Company: FLYW
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000950170-25-027078
Chunk: 108

Company: Flywire Corp
Filing Date: 2025-02-26
Form: 10-K
Item: Item 1A
Chunk 108
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Our business depends, in large part, on our proprietary network of global, regional, and local banking partners and our relationships with other third parties. 

•Our markets are highly competitive.

•The estimates of market opportunity and our ability to capture a meaningful share of this payment volume may prove to be inaccurate. 

•Our education business may be adversely affected by decreases in enrollment or tuition, limitations or other restrictions on student visas to international students or increased operating expenses for our clients.

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•The healthcare industry is rapidly evolving. 

•Our travel business may be sensitive to events affecting the travel industry in general. 

•We may be unable to enter or expand into new verticals or sub-verticals, including our B2B vertical. 

•There could be consolidation in the payment processing or enablement industry. 

•We may be adversely impacted by worldwide global economic and political instability.  

Risks Related to Our Operations 

•We may not be able to scale our business quickly enough to meet our growing client base. 

•We enable the transfer of large sums of funds to our clients daily and are subject to the risk of errors. 

•Volatility in the banking and financial services sectors may impact our bank partnerships and relationships, which could adversely affect our operations and liquidity.

•Our management of our operating funds and those of our clients may be reliant on a limited number of our banking partners and other financial institutions.

•We may be unable to maintain or expand our ability to offer a variety of local and international payments. 

•Improper or unauthorized use of, disclosure of, or access to personal or sensitive data could harm our reputation. 

•We may fail to adapt and respond effectively to rapidly changing technology, evolving industry standards, changing regulations, and changing business needs, requirements, or preferences. 

•Changes to payment card networks fees or rules could harm our business. 

•If we lose key members of our management team or are unable to attract and retain executives and employees we need to support our operations and growth, our business may be harmed.

Risks Related to Our Legal, Regulatory and Compliance Landscape 

•Payments and other financial services-related regulations and oversight are material to our business. 

•We are subject to governmental laws and requirements regarding economic and trade sanctions, AML, CFT and those applicable to a MSB. 

•We are subject to governmental regulation and other legal obligations, particularly those related to privacy, data protection, information security, anti-corruption, anti-bribery, and similar laws. 

Risks Related