A payments specialist that did not stay in its lane



Leading provider of international payment solutions, connecting clients with other businesses and consumers on six continents


Clients worldwide


Countries and territories reached


Currencies supported


In Flywire, where most market participants saw a solid business in a comfortable niche, Bain Capital Ventures saw a platform that could grow well beyond its originally narrow scope of the business in its early days.

We gained conviction around Flywire, a software company that helps customers manage high-value, cross-border payments, in part, from our earlier success in helping to scale B2B payments innovator, AvidXchange, and the pattern recognition we had built around payments.

Flywire was founded in 2009 to address a specific problem: the difficulty that international students in the US had paying school fees. After partnering with Bain Capital Ventures in 2015, the company dramatically expanded its customer base to many other industry verticals, starting with healthcare, and made significant headway into the US domestic payments space.

Bain Capital has vast experience in the payments space, which helped us understand and admire the core architecture of the company’s software. Our deep relationships in adjacent industries, like healthcare, provided connectivity for Flywire to expand its customer base. The company is now a leader across a wide set of payments use cases, ranging from the consumer travel industry to the emerging international and corporate electronic payments space.

When Bain Capital first got involved, Flywire had $8 million in revenue. We partnered with the team to scale the business and drive significant growth. The business successfully IPOed in 2021, and is now listed on the NASDAQ with revenue exceeding $220 million, a representative example of the power of our partnerships with emerging FinTech leaders.


It was all about strategic growth in a very complicated vertical and understanding the business architecture that’s necessary to succeed, and then helping the company find the people, partners and customers necessary to accomplish that growth.

Matt Harris
Partner, Bain Capital Ventures