Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

Flywire Corporation 'Addresses Customer Payment Pain Points' - Truist

Published 09/23/2022, 12:38 PM
Updated 09/23/2022, 12:49 PM
© Reuters.  Flywire Corporation (FLYW) 'Addresses Customer Payment Pain Points' - Truist

© Reuters. Flywire Corporation (FLYW) 'Addresses Customer Payment Pain Points' - Truist

By Sam Boughedda

Shares of payment solutions provider Flywire Corp (NASDAQ:FLYW) were initiated with a Buy rating and $36 price target by a Truist analyst on Friday.

In a note to clients, the Truist analyst argued Flywire has built a differentiated vertical market software, a proprietary platform and a global network.

"The co addresses customer payment pain points in large verticals, incl Education, Travel, Healthcare and B2B," wrote the analyst. "Flywire's solutions are customized to help clients reduce costs, get paid in complex domestic and cx-border markets and improve end-user experiences."

"Flywire has identified key markets in which it addresses complexity w/leading purpose-built solutions. In Education and Healthcare, ecosystem participants face challenges incl disparate billing systems, complex customer interactions, multiple tech providers, manual processes, language barriers, rising regulatory burdens and daunting data integrations," added the analyst.

The firm views Flywire's deep domain expertise and scalable payments infrastructure as "durable competitive advantages in large, immature TAMs."

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.