Flywire appoints Carleigh Jaques to its Board of Directors, enhancing expertise in financial technology and risk management.
Quiver AI Summary
Flywire Corporation has announced the immediate appointment of Carleigh Jaques to its Board of Directors, where she will also serve on the Audit Committee. With over 15 years at Visa, Inc., where she held various leadership roles including SVP of Risk & Identity Solutions, Jaques brings extensive expertise in financial technology and payments. Her accomplishments include rapid growth in Visa's fraud detection business and leading innovative merchant solutions. Flywire CEO Mike Massaro expressed enthusiasm over Jaques's addition, expecting her to contribute significantly as the company continues to expand its unique combination of software and payment capabilities. Jaques emphasized her honor in joining Flywire at this critical juncture and recognized the company's potential to tackle complex payment challenges successfully.
Potential Positives
- Appointment of Carleigh Jaques to the Board of Directors, bringing extensive experience in financial technology and payments from a leading company (Visa).
- Ms. Jaques' background in accelerating growth and leading strategic initiatives at Visa is expected to enhance Flywire's business strategies and operations.
- Her role on the Audit Committee will strengthen corporate governance and oversight within Flywire.
- Comments from both the CEO and Ms. Jaques highlight a positive outlook for Flywire's growth and value creation in the payments industry.
Potential Negatives
- The press release lacks specific details regarding the company's current financial performance or challenges, which may lead to uncertainty among investors and stakeholders about the company's stability and future outlook.
- The mention of extensive forward-looking statements without concrete assurances may raise concerns regarding the reliability of the company's projections and overall communication strategy.
- Although highlighting an experienced new board member, the press release does not address potential recent underperformance or strategic difficulties the company might be facing, thereby limiting credibility with shareholders seeking transparency.
FAQ
Who is Carleigh Jaques?
Carleigh Jaques is the newly appointed member of Flywire's Board of Directors with extensive experience in financial technology and payments.
What role will Carleigh Jaques serve at Flywire?
Carleigh Jaques will serve as a member of Flywire's Board of Directors and the Audit Committee.
What experience does Carleigh Jaques bring to Flywire?
She has over 15 years of experience at Visa, focusing on risk, identity solutions, and payment transformations.
What is Flywire's business focus?
Flywire specializes in global payments enablement and software, serving clients across education, healthcare, and travel industries.
Where can I find more information about Flywire?
More information about Flywire can be found at their website: www.flywire.com.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$FLYW Congressional Stock Trading
Members of Congress have traded $FLYW stock 2 times in the past 6 months. Of those trades, 1 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $FLYW stock by members of Congress over the last 6 months:
- REPRESENTATIVE JOSH GOTTHEIMER has traded it 2 times. They made 1 purchase worth up to $15,000 on 07/19 and 1 sale worth up to $15,000 on 06/18.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.
$FLYW Insider Trading Activity
$FLYW insiders have traded $FLYW stock on the open market 15 times in the past 6 months. Of those trades, 0 have been purchases and 15 have been sales.
Here’s a breakdown of recent trading of $FLYW stock by insiders over the last 6 months:
- PETER BUTTERFIELD (General Counsel and CCO) has traded it 5 times. They made 0 purchases and 5 sales, selling 14,876 shares.
- DAVID R. KING (Chief Technology Officer) has traded it 3 times. They made 0 purchases and 3 sales, selling 10,238 shares.
- ROB ORGEL (President and COO) has traded it 3 times. They made 0 purchases and 3 sales, selling 12,965 shares.
- MICHAEL MASSARO (Chief Executive Officer) has traded it 3 times. They made 0 purchases and 3 sales, selling 24,973 shares.
- EDWIN J SANTOS sold 10,448 shares.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$FLYW Hedge Fund Activity
We have seen 115 institutional investors add shares of $FLYW stock to their portfolio, and 146 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- CAPITAL INTERNATIONAL INVESTORS removed 2,713,564 shares (-100.0%) from their portfolio in Q2 2024
- NORTH REEF CAPITAL MANAGEMENT LP added 1,325,801 shares (+inf%) to their portfolio in Q3 2024
- EVENTIDE ASSET MANAGEMENT, LLC removed 1,304,806 shares (-42.5%) from their portfolio in Q3 2024
- MACQUARIE GROUP LTD removed 1,240,310 shares (-90.6%) from their portfolio in Q3 2024
- AMERIPRISE FINANCIAL INC removed 1,130,094 shares (-57.1%) from their portfolio in Q3 2024
- WESTFIELD CAPITAL MANAGEMENT CO LP added 1,006,516 shares (+19.3%) to their portfolio in Q3 2024
- FULLER & THALER ASSET MANAGEMENT, INC. removed 928,528 shares (-100.0%) from their portfolio in Q2 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
BOSTON, Nov. 20, 2024 (GLOBE NEWSWIRE) -- Flywire Corporation (Nasdaq: FLYW) (Flywire), a global payments enablement and software company, today is announcing the appointment of Carleigh Jaques to its Board of Directors, effective immediately. Ms. Jaques will also serve as a member of the Audit Committee of Flywire’s Board of Directors.
