Flywire reported a 21% increase in revenue to $114.1 million for Q1 2024. The company signed over 200 new clients, marking the highest client acquisition in a single quarter. The focus remains on optimizing market capabilities and expanding the Flywire Advantage.
Revenue increased by 21% year-over-year, reaching $114.1 million.
Total Payment Volume grew by 23% to $7.0 billion.
More than 200 new clients were signed, the highest in a quarter.
Cosmin Pitigoi was appointed as Chief Financial Officer.
Flywire anticipates revenue between $99 to $108 million and Adjusted EBITDA between $1 to $4 million for the second quarter of 2024. For the full fiscal year 2024, revenue is projected to be between $491 to $519 million, with Adjusted EBITDA between $64 to $75 million.
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