Flywire Acquires Sertifi for $330 Million to Expand Payment Services for Hotels
Skift Take
This is the latest among a few major acquisitions around travel payments in the past couple of years.
Flywire, which provides cross-border payments tech for travel companies, said Tuesday that it has acquired Sertifi for $330 million in a bid to expand services for hotels.
Flywire's platform is meant to help travel companies simplify and streamline payments from consumers. Most clients are tour operators, destination management companies, and hotels. The company has about 4,500 clients globally across all the industries it serves, including education and health care.
The platform by Chicago-based Sertifi is meant to help hote
