International payment solutions provider Flywire has acquired PACE Invoice, a London, England-based multi-currency invoicing platform provider. The move allows Flywire to add international invoicing to a menu already including cross-border payments and receivables.
“This acquisition fills a growing need for clients across all our industry sectors – business, education and healthcare,” Flywire CEO Mike Massaro said. “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. We’re also very pleased to be able to say that James Shattock and the entire PACE team will join us to capitalize fully on this great opportunity.”
Mr. Shattock, the PACE Invoice CEO, joins Flywire to lead the new section’s European expansion efforts.
“This is a great move for us – joining a dynamic, fast-growing company like Flywire where our offering is highly complementary and will be quickly integrated into the international payment and receivables platform Flywire has built,” Mr. Shattock said. “Our invoicing capability meets an important cross-border business need for their customers and can help accelerate Flywire’s expansion, especially in the B2B market. We’re really excited to be part of that.”