Mentioned Companies:

Flywire Adds B2B Payments

Flywire, known as PeerTransfer when it built its cross-border payment platform to handle consumer-to-business transactions in the education and healthcare industries, wants to expand its client base to include business-to-business transactions in travel, luxury goods, publishing, business services, and other industries. It will focus on sellers that invoice more than $5,000 in international sales monthly. Many sellers receive cross-border payments via wire transfers that are slow to settle, impacting cash flow. Wire transfers also include fees from every bank that facilitates the payment al...

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March 2017
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