Flywire, a global payments enablement and software firm, has completed the acquisition of Cohort Go, which is an international education payments provider.
Cohort Go has a core focus on providing international students with the ability to make cross-border tuition payments through international agents.
According to Flywire, the acquisition will build on Flywire’s existing education business to speed up the growth of its agent focus and team, deepen its commitment to product and payment innovation, and further invest in APAC.
Cohort’s agent platform is expected to bolster Flywire’s existing agent solutions to deliver even greater value to educational institutions, agents and students.
Flywire said the acquisition of Cohort Go enhances its ability to accelerate Flywire’s roadmap to enable a broader suite of financial services targeted to international students and other payers.
Flywire CEO Mike Massaro said, “Recruiting agencies play a critical role in the international student journey by assisting students in finding placements in higher educational and other institutions. Cohort Go has been prominent in this space, with a network of over 1,000 agent partnerships, including some of the most prestigious student recruitment agencies in the world.
“As we continue to invest in our Flywire Advantage – the combination of our next-gen payments platform, proprietary global payment network and industry-specific software – we seek opportunities to embed deeper into the workflows of our clients, agents and payers, with the goal of driving more value for them. Cohort Go’s successful agent platform, global footprint and adjacent services complement our existing capabilities and will help us power the higher education ecosystem into the future.
“Working with our clients on delivering high-stakes, high-value tuition payments, we’ve continued to discover pain points in the education ecosystem that we believe we’re uniquely positioned to solve. Cohort Go gives us an opportunity to accelerate the investment we have been making to further extend our value proposition to international students. With our Flywire Advantage, we can apply our existing framework of using software to drive value in payments to solve very specific use cases.”
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