Strong Client Acquisition and Expansion
Flywire signed more than 200 new clients across four verticals, with education growth extending beyond traditional Big 4 markets, and notable wins in the U.K., U.S., Australia, and Canada.
Robust Financial Performance
Revenue less ancillary services reached $194 million in Q3, representing a 26% year-over-year FX-neutral growth. Adjusted EBITDA increased to $57.1 million, with a margin up 155 bps year-over-year.
Successful Product Innovation
Product innovation using AI to drive scale and efficiency, such as automated prototyping and code conversion, contributed to improved client experience and operational excellence.
Travel Vertical Growth
The travel vertical exceeded Q3 bookings plan with strong year-over-year revenue growth, driven by momentum in destination management companies and luxury accommodations.
Healthcare and B2B Growth
Healthcare and B2B verticals showed growth driven by new payment processing capabilities and strong demand for invoice-to-cash capabilities.