Flywire Acquires StudyLink to Accelerate Expansion in the Australian Higher Education Market
BOSTON and ADELAIDE, Australia, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Today, Flywire Corporation (Flywire) (Nasdaq: FLYW) a global payments enablement and software company, announced that it has acquired StudyLink, an innovative provider of international student admissions, application and agent management software serving universities throughout Australia. The acquisition is expected to build on Flywire’s existing education payments business by enhancing the value it provides to its global client, agent and payer base, and is expected to further accelerate its market share in the Australian education sector. Flywire intends to expand upon StudyLink's existing and successful track record of providing top-tier solutions in Australia, where Flywire estimates that there are more than 600,000 higher education international students, with 75% of them being placed through education agents.
- Flywire intends to expand upon StudyLink's existing and successful track record of providing top-tier solutions in Australia, where Flywire estimates that there are more than 600,000 higher education international students, with 75% of them being placed through education agents.
- StudyLink provides an innovative, cloud-based interface for universities and education agents to structure, streamline and integrate international applications and enrollments into their admissions process.
- This expanded relationship, together with StudyLink’s extensive roster of leading education clients and network of 20,000 agents, present meaningful growth opportunities for Flywire.
- This acquisition reinforces Flywire’s commitment to powering the higher education ecosystem, which Flywire estimates to be approximately $660 billion in global payment volume and an opportunity for Flywire to accelerate Studylink’s growth internationally.