This tech firm has a new Boston headquarters — and a completely new name
Boston Business Journal – By Greg Ryan
The tuition payments service peerTransfer has been rebranded as Flywire, with a new office off Boston Common to go along with the name change.
The company’s rebranding is an attempt to better reflect its global footprint, with operations in four continents and customers in more than 200 countries and territories. The company, which was founded in 2009 out of MIT, allows international college students to make tuition payments at discounted conversion rates.
For now, both the Flywire and peerTransfer logo will appear on the company’s website, but the peerTransfer name will eventually be eliminated completely.
“The Flywire name is rooted in our desire and vision to serve as the trusted provider for high-ticket payments that cross international borders,” Chief Customer Officer Rob Rosenblatt said in a statement.
In August, PeerTransfer moved into a new 5,500-square-foot space on Tremont Street facing the Common, a block from the Park Street MBTA stop. Its previous location, on Devonshire Street in the Financial District, was approximately 3,000 square feet. The move was made to accommodate the company’s growth in Boston. It has 30 employees in the city, after starting the year with approximately 15. It hopes to add five more by the end of 2015.
PeerTransfer has 81 employees around the globe. It also recently doubled the size of its office in Valencia, Spain, and announced in July it would open an office in China.
In January, peerTransfer landed $22 million in new funding from investors including Bain Capital Ventures and Spark Capital. The company is backed by a total of $43 million in venture funding.← Back to Articles