Company: FLYW
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000950170-25-027078
Chunk: 205

Company: Flywire Corp
Filing Date: 2025-02-26
Form: 10-K
Item: Item 1B
Chunk 205
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2
     
    $ Change
     
    % Change

    Transaction payment volume
     
    $17,670.3
     
    $12,242.6
     
    $5,427.7
     
    44%

    Platform and other revenues payment volume
     
    6,362.5
     
    5,835.9
     
    526.6
     
    9%

    Total payment volume
     
    $24,032.8
     
    $18,078.5
     
    $5,954.3
     
    33%

Key Factors Affecting Our Performance 

Increased Utilization by Our Clients and Their Customers 

Our ability to monetize our payments platform and global payment network is an important part of our business model. Today, we charge a fee based on the total payment volume we process on behalf of our clients. Our revenue and payment volume increases as our clients process more transactions on our payment platform and more money is collected through our global payment network. Increased average size of the payments processed on our payment platform also increases our revenue. Our ability to influence clients to process more transactions on our platform will have a direct impact on our revenue.

In addition, sustaining our growth requires continued adoption of our platform by new clients and further adoption of use cases such as payment plans, by our clients’ customers. Our ability to influence our clients to expand their customers’ usage of our platform also depends on our ability to successfully introduce new solutions, such as our solutions to support payments by international education consultants and our B2B solutions.

Mix of Business on Our Platform 

Our revenue is affected by several factors, including the amount of payment volume processed by us on behalf of our clients, the industry in which our clients operate, the currency in which payments are made and received, the method of payment and the number of payment plans initiated by our clients’ customers. For example, we recognize more transaction revenue as our clients engage in cross border payment flows which may increase or decrease depending on the industry in which our clients operate. We may experience shifts in the type of revenue we earn (transaction revenue or platform and other revenues) depending on the nature of the activity of our clients and our clients’ customers on our platform. 

Investment in Technology and Development and Sales and Marketing 

We make significant investments in both new solutions and existing solution enhancement. New solution features and functionality are brought to market through a variety of distribution