Venture • Information Technology

Eight Roads Invests In Flywire Payments

On January 1, 2013, private equity firm Eight Roads invested in information technology company Flywire Payments

Investment Context
  • This is Eight Roads’ 6th transaction in the Information Technology sector.
  • This is Eight Roads’ 24th transaction in the United States.
  • This is Eight Roads’ 9th transaction in Massachusetts.
Investment Fate
  • Flywire Payments went public in 2021.

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Investment Summary

Date January 1, 2013
Target Flywire Payments
Sector Information Technology
Investor(s) Eight Roads
Deal Type Venture

Target Company

Flywire Payments

Boston, Massachusetts, United States
Flywire Payments is a provider of global payment and receivables solutions, connecting over 1,400 businesses and institutions with their customers on six continents. The company processes billions in payments per year from 220 countries and territories, via bank transfer, credit card and e-wallet solutions, in over 120 different local currencies. Flywire’s scalable platform provides currency conversion at exchange rates that can offer significant savings when compared to home-market banks and credit card providers. The company also supports its clients with end-to-end customer support including multilingual servicing via phone, email, and chat, as well as 24/7 online payment tracking. Flywire Payments was founded in 2009 and is headquartered in Boston, Massachusetts with operations in London and Manchester, UK; Shanghai, China; Tokyo, Japan; Singapore; Sydney, Australia; and Valencia, Spain.
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Investor Overview 1

Investor

Eight Roads

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1969
PE ASSETS 11.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Eight Roads is a private investment firm focused on a variety of investment opportunities across the US, Europe, and Asia. The Firm is divided into several investment strategies including venture, principal investing, and real estate. Within the principal investments group, Eight Roads backs established growth businesses with long-term capital. Eight Roads does not have any sector preferences, but has experience in fintech, business services, and healthcare. Eight Roads is based in London.


Deal Context for Investor #
Overall 59 of 293
Sector: Information Technology 6 of 31
Type: Venture 46 of 266
State: Massachusetts 9 of 33
Country: United States 24 of 119
Year: 2013 4 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-01 ownCloud

Nuremberg, Germany

ownCloud is a provider of enterprise file sync and share that is hosted in your data center, on your servers, using your storage. ownCloud provides Universal File Access through a single front-end to all of your disparate systems. ownCloud was founded in 2011 and is based in Nuremberg, Germany.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-11 Richcore Lifesciences

Bangalore, India

Richcore Lifesciences is an innovation-driven company focused on development and manufacture of industrial enzymes that have global relevance. Richcore Lifesciences was founded in 2005 and is based in Bengaluru, India.

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