will move away from paper-based payment processes, which often result in tuition payment delays.
</div> Analyst QuickTake: 
 Today’s partnership news comes nearly three months after Flywire <a href="https: 
//sp-edge.com/updates/23617"> acquired StudyLink to grow </a> its presence within the Australian higher education market. Moreover, Flywire partnered with <a href="https: 
//sp-edge.com/updates/14728"> HDFC Bank </a> in November 2022 to allow Indian students to pay education fees internationally.

Flywire partners with State Bank of India to expand digitized education payments

Buy Now, Pay Later

<div>
 Flywire, a firm specialised in payment infrastructure, has initiated a partnership with the State Bank of India. This alliance aims to increase its product accessibility in India, focusing on facilitating digital international transfers. Specifically, the collaboration will enable Indian students to pay their international education fees in Indian Rupees to foreign institutions of higher education.
 Besides expanding its footprint across India, Flywire also plans to capitalise on the State Bank of India’s established local banking structures. The company aims to ensure compliance with the Liberalized Remittance Scheme (LRS), providing Indian students with the resources to complete international education payments through digital platforms. This method is expected to replace traditional paper-based processes, known for often resulting in disrupted and delayed tuition payments.
</div> Analyst QuickTake: 
 Today’s partnership news comes nearly three months after Flywire <a href="https: 
//sp-edge.com/updates/23617"> acquired StudyLink to grow </a> its presence within the Australian higher education market. Moreover, Flywire partnered with <a href="https: 
//sp-edge.com/updates/14728"> HDFC Bank </a> in November 2022 to allow Indian students to pay education fees internationally.

DISRUPTOR_PRESENT

The given HTML shows a div element containing an unordered list (ul) with three list items (li). In the first list item, it is mentioned that Flywire reported earnings per share of USD 0.08 for Q3 2023, compared to a loss per share of USD 0.04 in the same quarter. However, their earnings missed the analyst-estimated earnings per share of USD 0.10. Also, the company reported total revenue growth of 29.5% YoY to USD 123.3 million for Q3 2023, exceeding the consensus revenue estimates. 

The second list item states that Flywire signed more than 185 new clients in Q3 2023, with the highest number of net new clients in the travel vertical. 

In the third list item, it is mentioned that Flywire acquired StudyLink, an Australian student admissions platform, in an undisclosed deal. This acquisition will help Flywire expand its presence in the Australian higher education market.

All Updates

Flywire Q4 and FY2023 earnings beat analyst estimates; following partnerships and M&A spree

Flywire partners with State Bank of India to expand digitized education payments

Flywire partners with State Bank of India to expand digitized education payments

Flywire Q3 revenue beats analyst estimates; acquires Australia-based StudyLink

Flywire Q2 revenue beats analyst estimates; revises annual guidance upward

Flywire Q1 revenue and EPS beat analyst estimates; revises annual guidance upwards

Flywire Q4 revenue and EPS beat analyst estimates

Flywire partners with HDFC Bank to enable Indians to pay education fees internationally

Flywire Q3 revenue beats analyst estimates, as annual guidance is revised

Flywire Q2 2022 update: earnings miss analyst estimates despite 53% revenue growth