Boston-based finance startup Flywire is to cut 12% of its workforce amid the coronavirus pandemic.
Goldman Sachs led a $120 million funding round into the firm in February at a valuation of more than $1 billion.Flywire, the Boston-based payments startup with backing from Goldman Sachs, is to cut 12% of its workforce as the coronavirus pandemic continues to bite. Flywire was founded in 2009 by the Spanish entrepreneur Iker Marcaide, and was originally called peerTransfer. It handles billions in payments each year, having provided software to universities, travel businesses, and healthcare providers to aggregate their payments processes.
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