On 13 July 2022, global payments and software company, Flywire (Nasdaq: FLYW), announced that it had acquired Cohort Go, an international education payments provider. Flywire said the acquisition will extend its footprint with education agents and accelerate its investment in product and payment innovation for international students.
Cohort Go’s focus is on enabling international students to make cross-border tuition payments through education agents. Its agent platform is expected to bolster Flywire’s existing agent solutions to deliver greater value to educational institutions, agents, and students. Additionally, with partner relationships in almost 40 countires, Cohort Go’s global footprint and penetration in APAC and Latin America present new growth and expansion opportunities according to Flywire.
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.
Massaro continued: “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.”
Cohort Go was founded in 2012 by industry experts Mark Fletcher and Paul Jones, who created a solution to enable students to pay for their international education using their local currency, saving on fees and transfer rates. Today, Cohort Go partners with more than 1,000 agents globally. The integration of Cohort Go into Flywire’s existing agent platform will enable Flywire to provide more value to agents, payers, and educational institutions.
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