Flywire, a leading provider of payments enablement and software solutions, has announced its acquisition of Sertifi in a transaction valued at $330 million. Based in Chicago, Sertifi specializes in providing a vertical software and payments platform for the hospitality industry. This acquisition will add a new category to Flywire’s existing travel payments business.
Headquartered in Boston, with offices around the world, including in London and Singapore, Flywire operates a global payments network. It enables complex payments for enterprise clients in sectors like education, healthcare, and travel by integrating into their existing accounts receivable workflows, with a combination of its payments platform and vertical-specific software solutions.
Sertifi is a SaaS provider that simplifies how hospitality businesses securely manage contracts, exchange payment details, and process customer payments. Its technology integrates with catering and property management systems and serves 20,000 unique locations. Its client base includes well-known hotel brands such as Marriott, Hilton, and Hyatt, as well as a variety of independent luxury hotels.
“The acquisition of Sertifi marks an exciting new phase of growth for our Travel vertical,” said Mike Massaro, Flywire’s CEO. “With our deep industry expertise and global presence, we’re expanding into a significant new subsegment of the hospitality industry, unlocking new growth and innovation opportunities. Sertifi’s software solution, which is early in its payments monetization journey, further strengthens our capabilities.”
Sertifi has also made strides in digitizing event workflows for hotels, offering tools that simplify event contracting, group bookings, and associated payments. These solutions enable hotel sales teams to close deals faster while maintaining high service quality. Flywire plans to use its go-to-market and partnership expertise to expand this solution on a global scale.
