Flywire acquires Invoiced to strengthen its Global B2B Payment Network

By Gloria Mathias

Flywire Corporation (Flywire), a global payments enablement and software company, has acquired Invoiced, a SaaS platform that enables B2B finance teams and the “Office of the CFO” to automate the critical order-to-cash process.

The acquisition is expected to build on Flywire’s existing B2B payments business by enhancing the software suite it provides to its global clients and target segments. Flywire plans to expand Invoiced’s invoicing software to a diversified client base across industries and geographies and to provide powerful software and payments to its target B2B segment.

Invoiced’s SaaS platform empowers B2B finance teams to automate A/R processes by managing invoices, communicating with payers, and reconciling payments to their Enterprise Resource Planning (ERP) systems. Invoiced does this through deep integrations with leading accounting systems and ERPs, including Oracle’s NetSuite, Sage Intacct, and Microsoft Business Dynamics.

With a diversified global client base, Invoiced has a successful track record of delivering mission-critical software. The combination of Invoiced’s A/R automation software with Flywire’s proprietary global payment network, which supports diverse payment methods in more than 140 currencies across 240 countries and territories around the world, is expected to provide the B2B payments industry with a combined full-suite software and payments solution that streamlines workflows for finance departments.

“We seek M&A opportunities that will help us enhance our value proposition and strengthen our financial performance while underscoring our core thesis that software drives value in payments,” said Mike Massaro, Flywire CEO. “We believe Invoiced is an ideal software complement to our existing B2B payments business. Invoiced will help us significantly accelerate our product roadmap, and its Accounts Receivable product focus has strong alignment with Flywire’s global payment acceptance capabilities.”

The acquisition of Invoiced continues Flywire’s long-term plan to supplement its strong organic growth and expand across business lines.