Flywire Corporation (Nasdaq: FLYW) (Flywire), a global payments
enablement and software company, today is announcing Cosmin Pitigoi
will join the Company as Chief Financial Officer, beginning March
4, 2024. Pitigoi will report to Flywire CEO Mike Massaro and will
oversee Flywire’s accounting, financial planning and analysis,
financial reporting, investor relations, internal audit, SEC
reporting, tax, credit and risk and treasury functions.
“Given Flywire’s continued growth, we looked for a financial
leader who could help us scale financial operations, optimize costs
and improve our global footprint,” said Mike Massaro, CEO of
Flywire. “Cosmin brings decades of senior financial leadership and
a proven track record in scaling organizations in complex global
environments. He is the ideal CFO to help us achieve the next level
of scale and solidify our position as a leader in global
payments.”
Pitigoi joins Flywire during a period of rapid growth as it
continues to deliver on its mission to solve the most important and
complex payments for its more than 3,700 clients across the
Education, Healthcare, Travel and B2B industries. Prior to Flywire,
Pitigoi spent twenty years in finance leadership roles at PayPal
and eBay, where he was most recently SVP in PayPal finance, leading
a global cross-functional team across FP&A, operational finance
and pricing, along with serving on the board of directors at Paidy
and the audit committee chair of the PayPal Giving Fund. While at
eBay, Pitigoi held leadership roles across investor relations,
business unit FP&A and treasury, and began his career in
operational and finance roles at E*Trade and Barclays. He holds a
B.Comm. from Stellenbosch University in South Africa and an M.B.A.
from Santa Clara University.
“I am excited to help lead Flywire through the next phase of
growth and to continue to deliver value for our stakeholders,
including our clients, payers, partners, FlyMates and
shareholders,” said Cosmin Pitigoi. “Flywire brings a powerful
combination of payments and software to large vertical industries,
and it has significant growth potential. I am thrilled about the
opportunity to leverage my knowledge of the payments landscape and
experience scaling global finance organizations to help propel
Flywire’s future success.”
Flywire’s current CFO Mike Ellis will remain as a senior advisor
to support a smooth transition.
Massaro continued: “We are grateful to Mike Ellis for his many
contributions to Flywire over the past nine years, including
establishing many of our finance functions, taking the company
public, and managing many strategic acquisitions. We appreciate the
seamless CFO transition that he is enabling.”
About Flywire
Flywire is a global payments enablement and software company. We
combine our proprietary global payments network, next-gen payments
platform and vertical-specific software to deliver the most
important and complex payments for our clients and their
customers.
Flywire leverages its vertical-specific software and payments
technology to deeply embed within the existing A/R workflows for
its clients across the education, healthcare and travel vertical
markets, as well as in key B2B industries. Flywire also integrates
with leading ERP systems, such as NetSuite, so organizations can
optimize the payment experience for their customers while
eliminating operational challenges.
Flywire supports more than 3,700 clients with diverse payment
methods in more than 140 currencies across 240 countries and
territories around the world. Flywire is headquartered in Boston,
MA, USA with global offices. For more information, visit
www.flywire.com. Follow Flywire on X (formerly known as Twitter),
LinkedIn and Facebook.
Safe Harbor Statement
This release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995,
including, but not limited to, statements regarding Flywire’s
future operating results and financial position, Flywire’s business
strategy and plans, market growth, and Flywire’s objectives for
future operations. Flywire intends such forward-looking statements
to be covered by the safe harbor provisions for forward-looking
statements contained in Section 21E of the Securities Exchange Act
of 1934 and the Private Securities Litigation Reform Act of 1995.
In some cases, you can identify forward-looking statements by terms
such as, but not limited to, “believe,” “may,” “will,”
“potentially,” “estimate,” “continue,” “anticipate,” “intend,”
“could,” “would,” “project,” “target,” “plan,” “expect,” or the
negative of these terms, and similar expressions intended to
identify forward-looking statements. Such forward-looking
statements are based upon current expectations that involve risks,
changes in circumstances, assumptions, and uncertainties. Important
factors that could cause actual results to differ materially from
those reflected in Flywire's forward-looking statements include,
among others, the factors that are described in the "Risk Factors"
and "Management's Discussion and Analysis of Financial Condition
and Results of Operations" sections of Flywire's Annual Report on
Form 10-K for the year ended December 31, 2022, and Quarterly
Report on Form 10-Q for the quarter ended Sep 30, 2023, which are
on file with the Securities and Exchange Commission (SEC) and
available on the SEC's website at https://www.sec.gov/. The
information in this release is provided only as of the date of this
release, and Flywire undertakes no obligation to update any
forward-looking statements contained in this release on account of
new information, future events, or otherwise, except as required by
law.
Media Contacts
Sarah KingSarah.King@flywire.com
Walker Sands, for Flywireflywirepr@walkersands.com
Investor Relations Contact:
Akill Hollisir@flywire.com
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