Business
Flywire Announces Acquisition of Cohort Go to Accelerate Growth with International Education Agents
Acquisition extends Flywire’s footprint with education agents and accelerates company’s investment in product and payment innovation for international
About this update from Flywire Corporation - Voting
[{"type":"text","content":"Acquisition extends Flywire’s footprint with education agents and accelerates company’s investment in product and payment innovation for international students\nBOSTON and BRISBANE, Australia, July 13, 2022 (GLOBE NEWSWIRE) -- Today, Flywire Corporation (Flywire) (Nasdaq: FLYW), a global payments enablement and software company, announced that it has completed the acquisition of Cohort Go, an international education payments provider that brings additional students, agents and essential student services to Flywire. The acquisition will build on Flywire’s existing education business to accelerate the growth of its agent focus and team, deepen its commitment to product and payment innovation, and further invest in Asia-Pacific (APAC), a key geographic focus for Flywire. Cohort Go’s core focus is on providing international students with the ability to make cross-border tuition payments through international agents. Cohort Go’s agent platform is expected to bolster Flywire’s existing agent solutions to deliver even greater value to educational institutions, agents, and students. Additionally, with partner relationships in almost 40 geographies, Cohort Go’s global footprint and penetration in APAC and Latin America also present new growth and expansion opportunities for Flywire. “Recruiting agencies play a critical role in the international student journey by assisting students in finding placements in higher educational and other institutions,” said Mike Massaro, CEO of Flywire. “Cohort Go has been prominent in this space, with a network of over 1,000 agent partnerships, including some of the most prestigious student recruitment agencies in the world.” Massaro continued: “As we continue to invest in our Flywire Advantage – the combination of our next-gen payments platform, proprietary global payment network and industry-specific software – we seek opportunities to embed deeper into the workflows of our clients, agents and payers, with the goal of driving more value for them. Cohort Go’s successful agent platform, global footprint and adjacent services complement our existing capabilities and will help us power the higher education ecosystem into the future.” Growth in international student recruitment indicates strong secular trend Recent research suggests that the international education industry is poised for significant growth. A...