Ten-year-old payments company Flywire is planning its exit, says CEO Mike Massaro. On top of other expected IPOs in 2021 like Robinhood, Affirm and Marqeta, two more fintech unicorns are planning to go public, according to people familiar with the matter. AvidXchange, a Charlotte company that lets businesses pay their bills online, and Flywire, a Boston startup that helps organizations receive digital payments in foreign currencies, are planning their exits. One of AvidXchange’s competitors is Bill.com, the public Palo Alto company that lets small businesses pay their bills online. Flywire processes more than $10 billion in payments annually and will exceed $100 million in revenue this year, Massaro says.

Source: Forbes November 11, 2020 11:26 UTC