Flywire acquires Invoiced
Summary
The acquisition is expected to build on Flywire’s existing B2B payments business by enhancing the software suite it provides to its global clients and target segments. Invoiced does this through deep integrations with leading accounting systems and ERPs, including Oracle’s NetSuite, Sage Intacct, and Microsoft Business Dynamics. “We seek M&A opportunities that will help us enhance our value proposition and strengthen our financial performance, while underscoring our core thesis that software drives value in payments,” said Mike Massaro, Flywire CEO. Invoiced will help us significantly accelerate our product roadmap, and its Accounts Receivable product focus has strong alignment with Flywire’s global payment acceptance capabilities.” Digital transformation efforts drive demand for automated A/R processes Businesses are increasingly investing in Accounts Receivable (A/R) solutions to improve their financial operations and cash flow management. Additionally, the global push for compliance with tax regulations and the need to streamline cross-border transactions further enhance the demand for sophisticated invoicing solutions.
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