Flywire acquires Sertifi for $330M, Q4 revenue up 17%, plans 10% workforce reduction

Flywire Corp

2024-FY EPS reported $0.02 revenue$492,144,000

Acquired Sertifi, a hospitality payments platform, for $330M cash plus up to $10M contingent and $10M RSUs; funded with cash and $125M from credit facility.
Q4 2024 revenue $117.6M (+17% YoY), revenue less ancillary services $112.8M (+17.4%), adjusted EBITDA $16.7M (14.8% margin, +680 bps).
Approved restructuring: workforce reduction of ~10%, expected charges $7-9M ($5-6M cash), majority in Q1 2025.
FY2025 guidance: revenue less ancillary services growth 10-14% FX-neutral, adjusted EBITDA margin +200-400 bps; Sertifi expected to add $30-40M revenue.
Company launching operational and business portfolio review to optimize investments and focus on core strengths.

item 1.01 item 2.01 item 2.02 item 2.05 item 7.01 item 9.01

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.