Flywire Acquires Invoiced, A SaaS Platform That Enables B2B Finance Teams And The "Office Of The CFO" To Automate The Critical Order-To-Cash Process; No Financial Terms Disclosed

Flywire Corp. +1.73%

Flywire Corp.

FLYW

11.78

+1.73%

Invoiced augments Flywire's B2B payments solution with workflow automation software purpose-built for mid-market companies to streamline the entire Accounts Receivables (A/R) process

 

Acquisition extends Flywire's customer footprint across a diversified customer base and accelerates company's investment in software and payments innovation for B2B industry

Flywire gains the opportunity to monetize several billion dollars of domestic and international invoicing volume that is managed annually by the Invoiced platform

BOSTON, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Today, Flywire Corporation (Flywire) (NASDAQ:FLYW) a global payments enablement and software company, announced that it has acquired Invoiced, a SaaS platform that enables B2B finance teams and the "Office of the CFO" to automate the critical order-to-cash process. The acquisition is expected to build on Flywire's existing B2B payments business by enhancing the software suite it provides to its global clients and target segments. Flywire plans to expand on Invoiced's successful track record of providing invoicing software to a diversified client base across industries and geographies, and reinforces its commitment to powering software and payments to its target B2B segment, which Flywire estimates to be responsible for approximately $10 trillion in global payment volume.

This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.