Flywire buys Sertifi for $330m to expand travel payments

Payments technology company Flywire has acquired Sertifi, which specialises in hospitality and travel payments, for $330m through a mix of cash and debt.

It is expected to bolster Flywire’s existing travel payments business by introducing a new product category with proven adoption among hotel brands.

Sertifi’s hospitality-specific solutions offer Flywire “immediate access” to new subsegments of the global travel industry.

This acquisition is expected to generate added value for Flywire’s client base.

Sertifi’s specialises in digitising…