Flywire, a company offering payments enablement and software solutions, announced its acquisition of Sertifi in a transaction worth $330 million. Headquartered in Chicago, Sertifi provides the hospitality industry with a vertical software and payments platform. The acquisition is expected to add a new category to Flywire’s existing travel payments business.
Based in Boston with offices around the world, including London and Singapore, Flywire operates a global payments network. Combined with its payments platform and vertical-specific software solutions, it enables complex payments for enterprise clients in sectors like education, healthcare and travel by embedding into their existing accounts receivable workflows.
Sertifi is a SaaS provider that streamlines how hospitality businesses securely sign contracts, exchange payment details and complete customer payments. Its technology integrates with catering and property management systems and serves a client base spanning 20,000 unique locations. Its clients include hotel brands like Marriott, Hilton and Hyatt, as well as various luxury independent hotels.
“The acquisition of Sertifi represents an exciting next phase of growth for our Travel vertical, where our deep industry expertise and global footprint continue to be key differentiators,” Mike Massaro, Flywire’s CEO, said in a statement. “By expanding into a large new subsegment of the hospitality industry with strong ecosystem alignment, and gaining a software solution in the early stages of its payments monetization journey, we are unlocking new growth and innovation opportunities for Flywire.”
Sertifi has also recorded success in digitizing events workflows for hotels, offering a solution that helps simplify event contracting, group bookings and their associated payments. The tool helps hotel sales staff complete sales faster and with a higher quality of service. Flywire plans to leverage its go-to-market and partnership expertise to scale this solution internationally.
