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…
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