Professional
Added to YB: 2026-03-06
Pitch date: 2026-03-04
FLYW [neutral]
Flywire Corporation
Author Info
Voss Capital is a hedge fund looking for value-oriented special situations. Sign up for the newsletter.
Company Info
Flywire Corporation, together with its subsidiaries, operates as a payment enablement and software company in the United States, Europe, the Middle East, and Africa and the Asia Pacific.
Market Cap
$1.5B
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
26.33
P/E
114.18
EV/Sales
1.88
Sector
Financial Services
Category
value
Voss Capital Portfolio Holding: Flywire Corporation
FLYW (holding update): Payments + software for healthcare, education, travel w/ embedded global rails via local banking partnerships. 80%+ rev from processing fees (FX/cross-border), minimal software fees = high switching costs. Trades 6x 2027E EBITDA vs peers at mid-to-high teens multiples & Airwallex at $8B (FLYW $1.1B EV). Moat: $100M+, 5yr+ to replicate network. 10.6% portfolio weight.
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