Flywire (formerly peerTransfer), a provider of cross-border payment solutions, acquired Toronto-based ScholarFX, a processor of tuition, room and board payments for international students attending universities and other educational institutions in Canada
FlywireFlywire (formerly peerTransfer), a provider of cross-border payment solutions, today announced the acquisition of Toronto-based ScholarFX, a respected processor of tuition, room and board payments for international students attending universities and other educational institutions in Canada. The news follows Flywire’s successful October 2015 acquisition of UK-based Uni-Pay, and its continued strong organic growth. The ScholarFX acquisition brings the total number of colleges and universities served by Flywire to almost 900, adding institutions such as Bishop’s University, MacEwan University and Camosun College. ScholarFX will become part of Flywire Canada, based in Toronto. Existing educational clients will migrate to the Flywire platform over the next few months and ScholarFX’s founder, Darren Chadwick, joins Flywire Canada in a leadership role.
http://www.finextra.com/news/announcement.aspx?pressreleaseid=62761
