Flywire is the exclusive payment partner of LaLiga Business School

Flywire digitizes and streamlines cross-border and domestic payments for students attending LaLiga Business School

The partnership improves the students’ financial experience and improves the university’s operational efficiency

BOSTON and VALENCIA, Spain, July 28, 2021 (GLOBE NEWSWIRE) – Today Flywire Corporation (Nasdaq: FLYW) announced a partnership with the Liga Nacional de Fútbol Profesional (“LaLiga”) to expand its education department, LaLiga Business School , digital payment options for students and families. As the preferred payment partner of LaLiga Business School, Flywire will drive the digital payments experience for students, families and other payers, and simplify operational efficiencies for the institution’s administration.

LaLiga is the highest professional football league in the Spanish football league system. Established in 2018, LaLiga Business School is an in-house project with the main goal of creating and retaining talent in order to reinforce and grow the exponential growth of the sports industry and its ability to drive progress for other industries and society. With courses from sports law to global sports marketing, the LaLiga Business School successfully recruits and trains the next generation of executives in sports and entertainment management.

With a growing number of LaLiga students, including international students, LaLiga was looking for a solution that not only made cross-border payments easier, but also allowed students to pay for their educational expenses in their preferred payment method on a schedule that has for it works best.

“We have made a rapid move to digital and ‘contactless’ services across campus to increase security for our students and make things more efficient,” said José Moya Gómez, director of LaLiga Business School. “So we wanted to give our students, families, and payers an easier way to pay for their education expenses quickly, securely, and with their preferred payment method. Flywire does this for our students and makes it easier for us to reconcile these payments. “

The story goes on

Flywire’s educational payment platform enables schools to offer a bespoke, convenient and secure digital payment experience that can be customized by school, country and currency. This flexible, yet powerful, payment platform is designed to accelerate cash flow, make reconciliation easier, and streamline operating costs. The solution also allows institutions to create custom payment plans to give students and families more flexibility. In Spain, Flywire currently supports a wide variety of local and alternative payment methods.

“Flywire is excited to be the payment partner of choice for LaLiga Business School,” said Jorge Alegre-Pastor, mainland Europe director for Flywire’s education business. “Flywire has a strong track record of supporting higher education institutions in Spain and the combination of our powerful platform, industry expertise and local knowledge makes us uniquely suited to deliver bespoke LaLiga solutions that solve both sides of the payment equation.”

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About Flywire

Flywire (Nasdaq: FLYW) is a global payments processing and software company. Flywire combines its proprietary global payments network, next-generation payment platform and industry-specific software to deliver the most important and complex payments to customers and their customers.

Flywire leverages its industry-specific software and payment technology to deeply embed its customers in the education, healthcare and travel verticals, as well as major B2B industries, into existing A / R workflows. Flywire also integrates with leading ERP systems, so companies can optimize the payment experience for their customers while eliminating operational challenges.

Flywire supports over 2,250 customers with a variety of payment methods in more than 130 currencies in 240 countries and territories around the world. The company is headquartered in Boston, MA, USA, with offices around the world.

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements about our future results of operations and financial condition, our business strategy and plans, market growth, and our objectives for future operations. Flywire intends that such forward-looking statements will be subject to the safe harbor provisions for forward-looking statements contained in Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. Statements using terms such as “believe”, “may”, “will”, “potentially”, “estimate”, “continue”, “foresee”, “intend”, “could”, “would”, “project”, “Aim”, “plan”, “expect” or the negative of these terms and similar expressions intended to identify forward-looking statements. Such forward-looking statements are based on current expectations that involve risks, changes in circumstances, assumptions and uncertainties. Important factors that could cause actual results to differ materially from those in Flywire’s forward-looking statements include, but are not limited to, Flywire’s future financial performance, including expectations for our revenues, costs and operating costs, including changes in technology and development , Sales and marketing and general and administrative expenses (including all components of the foregoing), gross profit and Flywire’s ability to achieve and maintain future profitability; Flywire’s business plan and ability to effectively manage its growth; Flywire’s market opportunity, including estimates of total addressable payment volume; Flywire’s cross-border expansion plans and ability to expand internationally; anticipated trends, growth rates, and challenges in Flywire’s business and in the markets in which it operates; Flywire’s sufficient liquidity and cash equivalents to meet its liquidity needs; political, economic, legal, social and health risks, including the recent COVID-19 pandemic and subsequent public health actions, that could affect Flywire’s business or the global economy; Beliefs and goals for future operations; Flywire’s ability to develop and protect its brand; Flywire’s ability to maintain and increase the volume of payments processed; Flywire’s ability to continue to attract, retain and expand its customer base; Flywire’s ability to develop new solutions and services and bring them to market in a timely manner; Flywire’s expectations regarding relationships with third parties, including strategic partners; the impact of increased competition in Flywire’s markets and its ability to compete effectively; future acquisitions or investments in complementary companies, products, services or technologies; Flywire’s ability to enter new customer segments, including its relatively new B2B sector; Flywire’s expectations of anticipated technological needs and developments and its ability to meet those needs and developments with its solutions; Flywire’s expectations regarding litigation and legal and regulatory matters; Flywire’s expectations regarding its ability to meet existing performance obligations and maintain the functionality of its solutions; Flywire’s expectations about the impact of existing and evolving laws and regulations, including those relating to payments and financial services, taxation, privacy and data protection; Economic and industry trends, forecast growth or trend analysis; Flywire’s ability to attract and retain qualified employees; Flywire’s ability to preserve, protect and improve its intellectual property; Flywire’s ability to maintain the security and availability of its solutions; the future market price of Flywire’s common stock; and other factors described in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of the Flywire prospectus, filed with the Securities and Exchange Commission (SEC) and on the SEC’s website is available at https://www.sec.gov/. Additional factors can be described in the sections of Flywire’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2021, which is expected to be filed with the SEC in the third quarter of 2021.

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