Ms. Jaques brings extensive experience in financial technology, payments, risk and capital markets to Flywire’s Board of Directors. She previously led multiple strategic and operational teams over the span of a 15-year career at Visa, Inc. (NYSE: V), where she was most recently the SVP, Global Head of Risk & Identity Solutions. In this role, she accelerated the growth of Visa’s global fraud detection business, which supports financial institutions and merchants with capabilities to make real-time decisions and authenticate account holders across Visa, the world’s largest payment network, and other payment types. Prior to that, Ms. Jaques was SVP and Global Head of Acceptance Solutions at Visa, where she led the transformation of the company’s merchant and acquirer capabilities including Tap to Phone, urban mobility and merchant digital solutions. In her prior role as SVP and GM of Visa’s Cybersource business, Ms. Jaques led one of the world’s largest digital gateways, including its international expansion, sales model transformation and entry into new markets, such as face to face acceptance. Earlier in her tenure at Visa, Ms. Jaques founded the Corporate Development and Venture function and led a number of strategic investments through joint ventures and acquisitions, including Visa's $23 billion acquisition of Visa Europe. Prior to joining Visa, Ms. Jaques was a technology investment banker.
Ms. Jaques is an Advisory Board Member at the Wharton AI & Analytics Initiative and has previously been named among the Most Influential Women in Payments by PaymentsSource. She holds a B.A. from the University of Michigan and an MBA from The Wharton School at the University of Pennsylvania.
“I’m thrilled to welcome Carleigh to our Board of Directors. Her proven track record of accelerating growth across a number of Visa’s most strategic initiatives makes her a powerful addition to our team,” said Mike Massaro, Flywire CEO. “We look forward to her guidance as we continue to grow and scale Flywire, creating great value for our clients, payers and shareholders.”
“I’m honored to be joining Flywire at a pivotal time for the Company,” said Carleigh Jaques. “I know firsthand how difficult it is to tackle the complex payment challenges that Flywire continues to successfully solve, and I believe that Flywire’s unique combination of software and payments capabilities make it well positioned to continue to drive value for its clients and payers into the future.”
About Flywire
Flywire is a global payments enablement and software company. We combine our proprietary global payments network, next-gen payments platform and vertical-specific software to deliver the most important and complex payments for our clients and their customers.
Flywire leverages its vertical-specific software and payments technology to deeply embed within the existing A/R workflows for its clients across the education, healthcare and travel vertical markets, as well as in key B2B industries. Flywire also integrates with leading ERP systems, such as NetSuite, so organizations can optimize the payment experience for their customers while eliminating operational challenges.
Flywire supports more than 4,000* clients with diverse payment methods in more than 140 currencies across 240 countries and territories around the world. Flywire is headquartered in Boston, MA, USA with global offices. For more information, visit www.flywire.com . Follow Flywire on X (formerly known as Twitter), LinkedIn and Facebook .
*Excludes clients from Flywire’s Invoiced acquisition
Safe Harbor Statement
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding Flywire’s future operating results and financial position, Flywire’s business strategy and plans, market growth, and Flywire’s objectives for future operations. Flywire intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by terms such as, but not limited to, “believe,” “may,” “will,” “potentially,” “estimate,” “continue,” “anticipate,” “intend,” “could,” “would,” “project,” “target,” “plan,” “expect,” or the negative of these terms, and similar expressions intended to identify forward-looking statements. Such forward-looking statements are based upon current expectations that involve risks, changes in circumstances, assumptions, and uncertainties. Important factors that could cause actual results to differ materially from those reflected in Flywire's forward-looking statements include, among others, the factors that are described in the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections of Flywire's Annual Report on Form 10-K for the year ended December 31, 2023, and Quarterly Report on Form 10-Q for the quarter ended September 30, 2024, which are on file with the Securities and Exchange Commission (SEC) and available on the SEC's website at https://www.sec.gov/ . The information in this release is provided only as of the date of this release, and Flywire undertakes no obligation to update any forward-looking statements contained in this release on account of new information, future events, or otherwise, except as required by law.
Media Contacts
Sarah King
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Investor Relations Contact
Masha Kahn
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