International payment solutions provider Flywire has purchased multi-currency invoicing platform provider PACE Invoice.
London-based PACE allows businesses to issue invoices to international customers, using its internal payments processing and multi-currency offerings.
The company was a part of the Startupbootcamp FinTech London accelerator program, which supports early-stage tech companies with access to mentors, partners and investors in the FinTech industry.
Flywire is an international payments solutions provider for the education, healthcare and business services sectors, also offering international recievables management.
Through the acquisition Flywire will add international invoicing to its new cross-border payments and receivables services, helping its clients more easily link invoices to cross-border receivables.
Flywire CEO Mike Massaro said, “This acquisition fills a growing need for clients across all our industry sectors – business, education and healthcare.
“Cross-border invoicing is challenging and by enabling these capabilities within our platform, we will further enhance our already industry-leading cross-border payment solution in the market.”
Following the transaction PACE Invoice will join Flywire to lead expansion efforts in the UK and Europe.
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