Payments firm Flywire makes U.S. IPO filing public

Payments firm Flywire Corp on Monday made its paperwork for a U.S. listing public and revealed a 38% surge in revenue in the latest quarter as it benefits from strong remote working trends due to the COVID-19 pandemic.

Flywire had confidentially filed to go public in March and could seek a valuation as high as $3 billion when it sets terms for the offering, Reuters reported in January.

The Boston-based company, which was founded in 2011 and focuses on payments in the education, healthcare and travel sectors, is looking to ride on the rising interest in the fintech space.

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Source: Payments firm Flywire makes U.S. IPO filing public | Reuters