Venture-backed Flywire acquires Toronto's ScholarFX
Flywire, formerly known as peerTransfer, has acquired ScholarFX, a Toronto-based payments service for international students attending Canadian universities and other educational institutions. No financial terms were released. Boston-based Flywire, which operates in the same sector, said the acquisition increases its ability to attract Canadian customers and adds scale to its cross-border payments platform. With the deal, ScholarFX’s founder, Darren Chadwick, joins Flywire Canada. Founded in 2009, Flywire is backed by Accel Partners, Bain Capital Ventures, Devonshire Investors, Maveron, QED Investors and Spark Capital, among others.
20 January 2016•3 mins read
