Flywire Pays $330 Million for Hospitality Payments Platform Sertifi

Flywire acquired hospitality-focused software and payments platform Sertifi.

The $330 million deal is designed to bolster Flywire’s travel payments business, according to a Tuesday (Feb. 25) press release.

“Sertifi’s hospitality-specific integrations give Flywire immediate access to new subsegments of the global travel industry, and they are expected to create additional value for Flywire’s extensive client roster,” the release said. “Sertifi has a successful track record of digitizing hotels’ workflows around events and group booking sales, and [it’s] a solution that Flywire is expected to scale internationally by leveraging the strength of Flywire’s global go-to-market and partnership expertise around the world.”

Sertifi provides a software-as-a-service (SaaS) platform for the hotel and hospitality space, serving global brands like Hilton and Hyatt along with luxury independent hotels, such as the Sage Hospitality Group and the Corinthia Hotel in…