Flywire Raises $120M; Buys Simplee
Summary
The company intends to use the funds to expand its business reach and continue to digitize payments across its key verticals, including education, healthcare and travel. Flywire also acquired Simplee, a healthcare technology platform, The acquisition will enable Flywire to optimize the digital payments and patient engagement experience in healthcare and scale its global payments services. Simplee, which has raised $36.4m in venture capital funding to date, provides a technology platform for engaging patients and addressing affordability with personalized paths to payment. Together, the two companies will power four of the top ten US healthcare systems and process more than $10 billion in patient payments per year. To date the company has processed over $12 billion in total payments volume for over 2,000 clients around the world.
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