Flywire, a US-based payments enablement and software company, is reportedly considering a sale following the receipt of takeover interest.
The firm is engaging with investment bankers at Qatalyst Partners to examine offers from potential buyers, including private equity firms, reported Reuters citing undisclosed sources with knowledge of the matter.
According to the news agency, the discussions are at an early stage and no deal is certain.
Headquartered in Boston, Massachusetts, Flywire brings together its global payments network, next-generation payments platform and vertical-specific software to offer significant and complex payments for the company’s clients and their customers.
The firm also utilises vertical-specific software and payments technology to seamlessly embed within the existing accounts receivable (A/R) workflows for clients across the education, healthcare, travel and major business-to-business (B2B) industries.
Besides, Flywire integrates with enterprise resource planning (ERP) systems to help organisations streamline the payment experience for their customers along with eliminating operational challenges.
Flywire, which is said to have a market value of $2.3bn, started trading in New York since its initial public offering in 2021.
The publicly-traded company on the Nasdaq exchange is said to support over 4,000 clients with diverse payment methods in more than 140 currencies across 240 countries and territories worldwide.
Last month, Flywire joined forces with India-based independent student loan provider HDFC Credila to help Indian payers to easily and digitally disburse their loan payments in their local currency directly to higher education institutions across the globe.
The partnership is expected to help the American payments firm to capitalise on the significant market opportunity around Indian student loans.
