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Flywire Acquires Simplee to Transform Healthcare Payments Experience
#Acquisition #Investment
About
Flywire develops a vertical payments platform designed to simplify the global payment and receivables process. Its platform utilizes vertical-specific insight and technology to optimize the payment experience while eliminating operational challenges from invoicing to payment reconciliation, enabling organizations to improve operational efficiency and protect their customers from fraudulent activity.
In 2020, Flywire acquired the Israeli payment startup, Simplee. Flywires acquisition of Simplee accelerates the digitization of payments to address the challenges around patient engagement as well as healthcare finance and affordability. Combining Flywires high-tech platform for providers with Simplees consumer-first paths to payment, both patients and providers are empowered to settle payment faster and on their own terms.