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Will fintech unicorn Flywire’s proposed IPO reach destroy out tempo?

It’s a mountainous morning for fintech startups in the present day time: Flywire, a Boston-based mostly mostly magnet for project capital, has filed to circulate public.

Flywire is a world payments company that attracted extra than $300 million as a startup, in step with Crunchbase, most these days raising a $60 million Series F final month. We don’t believe its most most in type valuation, nevertheless PitchBook knowledge implies that the corporate’s February 2020, $120 million spherical valued Flywire at $1 billion on a put up-money basis.

So what we’re here’s a fintech unicorn IPO. A edifying method to kick off the week, to be correct, even supposing I’d thought that Robinhood could be the following such debut.

Fintech project capital process has been scorching now not too long up to now, which makes the Flywire IPO spellbinding. Its success or failure would possibly dictate the tempo of fintech exits and fintech startup valuations in frequent, so we’ve to care about it.

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Regardless, we’re doing our fashioned work this morning. First, what does Flywire make and with whom does it compete? Then, a more in-depth take into consideration at its financial results as we hope to safe our fingers spherical its earnings effective, aggregate economics and progress potentialities.

After that, we’ll discuss valuations and which project capital groups are space to make well in its flotation. The company had a series of backers, nevertheless Spark Capital, Temasek, F-Top Capital and Bain Capital Ventures made the main shareholder list, alongside with Goldman Sachs. So, a series of companies and funds are hoping for a mountainous Flywire exit. Let’s dig in.

What’s Flywire?

Flywire is a world payments company. Or, because it states in its S-1 submitting, it’s “a leading global payments enablement and instrument company.” And it thinks that its market, and by extension itself, has many of room to grow. Whereas “huge strides [have been] made in payments skills in the retail and e-commerce industries,” the corporate wrote, “big sectors of our global economic system—in conjunction with education, healthcare, shuttle, and industry-to-industry, or B2B, payments—are unruffled in the early phases of digital transformation.”

That’s the the same logic in the abet of Stripe’s epic valuation and the rising stamp of payments-focused companies fancy Finix.

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