Flywire, a fintech firm that provides global payment and receivable solutions for education, healthcare, and commercial enterprises, announced on Tuesday a major expansion of its UK and European operations and team. Flywire reported it has moved into new space on Folgate Street in London’s Spitalfields District, between Liverpool Street’s Financial District and London’s Fintech start-up hub at Shoreditch. The new office is quadruple the size of its previous location in Canary Wharf and provides substantial room for future growth.
Flywire declared that since June 2017, Flywire’s UK team has grown by 25%, with plans to double in the near future. That growth parallels a 100% increase in the number of clients served in Europe, and more 100% increase in the volume of payments for those clients during the same period. The new Flywire London location notably accommodates a number of team members in sales, product marketing, customer support, and its new global Chief People Officer, Kelly Hartman. Speaking about the company’s growth and the new office, Mike Massaro, CEO of Flywire, stated:
“Flywire’s initial European presence in Valencia and London served as a logical starting point for our business, and our growth throughout Europe. It also corresponds with what has been a very strong area for the company, especially with European educational institutions attracting record numbers of international students and more and more businesses extending their sales efforts globally. The team here has done an outstanding job serving our customers, growing the business, and putting the foundation in place for future growth. Our new London office is an important step in building on that success across Europe.”
The launch of the new office comes just after Flywire announced it has partnered with SP Jain School of Global Management to launch a startup competition, the Flywire Challenge, to power a new generation of transformative entrepreneurship in Singapore and the APAC region.