Flywire Acquires Another International Competitor


Flywire, a fintech/edtech startup processing tuition payments for students, says it has acquired Toronto-based ScholarFX.

It’s the second such acqui for Flywire in a little over three months: In October, Flywire (formerly Peertransfer) announced the acquisition of UK-based Uni-Pay. The ScholarFX deal brings a handful of new institutions onto Flywire’s platform, including Bishop’s University, MacEwan University and Camosun College. Flywire says it’s on track to process $2 billion in transactions for the 2015-2016 academic year.

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