Uni-Pay bought by Flywire

Insider Media

Uni-Pay, a Warrington-based business that offers tuition payment services to students across the UK, has been bought by Boston-headquartered Flywire.

The business, which supports students attending 60 educational institutions in the UK including Manchester Metropolitan University, the University of Liverpool and Liverpool John Moores University, has been taken over by the US-based global education payment provider although the terms of the deal were not disclosed.

Uni-Pay has previously been operating as a subsidiary of Collective Enterprises, the owner of several business services companies based in Warrington.

Following the transaction, Uni-Pay’s six Warrington-based employees will join Flywire, which began operating in the UK two years ago. The acquisition means Flywire will now serve more than 120 UK-based educational clients.

“We are delighted to have Uni-Pay’s outstanding slate of educational clients join the Flywire community, and to be able to offer the industry’s number one international payment platform to them,” said Mike Massaro, chief executive of Flywire.

“We’ve worked hard to earn our reputation for providing outstanding customer service and industry-leading technology to students and educational institutions around the world. The considerable experience and talents of the Uni-Pay employees joining our team will add greatly to our capabilities and further solidify that reputation.”

“This is truly a win-win-win situation for international students, educational institutions and the Uni-Pay/Flywire teams,” said Paul Kennedy, acting chief executive of Uni-Pay.

“Our clients and their students gain access to Flywire’s best-in-class foreign exchange rates, 24/7 multilingual servicing capabilities and broad choice of payment options. And the joint team is uniquely positioned to expand the success of Flywire here in the UK and across Europe.”

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