Flywire Acquires Sertifi to Enhance Travel Payments and Hospitality Technology Solutions

Flywire acquires Sertifi to enhance travel payments solutions for hotels, expanding into new market segments and increasing revenue potential.

Quiver AI Summary

Flywire Corporation has announced its acquisition of Sertifi, a software and payments platform focused on the hospitality industry, for $330 million. This strategic move aims to broaden Flywire’s travel payments division by gaining access to new segments within the travel and hospitality sector, such as large-scale branded hotels and boutique accommodations. Sertifi enhances Flywire’s technology with its software integrations into major Property Management Systems, streamlining critical hospitality workflows related to event bookings and group sales. With Sertifi’s established presence among large hotel brands and its potential for future revenue growth,…